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Double Acquisition Shakes Up Food and Beverage Software Market

Posted on Wednesday, September 03, 2008 4:03:21 PM       Sign Up to receive Daily News Alerts in your E-mail Inbox                            Digg This Article   Add to Delicious

Abstract:AFS takes over Motek, known for its warehouse management products, and IRM, a provider of business intelligence for forecasting and trade promotion.
Keywords:Food and beverage software, food and beverage ERP
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AFS Technologies, a provider of enterprise software for food and beverage companies, announced that it has acquired business intelligence software provider IRM Corp. and Motek Information Systems, a maker of warehouse management systems.

IRM, which targets food, beverage, and CPG companies, offers on-demand as well as on-premise business intelligence, forecasting, and trade promotion management products, while Motek’s warehouse management technology, which utilizes voice recognition and wireless mobile data terminals, is used by manufacturers and processors, as well as third-party logistics providers, including Associated Growers, Federated Co-op, and Four Seasons Produce.

“The acquisition of Motek allows AFS to further enhance its … presence in the warehouse management and 3PL system space in the food and beverage channel,” said Kurien Jacob, AFS chief executive, in a statement.

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