CommercialWare Acquired by Datavantage
Capital Resource Partners completed the sale of CommercialWare, Inc. to Datavantage, a subsidiary of Micros Systems. The sale did not include CommercialWare's subsidiary, OrderMotion. Headquartered in Natick, MA, CommercialWare will operate as a division of Datavantage. Serving a combined customer base of over 400 brands and retailers, CommercialWare and Datavantage will share and deliver complementary solutions to many common customers.
CommercialWare is the leading provider in cross- channel retail software solutions. CommercialWare's extensive cross-channel and direct-to-consumer offerings will be integrated into the Datavantage product line enabling retailers to benefit from the efficiencies and results of synchronized channels delivered from a single solution provider.
CRP-IV invested in CommercialWare in 2000 as part of an expansion financing. Since the original investment, the Company has substantially grown its customer and technology footprint.
Ardence Posts Record Sales of Market-Leading RTX Software
Leading embedded software developer Ardence, Inc., announced today that fourth-quarter sales of RTX, its flagship software product, reached a record high as the company increased its RTX customer base and penetrated new markets.
RTX, which provides unmatched control of Windows embedded operating systems, said significant enhancements to RTX drove the 60% increase over its previous best quarter and spurred greater demand in its key markets - industrial automation, military/aerospace, simulation, test and measurement, robotics, and medical devices. Ardence also saw measurable growth in precision control, telecom, and automotive.
"Most importantly, we listened to our customers and to the market. We worked hard to understand their pain and that enabled us to address key challenges. We hired key people that gave us additional expertise and have built a product that accomplishes our customers' objectives better than any other," said Stephen Woodard, Senior Vice President of Global Operations at Ardence.
"Our record 4th quarter sales of RTX is proof that we've set the right course, and we're continuing to dig deeper into our customers' challenges and are adding more functionality and capability that will add value for customers and strategic partnerships. That's how we will continue to grow market share and expand our global reach."
CRP Invests in TVR Communications, LLC
Capital Resource Partners V has recently completed a $10 million investment in TVR Communications, a developer and single-source supplier of interactive television systems, television and telephone rental programs, and audio/visual products and services to the healthcare industry. The Company's solutions provide hospitals with a source of revenues, an easier way to fulfill patient education requirements, and increased patient satisfaction.
Spir-it Brands Sold to Prospect Partners
Capital Resource Partners completed the sale of Spir-it Brands to Prospect Partners, a Chicago based private equity firm. Spirit Brands, best known for its custom Swizzle Sticks, is a leading manufacturer and marketer of specialty and customized disposable plastic serving products sold worldwide through foodservice and specialty advertising distributors, restaurant chains, casinos, nightclubs and bars. Capital Resource Partners' third fund invested $10.0 million in Spir-it in 1998 and 1999 to acquire the business and facilitate its acquisition strategy. In 1999, Spir-it acquired its primary competitor, ZooPiks. Since the original investment, Spir-it substantially improved its manufacturing processes through "lean" implementation.
Softbrands’ Common Shares Begin Trading on American Stock Exchange
In December 2005, SoftBrands, Inc. common stock was listed by the American Stock Exchange under the ticker symbol SBN.
"SoftBrands is very pleased to begin trading today on the American Stock Exchange," said George Ellis, SoftBrands chairman and chief executive officer. "This will provide more liquidity for our stock and increase our awareness with the investment community."
SoftBrands, Inc. is a global leader in providing solutions for small- to medium-sized businesses in the manufacturing and hospitality industries worldwide. With more than 4,000 customers in over 60 countries now actively using its manufacturing and hospitality products, SoftBrands has established a global infrastructure for distribution, development and support of enterprise software. The company, headquartered in Minneapolis, Minnesota, has more than 550 employees with branch offices in Europe, India, Asia, Australia and Africa. Additional information can be found at.
CommercialWare Leaps to #11 in 2005 RIS Leaderboard
CommercialWare, Inc. (www.commercialware.com), the leading provider of cross-channel commerce infrastructure solutions for retailers, was named #11 in the sixth annual RIS Leaderboard survey of the best retail software vendors.
Driven by Top 10 rankings in 11 of the 12 categories that make up the annual survey, CommercialWare earned its ranking based upon customer evaluations of performance in key retail categories. In those areas, CommercialWare placed second in Overall Performance, Strategic Value, Ease of Upgrading, and Administration and Maintenance.
The RIS Leaderboard, which has become "more of an exclusive club" after an active year of mergers and acquisitions, is a who's who of the retail software industry, from niche players to some of the largest software companies in the world.
"The multi-year rise of CommercialWare in the Leaderboard speaks volumes about how well the company is meeting its customer's expectations through delivery of products and services," said Joe Skorupa, Group Editor-in-Chief of RIS News (www.risnews.com). "Customer satisfaction is at the heart of Leaderboard rankings and companies that are at the top of the list are clearly leaders in meeting retailer needs."
In Overall Performance, which the RIS Leaderboard describes as a measure of "how well a vendor has delivered a useful functionality," CommercialWare rated #2. CommercialWare grabbed the same potion in Strategic Value, the ability to "deliver a solution that performed well relative to its cost."
