CALGARY, Alberta—Sylogist Ltd, a Calgary, Alberta-based technology company which offers logistics and supply chain integration software is taking over a Canadian rival.
The company is purchasing Richmond, British Columbia-based Epic Data International Inc. Epic Data produces software and hardware solutions designed for data collection and operations management in discrete manufacturing and warehousing control.
The $5 million deal will see Sylogist acquire 100 percent of Epic Data shares, its enterprise application software, and its customer contracts and relationships. What won’t be transferred is Epic Data’s Chinese business. That will become the property of a newly formed company, Epic Fusion Corp, which will be operated by Epic Data’s current senior management.
Jim Wilson, Sylogist’s president and CEO explained why he feels the acquisition is good for Sylogist.
“Epic Data is a well-recognized competitor to Sylogist in the enterprise application software field, with its manufacturing execution systems, data collection platform software, warehouse management application software and shop floor terminals, such as its recently unveiled UniView rugged tablet for mobile and shop floor applications. This acquisition is highly strategic and synergistic, giving us expanding operations in Canada, the United States and Europe, the addition of Epic Data’s Fortune 500 customer base to our own and a significantly enhanced technology platform.”
The transaction is expected to close on July 1, 2013.