Parsec Founder Among BIG’s 2024 Small Business Executives of the Year

Eddy Azad, founder and CEO, recognized for efforts to make more accessible, impactful manufacturing solutions

Parsec Founder Among BIG’s 2024 Small Business Executives of the Year

Loren Guertin
Matter Communications
parsecpr@matternow.com
(508) 243-6825

Maria Jimenez
Chief Nominations Officer
Business Intelligence Group
+1 909-529-2737
jmaria@bintelligence.com

Parsec Automation (Parsec), the developer of the industry-leading Manufacturing Execution System (MES) TrakSYS™, today announced that CEO and founder, Eddy Azad, has been recognized as the Small Business Executive of the Year in the prestigious 2024 BIG Awards for Business. Hosted by the Business Intelligence Group, this award is designed to shine the spotlight on the unique strengths, achievements, and efforts of companies and their team members. The Small Business Executive of the Year is awarded annually to leaders who are making a significant impact by reshaping their industries and setting new standards for success.

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Eddy Azad, CEO & Founder of Parsec Automation (Photo: Business Wire)

“It is always an honor to be recognized for the decades of hard work that have gone into building Parsec, and I appreciate BIG’s acknowledgment of my role in all of it,” said Azad of the win. “Of course, nothing I’ve accomplished in my time here was an individual effort. A win such as this is a direct reflection of everyone at Parsec. It underscores the veracity of our commitment to excellence and our never-ending mission to make the management of complex manufacturing operations as simple as possible.”

“For 13 years, the BIG Awards for Business spotlight those whose innovative spirit, commitment to progress, and resilience are not only advancing their fields but inspiring a global movement,” said Russ Fordyce, CEO of the Business Intelligence Group. “Congratulations to Eddy Azad for driving forward a brighter future.”

As the founder and CEO of Parsec, Azad has spent over 30 years advancing manufacturing technology. Launched in 1993, Parsec’s MES, TrakSYS, has become essential for manufacturers looking to improve operations and adapt to challenges. Under Azad’s leadership, Parsec has delivered practical solutions by leveraging his industry expertise and commitment to innovation, establishing the company as a trusted leader in manufacturing technology.

About Parsec Automation

Parsec Automation (Parsec) is the trailblazing creator and developer of TrakSYS, a proven manufacturing execution system and solution platform designed to significantly improve manufacturing processes. Consistently recognized by organizations like Gartner and IDC and a winner of numerous awards, including the Data Breakthrough Awards, American Business, and Best in Biz, Parsec exemplifies leadership in the dynamic, fast-paced manufacturing sector. With major companies in verticals such as pharmaceutical, food and beverage, and chemical, leveraging its innovative TrakSYS platform to tackle even the most complex manufacturing challenges, Parsec’s solutions are actively optimizing efficiency, quality, and compliance at over 11,000 plants in more than 140 countries. Committed to customer success and driven by innovation, Parsec continues to fulfill its mission of helping manufacturers maximize asset utilization and efficiency, increase capacity with no new capital equipment, reduce production costs, decrease lead time, and improve profitability.

Parsec is backed by BVP Forge, a $780M fund in partnership with the $20B Bessemer platform that has backed industry-defining businesses such as LinkedIn, MindBody, Procore, Shopify, and Toast. BVP Forge combines Bessemer’s front-line industry insights, proven growth IP, and robust executive network with tailored resources for self-sustaining companies and the ForgeEdge™ operational program.

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.