ATLANTA - Visiprise Inc. closed on a $16 million round of funding led by Investor Growth Capital (IGC). This oversubscribed, second round of funding also included RRE Ventures, Morgan Stanley Venture Partners, Canaan Ventures and Wheatley Partners, bringing total company funding to $18.3 million. IGC’s Noah Walley and Phil Dur will join Visiprise’s board of directors.

“This round of funding will enable Visiprise to quickly capitalize on our development and delivery of a true global manufacturing platform that offers companies as much as a tenfold return on their manufacturing IT investments,” said Sean McCloskey, president and CEO. “We see our ability to attract blue-chip investors in this round of funding as a strong endorsement of the company we have built over the past few years.”

In a statement, McCloskey said the new funding will be used to fuel expansion in Asia. It will also increase its investment in collaborative work to accelerate its partnership with SAP AG (the two companies offer a turnkey business software solution based upon SAP NetWeaver to the discrete manufacturing markets). In addition, McCloskey said the funding would be used to make future acquisitions.

“Visiprise has grown its enterprise accounts by 500% and completed 31 new deployments – six of which were  multi-site, global installations,” said Noah Walley,  managing director of IGC. “Today Visiprise has a list  of clients that reads like a who’s who in discrete  manufacturing and its product and product vision is one that we feel will be as important to manufacturers in the next three years as ERP was in the late ‘90s.”