Vistex acquires myAgri® agro-industrial software expanding solution portfolio, global and localized market presence

HOFFMAN ESTATES, Ill., Oct. 30, 2014 /PRNewswire/ -- Vistex Inc., the global leader in Go-to-Market® solutions that manage pricing, incentive, royalty and channel programs to enhance business results, announced the acquisition of myAgri, which offers a qualified SAP® Business All-in-One partner solution in Colombia for agro-industrial companies. myAgri will be merged into Vistex operations and assume the identity of "Vistex Colombia" to further extend its global software and services offering.

With more than 7 billion people in the world and demand for food projected to double by 2050, it is widely accepted that current production levels will not meet future demands. Businesses across the entire agricultural supply chain are adopting enterprise systems to improve operational efficiencies. "There is an immediate and pervasive need in agriculture to improve back-office support, and increase production throughput and land utilization." said Sanjay Shah, Vistex Founder and CEO.

Agro-industrial companies typically rely on loosely integrated point applications resulting in fragmented and disjointed processes. However, as an SAP-qualified partner solution built on enterprise resource planning (ERP) software from SAP, myAgri streamlines farm and grower management by marrying analytics with the day-to-day needs of field operations. "For far too long the enterprise software industry has overlooked the needs of agro-industrial companies." Shah continued, "myAgri offers our clients a complete and comprehensive solution; simultaneously Vistex is extending its service and support operations."

Vistex recently expanded its in-region support of the agro-industrial market in Africa by acquiring Blueware, the Vistex software and services partner, increasing its serviceability and access in localized markets.

Vistex continues to build out its footprint of world-class customer-centric portfolio and services. The acquisition of myAgri demonstrates Vistex's commitment to offer immediate industry expertise to agro-industrial companies while extending in-region accessibility around the world.

About Vistex

Vistex provides enterprises with solutions that manage pricing, incentive, rebate, royalty and channel programs to enhance business performance while reducing labor and infrastructure costs.  The software and services provided by Vistex are optimized by industry to deliver an end-to-end solution for the design, management and administration of the entire spectrum of Go-to-Market® programs. Enterprises are empowered with unprecedented visibility into program performance, and gain deeper insights to better enable fact-based decisions that drive revenue, control cost, minimize leakage, and streamline processes. For more information, visit www.vistex.com.

About myAgri

myAgri, now fully owned by Vistex, Inc., was founded in 2000 to address agro-industrial company needs. myAgri was designed to serve companies that had been overlooked by the enterprise software industry, and previously relied on loosely integrated point products to support their business. Working with one of Colombia's largest growers, myAgri developed its software to help farmers realize the benefits of a fully integrated enterprise resource planning (ERP) solution. myAgri continually invests in product development, and is dedicated to agro-industrial companies and its customers worldwide. For more information, visit www.myagri.com.

For further information contact:
Alex Dehnert: [email protected] +1 847-490-0420

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SOURCE Vistex Inc.

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