Infor buys IP rights to process manufacturing software
Infor customers use EVS Process Industry Pack to manage manufacturing specifications and monitor regulations, firms say.
Business software vendor Infor said Wednesday it has bought the intellectual property (IP) rights to an integrated process manufacturing software product made by logistics software provider EVS LLC.
Terms of the deal were not disclosed.
Boulder, Colo.-based EVS sells enterprise resource planning (ERP) and warehouse management system (WMS) software including mobe3, a cloud-based WMS product that uses artificial intelligence (AI) and scenario modeling to improve efficiency, EVS says.
The software product purchased by Infor—called Process Industry Pack—is already in wide use among Infor's enterprise customers in highly regulated industries such as chemical and food manufacturing, according to Infor. Those customers use the software to manage formulas, schedule and build batches based on flexible manufacturing specifications, and monitor and respond to evolving regulatory environments, the company said.
The move is the latest investment in logistics software platforms by Infor, which spent $675 million in 2015 to buy the cloud-based commerce platform vendor GT Nexus, and in 2017 launched an AI-based platform called "Coleman" to support its "CloudSuite" Industrial ERP application.
- Texas food supplier streamlines deliveries with truck-routing software
- UPS' venture capital arm invests in blockchain startup
- Infor lands $1.5 billion investment, prepares to go public by 2020
- Bringg receives $25 million in financing to support growth
- Competition provides glimpse into the future of logistics tech
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Infor buys IP rights to process manufacturing software">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.