Cargill signs agreement with FMS

03-04-2008 | |

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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