Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: MVI Technology
Edited by the Manufacturingtalk Editorial
Team on 26 December 2003
MVI Technology acquires Portico
Software's assets
Manufacturing software company MVI Technology has acquired the "Production Analyser" business intelligence and process automation software intellectual property from Portico Software.
Manufacturing software company MVI Technology Limited formally announces its acquisition for an undisclosed amount of the "Production Analyser" business intelligence and process automation software intellectual property from Portico Software (in liquidation) For use in real time performance monitoring, the software reduces changeovers, energy bills and identifies and corrects performance issues as they arise
This article was originally published on Manufacturingtalk on 14 Jun 2004 at 8.00am (UK)
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Mark Sutcliffe, Chief Executive of MVI Technology commented: "the Production Analyser software represents a great fit within our market leading lean-factory software and will enhance our offering to the Packaged Consumer Goods and Food Manufacturing sectors both in the UK and overseas." Bill Venables of Bromford Iron and Steel, one of the first installations, enthused, "We are now in a position to produce comparable volumes in around 20% less time.
The software is incredibly simple to use and without these efficiencies we would not be in business".
Steve Hudd, former Chief Executive of Portico Software and now Director of MVI Technology added: "The deal with MVI Technology provides the vital data-capture and data historian link necessary to populate the Production Analyser OLAP engine, not only with production run data from automated systems but also taking into account the vital human context necessary to identify cause and control improved performance going forward." Simon Girling of Numerica's Bristol based Business Recovery Group, acting as Portico's liquidators, concluded: "The MVI team put in an impressive and compelling case for the purchase of the software IPR.
We believe that the creditors and investors in Portico will soon see the benefit of MVI's acquisition.".
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