September 3, 2008
AFS Technologies Acquires Motek
AFS Technologies, Inc., the leading provider of technology solutions to the food and beverage channel, announced today that it has completed the acquisition of 100% of the shares of Motek Information Systems, Inc., the provider of Priya(R), the award-winning Warehouse Management System (WMS) used by a number of the food and beverage industry's leading manufacturing and distribution companies.
With the Motek acquisition, AFS Technologies now provides more than 750 customers in the food and beverage manufacturing, processing, and distribution segments with a broad solutions-portfolio tailored specifically to unique needs of the channel. This modularly-designed system offers solutions for Distribution, Sales & Marketing, Financials, Processing, Warehouse Management, Transportation, E-commerce and Database Services featuring the industry's largest database of product information and recipes, the PROFILE(R) Database.
"The acquisition of Motek allows AFS to further enhance its already-powerful presence in the Warehouse Management and 3PL System space in the food and beverage channel," stated Kurien Jacob, Chief Executive Officer of AFS Technologies. "The additional functionality available within the Priya(R) system ensures that AFS will continue to offer its customers the most comprehensive, 'best-of-breed' WMS solution available in the F&B industry."
"AFS' acquisition of Motek helps us overcome the main objection we get during our sales process - that we are too small. With the leadership position that AFS has in the food and beverage segment, this will no longer be a constraint," said Ann Price, President and Chief Executive Officer of Motek. "We have built Motek from the ground up by providing our clients with state-of-the-art WMS products that have steadily evolved and improved over the years. AFS' ability to leverage its resources ensures that the pace of penetration in this segment will accelerate. Our existing customers will benefit from the increased resources available for development and technology upgrades."
"All of us at AFS are committed to continuing to provide our customers in the food and beverage channel with the most complete portfolio of state-of-the-art technology solutions available, all tailored to address the specific needs of our customers involved in the food and beverage supply chain," added Walter Barandiaran, Chairman of AFS Technologies. "The Motek acquisition underscores that commitment to product leadership and innovation, especially in the WMS space."
About AFS Technologies, Inc.
AFS Technologies Inc. is the leading provider of software solutions for the food and beverage industry. The company serves over 750 customers across North America and the Caribbean with solutions designed to reduce costs, increase efficiency, increase sales and margins, streamline internal processes and assist in regulatory compliances. AFS offers the industries only complete end-to-end software suite utilizing service oriented architecture (SOA) and the Microsoft .NET framework. This unique modularly designed system offers solutions for Distribution, Sales & Marketing, Financials, Processing, Warehouse Management, Transportation, and Database Services featuring the industry's largest database of product information and recipes, the PROFILE Database. For additional information please visit our website: www.afsi.com.
About Motek Information Systems, Inc.
Since 1989, Motek has been developing cutting edge Supply Chain Execution software solutions to help businesses streamline their warehousing and distribution operations. The company's innovative use of intelligent hand-held radio frequency mobile computers in a true client/server architecture takes mobile computing and warehouse management to a new level of performance. This mobile client approach makes Priya(R), the award-winning Warehouse Management System (WMS), a truly scalable solution.
Priya(R) is a highly-configurable WMS solution uniquely designed to allow users to accommodate changes in their business processes or changing customer requirements.