Common Wealth Growth Group invests millions in Blacksburg’s Qualtrax

Roanoke’s newest investing firm is betting millions on its first local company: a 23-year-old software firm with a swanky new office and plans to finally shed its low profile.

Qualtrax only became a standalone business last year, after two decades inside Christiansburg’s CCS Inc. (now FoxGuard Solutions), which had made compliance software since the 1980s.

Qualtrax is preparing to make its public debut with a $3 million cash infusion.

The funding was led by Common Wealth Growth Group, the investing firm launched last year by Roanoke’s former Interactive Achievement CEO Jon Hagmaier. Other investors include San Francisco venture capital firm Lyden Capital and CCS executives Marty Muscatello and Tim Lawson.

With the investment announced Tuesday, Qualtrax President Amy Ankrum said she hopes to see things take off with more employees and better brand exposure right in Virginia Tech’s back yard.

Read the full story at The Roanoke Times website >>>

Recent Posts

  • 2 men standing and talking

    RBTC Rolls Out New Young Professional Development Program

    Cohort-based program aims to empower early-career STEM workers If you’re a STEM employer looking to nurture your young professionals, then you’re not going to want to miss this new opportunity […]

  • Don’t Miss These Spring Regional Tech Talent Events

    Don’t Miss These Spring Regional Tech Talent Events

    Virginia is fast-becoming a hot spot for STEM career opportunity and nowhere is that more evident than the Roanoke-Blacksburg region. The environment is primed to commercialize biotech, incite innovation, and […]

  • RFP: Name and Brand for Biotechnology Project

    Roanoke-Blacksburg Technology Council alliance partner Verge is requesting proposals to develop a name and brand for a shared wet-lab space in Roanoke. Project Background Born out of a need to […]