Acquires FormulaWare to strengthen position in providing ERP solutions for small, medium businesses
Edison, NJ — November 2, 2005 — 3i Infotech, a global provider of information technology solutions, said it has acquired FormulaWare, a U.S.-based software company that provides a enterprise resource planning (ERP) solution for the process manufacturing industry, with special emphasis on the chemical and paint segments.
FormulaWare Inc. has over 25 years of experience in providing business management software to clients. Through its flagship product, Product Formulation Manufacturing (PFM), FormulaWare combines database technology with software designed to meet the specific requirements of manufacturers of formulated products.
"We believe the acquisition further strengthens our product placement by providing software solutions for the entire range of small- to medium-size enterprises," said V. Srinivasan, managing director and CEO, 3i Infotech. "We look forward to extending our offering to meet the specific enterprise planning needs of the Lubricants, Paints, Inks & Glues process manufacturing industries."