CAI acquires Integrated Management Solutions, Food Connex
Smithfield, Rhode Island-based Computer Associates (CAI), which offers enterprise resource planning software to the seafood industry, has acquired Integrated Management Solutions, developer of the Food Connex business management software.
CAI, located in Smithfield, Rhode Island, is the developer of Seasoft ERP Software, which is in popular use by seafood processors and distributors. The transaction closed on 19 January, 2018, and financial terms of the transaction were not disclosed.
“The acquisition of the proven Food Connex software complements and strengthens our existing suite of business solutions, and broadens our footprint in the protein and seafood distribution vertical by providing a solution for smaller scale businesses,” CAI President and CEO James H. McCooey said in a press release.
Based in Furlong, Pennsylvania, Integrated Management Solutions’ Food Connex is cloud-based and on-premises order, inventory, and financial management software designed for distributors and processors in the food industry.
“The entire Food Connex team is genuinely excited to join CAI’s growing family of companies,” Integrated Management Solutions Executive Vice President Paul Hernandez-Cuebas said. “CAI is a well-respected and established company in the food processing and distribution vertical. Together we have the ability to apply additional resources to develop enhanced solutions for our customers and continue to provide the same high-quality support that they’ve long enjoyed. We are absolutely thrilled at the opportunities this transaction represents for both our customers and employees.”
Integrated Management Solutions will continue to maintain its sales and development facility and offices in Pennsylvania and operate as IMS Software LLC, and Hernandez-Cuebas will continue in his role at the company, according to the press release.
In an email to SeafoodSource, CAI Director of Marketing Tom Spillane said that while the company’s Seasoft software is primarily targeted at the large- scale, more sophisticated processors and distributors, Food Connex would help the company provide a solution for the lower end of the market.
“[The acquisition will] give our seafood customers more choice when it comes to the right solution for their business,” he said.
CAI previously acquired MultiProcess Computer LLC, a provider of enterprise document archiving and retrieval solutions, in June 2017.