EFC Systems, Inc. announced it has signed an agreement for the purchase of AgJunction Inc.'s Cloud Services division.
EFC Systems is a provider of work-flow solutions for both agricultural retailers and wholesalers. Adding precision agronomy software applications to EFC's portfolio expands their retail offering, and the ability to be a single vendor solution for Agri-Business Retailers.
"At EFC Systems, our vision is to provide integrated ERP and Precision Agronomy Solutions to our clients, said Ernie Chappell, Founder and President of EFC Systems. "Agricultural retailers continue to express the desire for a solution that works across their accounting system, supply chain and agronomy centers, and we are very excited to be adding this platform to our suite of products, he added.
"With our existing product solution, our goal has always been to improve operational efficiencies, provide cutting edge decision and analysis tools and to bring a superior level of service to our customers. Our move to the EFC Systems team will only strengthen those core values and allow us to bring a whole new level of product solutions to our customers. said Devron VonGunden, Manager, Precision Agronomy Solutions at EFC Systems.
AgJunction's Cloud Services division employs 15 people and generated revenue of $2.4 million in 2014. It operates in State College, PA where it supports over 2,000 agricultural retail locations through its suite of precision agronomy software. The transaction has been finalized and all Cloud Services business activities and related costs have been transferred as of April 1, 2015. All 15 employees of AgJunction Cloud Services have joined EFC Systems.
"Over the past two years, by prioritizing our resources, we have successfully positioned our business around our core strengths in machine control, stated Rick Heiniger, President and CEO of AgJunction. "Under its new ownership, the Cloud Services Division can better receive the necessary level of resources dedicated specifically toward agricultural software.