Embrace Software Inc (“Embrace”), a leading acquirer of business software solutions, is excited to announce the successful acquisition of QSTRAT; a leading provider of Sourcing & Quoting solutions for manufacturers & distributors. This marks Embrace Industrial Group’s eighth acquisition, further solidifying our position in delivering a comprehensive industrial solution stack to some of the world’s largest manufacturers and essential service providers.
QSTRAT simplifies Sourcing and Supplier Management for Procurement teams across North America, Europe and Asia with a primary focus on the automotive and fastener industries. Their suite of Sourcing & Quoting solutions streamlines the request for quote (RFx) process and leverages cost analysis tools to support better decision-making. Embrace is excited to expand into the configure, price, and quote (CPQ) vertical, which complements our existing capabilities in inspection management, inventory planning, and supply chain optimization. By integrating QSTRAT’s offerings into our current suite of products, we aim to accelerate product synergy and strengthen our industrial solutions portfolio.
“QSTRAT provides highly reliable solutions for the industrial space, more specifically for automotive manufacturing and fastener distribution – two areas where Embrace’s Industrial group has a significant presence. The universal appreciation for QSTRAT’s products by its customers’ is a testament to the team’s commitment to delivering a superior solution and service. We are excited to build on this, tapping into our experience growing and scaling excellent software businesses like QSTRAT” said Mohan Plakkot, CEO of Embrace Software Inc.
Steve Wargalla and John Dickey, who currently oversee QSTRAT’s operations, will continue to lead the company on its growth trajectory as Managing Directors.
“We are thrilled to be joining forces with Embrace’s Industrial group. Embrace has the resources and ambition to help take our business to the next level. After speaking with others who have sold their business to Embrace in the past, we are convinced that Embrace is the perfect home for our employees and customers” said Steve Wargalla, QSTRAT’s Managing Director.
The acquisition integrates significant resources, knowledge, and expertise, incorporating best-of-breed practices. As a result, QSTRAT’s customers can expect even more robust and innovative solutions from QSTRAT and the extended Embrace Industrial group of companies.
About QSTRAT
QSTRAT specializes in Strategic Sourcing and Quoting Software designed for manufacturers and distributors. Their platform streamlines supplier collaboration, automates the request for quotation (RFx) process, and provides cost analysis tools to improve decision-making. QSTRAT serves industries including automotive, aerospace, and industrial manufacturing, helping businesses enhance efficiency and reduce costs in their Supplier Management, Sourcing and Customer Quoting workflows.
About Embrace Software Inc.
Embrace acquires and invests in niche software that provides industry-specific solutions. We believe best practices followed by enterprise software are equally relevant for small software businesses. Access to capital and know-how enables our acquired companies to serve their customers better and grow their businesses faster.
