Agentrics Secures Growth Funding from M. Abuhab Participações
25 August 2008 | News | Source: Agentrics
Agentrics, a leading solution provider to the world’s largest retailers and their trading partners, today announced it secured funding from M. Abuhab Participações (MAP), a Joinville, Brazil-based private holding company with interests in technology and consulting firms. Agentrics pursued the investment to support its shareholder-approved strategy to extend sales and product development beyond its primary market: the world’s leading retailers – many of which are also Agentrics investors.
According to Miguel Abuhab, principal shareholder of MAP, “Agentrics is an established market leader with solutions and services that are highly praised by its customers. The company’s relentless attention to customer service and solution results will parlay well into success beyond the world’s leading retailers.”
Under the terms of the agreement, MAP will become Agentrics’ majority shareholder. Most of the existing shareholders will remain investors as the company continues to leverage insight from its active customer community. MAP was selected among several interested investors due to its expertise in supply chain management and the vision and experience Abuhab brings to help companies develop win-win customer-supplier relationships.
MAP holdings include two Brazil-based firms: NeoGrid, a leading provider of demand and supply chain management solutions, and Datasul, a publicly traded provider of enterprise resource planning (ERP) software and services that recently merged with TOTVS and is now among the world’s top 10 ERP providers.
“Agentrics is ideally positioned to extend globally the offerings of our portfolio companies, such as NeoGrid, which have experienced 50-percent annual growth in Latin America over the past few years,” Abuhab added.
Christopher K. Sellers, Agentrics chief executive officer, added, “Having saved the world’s leading retailers more than $6 billion through better sourcing and supply chain management, we are eager to extend our value proposition to other organizations looking for new ways to increase profitability and business performance. With this investment from MAP, Agentrics now has the funding and financial foundation to serve the interests of the broader retail, consumer goods and industrial sectors worldwide. MAP and its portfolio companies present us with significant value as we enter new markets and expand our offerings.”
Since its founding in 2000, Agentrics has focused primarily on providing its shareholder customers with best-in-class solutions for e-sourcing, supply chain collaboration and private label product management. Agentrics will now extend its offerings to the entire retail industry as well as into new markets such as manufacturing and distribution. These areas hold strong potential for Agentrics sourcing and supply chain solutions as well as its new offerings, which will include solutions for EDI (electronic data interchange), vendor managed inventory, distribution requirements planning, as well as sales and operations planning.
M. Abuhab Participações (MAP) is a Brazilian holding company led by Miguel Abuhab, a visionary entrepreneur with more than 30 years of experience in information technology and business development. MAP holdings include two Brazil-based firms: NeoGrid (www.neogrid.com), one of the leading providers of demand and supply chain management solutions in Latin America, and Datasul (www.datasul.com), a publicly traded provider of enterprise resource planning (ERP) software and services that recently merged with TOTVS (www.totvs.com), the leading ERP firm in Brazil and one of the world’s top 10 ERP providers.
A trusted agent for the global retail and consumer goods industry, Agentrics helps retailers and their trading partners enhance profitability, on-shelf availability and customer satisfaction. Agentrics offers solutions for sourcing, collaboration, forecasting, data synchronization, point-of-sale data sharing and private label product management. Agentrics customers include more than half of the world’s top 25 retailers, which account for more than $1.2 trillion in consumer spending. Since 2000, Agentrics has helped customers save more than $6 billion in costs.
Agentrics customers include Aeon, Ahold USA, Alcampo, Auchan, Best Buy, Canadian Tire, Carrefour, Casino, Coles Group, Coop Italia, Coop Switzerland, CVS/pharmacy, Dairy Farm, Dansk Supermarked Gruppen, Delhaize Group, Diageo, El Corte Ingles, Food Lion, GlaxoSmithKline, Izumiya, KarstadtQuelle, Kesa, Kesko Food Ltd., Kingfisher, Kroger, Lotte, Makro Asia, Manor, Marks & Spencer, Metro Group, Migros, Panasonic, REWE Group, Royal Ahold, Safeway, Sainsbury’s, SCA Hygiene Products, Tesco and Walgreens.
Read about Agentrics in the PLM directory