New York, NY (PRWEB) September 14, 2010
dbc SMARTsoftware, Inc. ("dbc"), a leading provider of solutions for the global agriculture and soft commodity markets, today announced that it has further strengthened its offering through the acquisition of Thede Ward Systems, Inc (TWS) the London, Ontario based Agribusiness solutions company.
The acquisition of TWS will extend dbc’s reach both into the Agronomy industry, and also provide industry participants with advanced technology for Customer Self Service portals, including access from mobile devices.
“Our vision is to provide solutions for every stage of the Agribusiness value chain – especially where commodities are transformed or change ownership," said Henry Bonner, CEO, dbc SMARTsoftware, adding: “This acquisition is part of a larger strategic roadmap for complete decision support and commodity management across the business cycle, particularly as the industry becomes more vertically integrated. The TWS team brings over three decades of deep industry knowledge, which combined with dbc SMARTsoftware, offers the most experienced talent pool and leading solutions to the industry.”
Jon Neutens, President of TWS added: “We are extremely excited about this opportunity for our customers. The needs of both the commodities and agronomy sectors have advanced due to increased volatility in the markets and a number of other factors that will impel continuous improvement in both business processes and real-time information management. With dbc, not only will our customers will have access to enhanced risk management tools, but we will have the scale and scope to continue investing in and delivering advanced technical solutions.”
About dbc SMARTsoftware
dbc SMARTsoftware specializes in the development of Commodity Management, Merchandising and Grain Accounting software. With over three decades of expertise in the commodity-agribusiness industry, the company is located just outside of Toronto, Canada, an agricultural, technology, and financial hub.
The SMARTsoft solution specifically includes: Commodity Management with Contracts, Tickets, Advances, Final Settlement, Accruals, Order Logistics, Debit/Credit Memos, Storage, Position Risk Management, Bin Management and Futures & Options. Also included are A/R, A/P, G/L, Financial Reporting, Inventory Costing, Production, Sales Order Processing, Sales Analysis, Purchase Orders, RIN processing, Brokerage and Contracts-Multiple Products.
Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, related operations processing and portfolio management software solutions for the commodity, energy and financial services markets globally.
OpenLink's client base of more than 300 customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds, commodities companies and public utilities.
Headquartered on Long Island, New York and with offices in New York City, Houston, London, Berlin, Vienna, São Paulo, Sydney, Singapore and Toronto, OpenLink has more than 900 employees worldwide.