Avantcé Software Completes Acquisition of Radcliffe, Inc.
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Toronto, Ontario - March 1, 2007 - Avantcé Software announced today that it has completed the acquisition of Radcliffe, Inc., a provider of Warehouse Management Solutions that optimize and enable supply chains. Radcliffe will be combined with Robocom Systems International, Avantcé's existing supply chain execution portfolio company.
"The combination of Robocom and Radcliffe creates a Supply Chain Execution Software provider that is exceptionally well positioned to serve its customers," said Jon Scheumann, a Managing Director of Avantcé. "The need for effective, well-proven solutions to manage complex distribution environments continues to grow in importance for our customers. The addition of the Radcliffe people and products with Robocom significantly enhances our ability to meet those needs."
Aivars Lode, the CEO of Robocom said "We spend a terrific amount of time talking with our customers about their current and future needs. We believe that the addition of the Radcliffe Leadership Team and the Radcliffe Product Set will allow us to address more of those needs. Radcliffe's strength in the Third-Party Logistics and Food & Beverage Markets along with the ROC WMS, Labor Management, WebStore and Transportation Management products are significant additions to our capabilities. Our ability to provide Supply Chain Execution Solutions has been significantly expanded with this acquisition."
Fred Radcliffe who will be joining the company as President said "By joining with Robocom we are taking a significant step forward in enhancing our capability to serve our customers. As a combined company with Robocom we are more than doubling the size of our organization, adding new skills and dramatically expanding the products we can provide our customers."
The combined customer list includes over 100 companies and nearly 200 installations. A sample of the combined customer list includes Smithfield Foods, Conagra-Swiss Rose, Pennsylvania Liquor Control Board, Parmalat Canada, Moen, Federal Aviation Administration, Liquor Control Board of Ontario, Hansa Mertens B.V., U.S. Army-Fort Polk, , Nestle Foods, GE Lighting Systems, Nestle Canada, Eaton Corporation (Aeroquip), NB Liquor Control Board, Pero Fresh Produce, Exxon/Mobil Corporation, Exel Logistics, Shaws Supermarkets, Distribuidora Metropolitana, CME Wire and Cable, Cadbury and Uponor Finland.
About Avantcé
Avantcé Software is a private investment company focused on investments in the Information Technology industry. Avantcé's investment strategy is to purchase equity interests in companies and apply additional capital for growth opportunities and consolidation acquisitions.
The Principals of Avantcé have a collective experience of over 60 years in the software and professional services industries and have participated in more than 40 successful transactions. Leveraging this experience, Avantcé is focused on additional acquisitions within the software industry. For more information, please visit www.avantce.com.
About Robocom Systems International
Robocom has helped companies adapt to changing requirements and achieve supply chain excellence since 1982. Our solutions reduce costs, increase productivity, enhance inventory visibility and improve customer satisfaction throughout the entire supply chain. Unique to our approach is the high level of personalization our customers achieve without the burdensome cost of customization. Whether your requirements include an RFID enabled Warehouse Management System or Event Notification, your project will be delivered on time and on budget. For more information see www.robocom.com
About Radcliffe, Inc.
Radcliffe is a supply chain execution software and services company that always delivers positive, predictable results. Founded in 1991 as a WMS software development company, Radcliffe has evolved into a full service supply chain software and services firm.
The flexible and efficient suite of supply chain execution software includes warehouse management, third party logistics enterprise solutions, labor management, transportation management and wireless extensions such as RF, RFID and voice.
Our experience covers a vast range of vertical markets including food, beverage, third party logistics, tire distribution, consumer and industrial products, and manufacturing. With offices in Toronto and Minneapolis, Radcliffe has established a strong client base throughout the United States and Canada. For more information see www.radcliffeinc.com
