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Founded Year

1993

Stage

Series A | Alive

Total Raised

$157.5M

Valuation

$0000 

Last Raised

$150M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-62 points in the past 30 days

About MasterControl

MasterControl is a company that specializes in manufacturing execution and quality management software solutions in the regulated industries domain. The company offers a range of services including document control, change control, training management, audit management, quality management, and data analytics, all designed to help businesses ensure quality and compliance in their operations. MasterControl primarily serves sectors such as pharmaceuticals, medical devices, dietary supplements, and food & beverage. MasterControl was formerly known as Document Control Systems. It was founded in 1993 and is based in Salt Lake City, Utah.

Headquarters Location

6350 South 3000 East

Salt Lake City, Utah, 84121,

United States

801-942-4000

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ESPs containing MasterControl

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Manufacturing Tech

The manufacturing execution systems (MES) market involves software platforms designed to monitor, track, document, and control the entire manufacturing process from raw materials to finished products. Serving as a functional layer between enterprise resource planning (ERP) and process control systems, MES helps manage production scheduling, inventory levels, quality control, resource allocation, a…

MasterControl named as Leader among 15 other companies, including Siemens, IBM, and SAP.

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Expert Collections containing MasterControl

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MasterControl is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,249 items

A

Advanced Manufacturing

6,362 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

MasterControl Patents

MasterControl has filed 10 patents.

The 3 most popular patent topics include:

  • project management
  • computer memory
  • computer storage devices
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/29/2021

5/30/2023

Computer network security, Authentication methods, Computer access control protocols, Password authentication, GPS navigation devices

Grant

Application Date

1/29/2021

Grant Date

5/30/2023

Title

Related Topics

Computer network security, Authentication methods, Computer access control protocols, Password authentication, GPS navigation devices

Status

Grant

Latest MasterControl News

Americans’ Growing Appetite for Risk and Shrinking Responsiveness to Potential Product Issues

Nov 1, 2024

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=9d46a7b6-72d1-4be8-b6c2-dfea583c40bd" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> Over one-third of Americans (36%) now report that they would continue to use products even after a recall, according to recent data collected by MasterControl , a provider of quality management and manufacturing software. The proportion of individuals continuing to use recalled products increases in younger age groups: 45 percent of Millennials (born from 1980 to 1994) and 59 percent of Gen Z (born from 1995 to 2012) admitted they would continue to use at least one kind of recalled product, whereas only 18 percent of Boomers (born 1946 to 1964) and 23 percent of Gen X (born 1965 to 1979) admitted the same. The data suggests that while a recall is not enough to prompt all consumers to replace a product they already purchased, it is sufficient to cause many consumers to lose trust in the brand altogether. This presents an interesting contradiction where consumers are willing to roll the dice on a product with a known recall but are less willing to entertain an unknown and likely nonexistent risk with future purchases from the same brand. Notably, 92 percent of consumers report that they would take some type of action to mitigate the potential harm from a recalled product; however, the new data demonstrate the willingness of many to look past potential product issues. Indeed, many admit that they will still continue to use the products after taking steps such as contacting a medical provider or requesting a refund for the product. While the MasterControl report did not focus on specific reasons for recalls, it did highlight the cause of some recent Food and Drug Administration recalls : undeclared allergens, potential foodborne illness, potential mold contamination, presence of glass particles, and elevated levels of lead. The study generally distinguished recalls for health and safety risks and specifically examined the likelihood of continued consumption of food and baby formula by generation, despite a recall. Generationally, Millennials and Gen Z are least likely to take action as they are three times more likely to continue to use products that pose a health or safety risk than Boomers and Gen X. The increased willingness of younger generations to accept recalled products if further evidence by the data showing that 21 percent of Gen Z agreed that they are likely to use recalled vaccines as compared to 3 percent of Boomers, 11 percent of Gen X, and 14 percent of Millennials. Notably, the younger generations are more willing to use recalled products in their care of others as seen through the 23 percent of Gen Z that agreed they are likely to use recalled baby formula. Whereas to 2 percent of Boomers, 5 percent of Gen X, and 16 percent of Millennials agreed to the same. FDA data shows that recalls have increased since 2018. While the older generations tend to avoid the risk associated with recalled products, the data suggests Gen Z and Millennials are more likely to look past that risk and continue using defective products. Despite their demonstrated willingness to use recalled products, Americans largely want what they consume to be of a high standard. Significantly, 77 percent of Americans question the quality or safety of medical products, yet 68 percent do not proactively check for recalls. A recall is also often sufficient to end brand loyalty as consumers tend to avoid purchasing products from brands with known recalls in the future and are more likely to tell others to avoid the brand. Fifty-six percent of consumers would not purchase a product that was previously recalled, and 42 percent stopped using a product category entirely following a recall. Thirty-nine percent would stop buying from a brand altogether if a product was recalled in the past. This data can be useful for manufacturers, importers, and distributors as they develop recall strategies. It may invite different types of communications, plans, and incentives to target different age groups. The data also suggest that additional efforts to reinforce and protect brand loyalty, may be necessary in conjunction with recalls. In light of this data, it is important to evaluate the channels of communications employed by brands in order to provide up to date information with consumers in a world experiencing substantial changes in media and information spreading. Additionally understanding the reasons why some consumers are willing to use recalled products would better situate brands as to how to disseminate information regarding product recalls. Indeed, the relationship between products attorneys and their clients is instrumental in these recall efforts. Being aware of these types of trends and responding accordingly will likely prove to be crucial for manufacturers to maintain brand loyalty among their customers.

MasterControl Frequently Asked Questions (FAQ)

  • When was MasterControl founded?

    MasterControl was founded in 1993.

  • Where is MasterControl's headquarters?

    MasterControl's headquarters is located at 6350 South 3000 East, Salt Lake City.

  • What is MasterControl's latest funding round?

    MasterControl's latest funding round is Series A.

  • How much did MasterControl raise?

    MasterControl raised a total of $157.5M.

  • Who are the investors of MasterControl?

    Investors of MasterControl include Sixth Street Growth, Paycheck Protection Program and InnoVentures Capital Partners.

  • Who are MasterControl's competitors?

    Competitors of MasterControl include Aizon, Michor Consulting, Amplexor Life Sciences, Ideagen, Qualio and 7 more.

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