DEERFIELD, IL – 15 July 2011 – Friedman Corporation, a wholly-owned subsidiary of Constellation Software, Inc. ("Constellation", TSX: CSU) announces that it has acquired Logimax.
Logimax offers full-featured, configurable applications for multi-customer warehouse management markets, including the 3PL sector. Logimax warehouse management software solutions (WMS) support a broad range of industries including dry and cold food storage, automotive and rolled paper, with a customer base across the United States and Canada. Logimax has its office in Jacksonville, FL.
As a result of the purchase, Logimax will become part of Constellation's Friedman Operating Group, and will continue to operate as an independent division of Friedman. Logimax will continue to develop, enhance, and sell WMS software solutions while continuing to provide the highest level of support to their customers.
Eric Herrmann, Chief Financial Officer of the Friedman Operating Group, comments "The acquisition of Logimax complements the Friedman Operating Group's markets and product portfolio. The Logimax product offering will enable us to grow our presence in the distribution, transportation management, and supply chain management market sectors to include warehouse management solutions across a broad range of industries and geographies."
John Manton, Director of Operations for Logimax, adds "This is an exciting development for both Logimax and its customers. The acquisition by Friedman provides us a strong corporate platform and access to resources and expertise which will allow us to improve our product portfolio and extend our market reach, while at the same time providing first-class service to our customers."
About Friedman Friedman Corporation is headquartered in Deerfield, IL and is a wholly-owned subsidiary of Constellation Software. Friedman Corporation specializes in complete ERP solutions for manufacturers and distributors of "make to order" and "engineer to order" products in the building products, capital equipment, and consumer goods sectors. The Friedman Operating Group also has a complementary portfolio of software offerings for transportation management, material optimization, supply chain management and direct-to-consumer distribution.