News 426 views last update:6 Aug 2012

Cargill signs agreement with FMS

Cargill has entered into agreement with Feed Management Systems (FMS) to invest capital that will help accelerate software development. Cargill will invest capital in exchange for a 25% equity stake in FMS with potential for future investment.

In May 2007, Cargill and FMS announced the formation of a marketing alliance and referral program of their software products and processes that support feed management decisions.

"Today's announcement reflects our commitment to the feed industry, collaborating to develop the next generation of software and create new customer value as our industry evolves," says Mark Knief, general manager, Cargill Consulting Services.

"Feed Management Systems is an innovator in developing software solutions for the feed industry," said Richard Reynertson, CEO of FMS. "This investment from Cargill supports our shared mission to create additional value for the feed industry.

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