LOS ALTOS, Calif., Nov. 1, 2012 /PRNewswire/ -- Frequentz, a leader in real-time traceability and information management software, has entered into an agreement with IBM Corporation to acquire the assets and expert resources of IBM's InfoSphere Traceability Server (ITS) Software. The transaction closed on September 30, 2012. Financial terms were not disclosed.
"We are very pleased with the deal reached with IBM and see it as an opportunity to drive business analytics built on serialized, event life history. Acquiring the assets and expert resources of IBM InfoSphere Traceability Server and combining it with Frequentz's Data Traceability Server, customers will see highly advanced capabilities in the areas of traceability, asset management, and data analytics," said Michael Lucas, CEO of Frequentz.
ITS with its ePedigree and Returnable Container Management (RCM) features will be integrated with Frequentz's Data Traceability Server. Frequentz will further strengthen these features and develop additional applications, expanding serialized data analytics to multiple market verticals.
Whether tracking the integrity of raw materials, monitoring quality assurance or performing analysis on distribution, Frequentz's Data Traceability Server provides a vast trove of actionable intelligence. With the acquisition of the ITS software, Frequentz will now be able to provide customers with powerful technology that allows insight into every aspect of their operation--from meeting compliance and fine-tuning business processes, to improving customer interactions.
Frequentz is a leader in comprehensive traceability and information management technologies that improve productivity, product quality, and profitability. Its solutions provide valuable insight into end-to-end supply chains, and critical business processes by collecting, storing and analyzing serialized, life history data. Applications of its software are currently used in the agricultural, pharmaceutical, retail, and automotive industries, and in nearly a dozen countries worldwide.
For more information visit: www.frequentz.com, or contact Glen Wellbrock directly at 858.461.4417.