After 13 years without an outside investment, Abington-based ZenQMS brought on Susquehanna Growth Equity as a minority investment partner in August to help with its growth, writes Sarah Huffman for Technical.ly.

Co-founded by Panos Boudouvas and Graham Wert, the company built a platform that helps life sciences companies manage their compliance with industry requirements.

“Proper documentation is everything for life sciences compliance,” said Boudouvas.

ZenQMS has fewer than 100 employees, but it has nearly tripled its headcount over the past two years. In addition to its Ardmore headquarters, the company has employees worldwide, including in Brazil and Romania. As it continues to grow, ZenQMS keeps adding people in the Philadelphia area.

To facilitate this growth, ZenQMS has taken the first outside money since its founding. For Boudouvas, this felt like the right time to bring on a partner due to the company’s steady expansion.

Susquehanna is an “analytical and strategic group with a unique approach to value creation” that resonated well with his team, said Boudouvas. “Susquehanna, also being in our backyard, was a really unique partner for us in that respect. They really understand the company, what we’re trying to achieve here in our next chapter.”

Read more about ZenQMS in the Technical.ly.