PR Log (Press Release) –
Oct 14, 2009 – Yesterday, October 13th at 3:26 PM, IQS, Inc. and its President and CEO, Michael Rapaport, sent out what appears to be a mass email to IQS customers stating “As you may know, John Cachat, former chairman, left IQS to seek other opportunities.”
The email, with the subject title ‘IQS Fall Update,’ was obtained by Cachat when a copy was forwarded by a concerned IQS customer at 3:44 PM. Cachat felt compelled to issue a press release to communicate the truth. “I worked with a lot of the existing IQS customers and I do not want them to think that I cashed out and abandoned them. This was not my idea. I was terminated,” stated Cachat.
IQS, Inc. (www.iqs.com) was founded by John M. Cachat over twenty years ago. The company is in the business of software development and sales which addresses quality assurance, quality control, inspection and business performance software systems in manufacturing companies. Over the history of the company, Cachat was personally involved with several large customers, including: Eaton Corporation, Parker Hannifin, MTD Products, Shiloh Corporation, the US Food and Drug Administration (FDA), ABB, PolyOne, Alcoa, and a host of small business that relied on IQS’ expertise, advice, and world class customer service.
“IQS used to be more than a software vendor. IQS used to be a trusted advisor. I was unwilling to ignore my fiduciary responsibilities to the minority shareholders and put aside my personal feelings about the core philosophy and culture that made IQS successful. I still care a lot for the IQS employees and customers,” stated Cachat. Cachat has filed a lawsuit against the company, IQS, Inc., the IQS Board Members and Apex Venture Partners (www.apexvc.com). Apex is a Chicago based venture capital fund.
Cachat will be announcing on November 3rd, 2009, when the business restrictions on him from IQS will expire, about his plans for starting a new business. Cachat has spent the last year researching marketplace needs and determining the next generation technology to support business process improvement efforts. Cachat has set up several means for the marketplace to contact him, including: FaceBook, LinkedIn, and his personal blog at http://johncachat.blogspot.com. He can be contacted at jmc@johncachat.com or via his website www.johncachat.com.
About Cachat & Associates - Cachat & Associates specializes in showing organizations how to use operational excellence as a strategic weapon. We do this by helping with leadership, teamwork and problem solving. The results are continuous improvement throughout the organization by focusing on the needs of the customer, empowering employees, and optimizing existing activities in the process.
