Acquisition targets process manufacturing market

Edited by the Processingtalk editorial team Nov 4, 2005

The acquisition of FormulaWare enhances the 3i Infotech position in providing ERP solutions for small and medium businesses in the chemical and paint segments of the process manufacturing market

3i Infotech, a global provider of information technology solutions, has acquired FormulaWare, a US-based software company which provides a robust Enterprise Resource Planning (ERP) solution for the process manufacturing industry, with special emphasis on the chemical and paint segments.

FormulaWare has over 25 years of experience in providing business management software to clients.

Through its flagship product, Product Formulation Manufacturing (PFM), FormulaWare combines state-of-the-art database technology with advanced software designed to meet the specific requirements of manufacturers of formulated products.

"We believe the acquisition further strengthens our product placement by providing software solutions for the entire range of small to medium-size enterprises," said Mr V.

Srinivasan, Managing Director and CEO, 3i Infotech.

"We look forward to extending our offering to meet the specific enterprise planning needs of the Lubricants, Paints, Inks and Glues process manufacturing industries".

"By combining resources with 3i Infotech, FormulaWare can leverage the financial resources of a world-class software company to continue its aggressive approach to further improve and develop its ERP software solution, PFM," said Daniel Hart, President of FormulaWare.

"Additionally we have now provided our existing customers and prospects with a facilitated software migration path to support future growth and expansion".