"Such strong recognition from our customers and the marketplace validates our commitment and ability to deliver the products and services cross-channel retailers require every day," said Donny Askin, founder and CEO of CommercialWare. "We are thrilled with inclusion in so many Top 10 ratings as it demonstrates our end-to-end commitment to help our customers realize the value of cross-channel retailing."
In each of the categories, CommercialWare's rating among the 45 companies was: -0- *T #2 in Ease of Upgrading, #2 in Administration and Maintenance, #5 in Return on Investment, #7 in Retail Concentration, #7 in Customer Satisfaction and Recognition, #7 in Quality of Service, #7 in Ease of Installation, #8 in Total Cost of Ownership, and #10 in Ease of Integration. *T
The rise to #11 is the third consecutive year that CommercialWare has improved its standing in the RIS Leaderboard. Last year, CommercialWare was #16, up 25 places from its debut in 2003 at #41.
To create this year's survey results, more than 200 retailers submitted in excess of 500 vendor reviews with over 90 vendors involved in the research process.
Merrimack Pharmaceuticals to Present on Infotrieve’s E-Lab Notebook at Upcoming Lab Informatics Conference
Infotrieve, Inc., (www.infotrieve.com) today announced that Merrimack Pharmaceuticals, Inc. is scheduled to present the Infotrieve/ELN electronic laboratory notebook as part of their presentation titled "Software Essentials for Systems Biology" on February 1, 2006, at the upcoming Laboratory Informatics conference in San Diego, California. The conference is produced by the International Quality and Productivity Center (IQPC). Brian Harms, Ph.D., a Senior Scientist from Merrimack, will be presenting.
"Software Essentials for Systems Biology" will provide conference attendees with an introduction to software tools that enable systems biology which will include an overview of the applications and benefits of the Infotrieve/ELN Electronic Laboratory Notebook. Dr. Harms will show how Merrimack uses the Infotrieve/ELN, the MathWorks Simbiology environment and Teranode's Protocol Modeler in concert to advance Merrimack's research.
"The Infotrieve/ELN is an ideal electronic laboratory notebook solution for biotech companies like ours," said Dr. Birgit Schoeberl, Merrimack's Director of Network Biology. "The Infotrieve/ELN offers robust data storage, enables rapid and secure data searches, and supports biologists as well as chemists."
Merrimack has been an Infotrieve customer since 2003. A case study on Merrimack's use of the Infotrieve/ELN can be found online at http://www.infotrieve.com/casestudies.
For more information about Infotrieve or the Infotrieve/ELN, please contact Infotrieve's Director of Marketing, Ian Palmer, by phone at +1 310-445-3038 or via e-mail at firstname.lastname@example.org.
Softbrands – Fourth Shift Edition for SAP Business One Now Available in the United Kingdom, Republic of Ireland and South Africa
MINNEAPOLIS, Jan. 4 /PRNewswire-FirstCall/ -- SoftBrands Inc., a global leader in next-generation enterprise software for manufacturing and hospitality businesses, has released a new version of its SAP-centric ERP system, Fourth Shift Edition for SAP Business One. Version 8.2 builds upon previous versions with localizations for the United Kingdom, the Republic of Ireland, and South Africa. The new version also includes enhanced functionality for pricing and discounts for sales orders, as well as the new Fourth Shift Edition software development kit.
"As we continue to develop our Fourth Shift Edition solution, we are expanding our global footprint to support manufacturers worldwide, including SAP-centric multinationals with plants spread across many geographies," said Ralf Suerken, senior vice president and general manager of manufacturing for SoftBrands. "We have long-established and very capable direct and indirect networks in the UK, Ireland and South Africa, and we're excited to offer Fourth Shift Edition into these markets starting today."
Fourth Shift Edition for SAP Business One reinforces its commitment to openness, interoperability, flexibility and control with version 8.2, which provides users with a new FSE software development kit. The SDK, which is a .NET framework, allows users to easily import data into the Fourth Shift Edition system from a variety of sources. Users are empowered to use and create specialized products that connect with FSE, extending its ERP capabilities through seamless links to other systems.
"Many of our customers have point solutions that are specialized to their specific needs, and they want to integrate them with Fourth Shift Edition," Suerken said. "The SDK allows them to do just that, and our customers will be thrilled with how easy it is to use."
Fourth Shift Edition 8.2 also includes new functionality that extends FSE to include both price lists and special prices for items. Instead of using one price per item, the new functionality allows for unit-pricing flexibility by price list or by discount structure. FSE 8.2 also includes customer-level discount functionality for sales orders, allowing discount rates to be applied to entire sales orders rather than individual items.
Fourth Shift Edition for SAP Business One combines strong manufacturing functionality, integrated with the strength and security of SAP, a worldwide leader in business application software. Fourth Shift Edition provides small and midsize manufacturers with a modular, manageable and affordable solution that offers the best of both Fourth Shift and SAP, and a scalable investment to meet future needs.
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