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| Amphire Acquires Tibersoft Commerce Product |
| Friday, 16 June 2006 | |
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Redwood Shores, California. – January 30, 2006 – Amphire® Solutions today announced the acquisition of the Tibersoft Commerce business to enhance its position as the leader in internet ordering between foodservice, institutional and retail operators and their distributor trading partners. The agreement between Amphire and Tibersoft includes the transfer of Tibersoft’s entire distributor and operator ordering platforms, Tibersoft Commerce and Tibersoft Buyer, including all customers and intellectual property. The Tibersoft Commerce product to be offered by Amphire will be called Amphire Commerce. Terms of the deal were not disclosed. “The acquisition of Tibersoft Commerce is another important step in the execution of Amphire’s growth strategy,” said Mark Barnekow, President and CEO of Amphire. “Ten years ago, Tibersoft had a trailblazing vision of supply chain order entry between businesses using the internet. Since then, Tibersoft has developed an impressive list of distributors and operator users. Meanwhile, over the last 5 years, Amphire has developed huge momentum in growth of its own customer and user base. Amphire is enthusiastic about acquiring the Tibersoft Commerce business and increasing the number of distributors and users which adds velocity to our rapid growth in the foodservice industry.” Barnekow continued, “Our objective with this acquisition is to deliver high quality solutions, which establish a clear return on investment to the supply chain, and establish Amphire’s unquestionable market dominance in foodservice. No other company can claim such significant support of real-time electronic activity in the foodservice trading community.” “Tibersoft’s strategic focus is to provide data management and analytical services to operators and manufacturersin the foodservice supply chain,” said Keith Enstice, President & CEO of Tibersoft. “Our success in the space dictates that we not stray from this focus. Transaction based systems such as Commerce, are no longer part of our direction. Amphire’s reputation and experience in this area make them the perfect choice for a seamless transition for our customers.” About Amphire Solutions, Inc. Amphire is a provider of information management, data synchronization and Internet-based supply chain optimization solutions serving foodservice, consumer packaged goods, janitorial and sanitation, and paper and industrial packaging trading communities. Compliant with emerging supply chain standards, Amphire’s solutions allow enterprises to address fundamental supply chain challenges such as global data synchronization, product information management, RFID (Radio Frequency Identification), transaction management, contract master standardization, contract compliance, promotions and rebate management, reporting and analytics, and supply and demand forecasting with configurable and user friendly web-based solutions. For more information, please visit www.amphire.com. About Tibersoft Corporation. Tibersoft provides timely, accurate product movement data to the foodservice industry. By working closely with all the supply chain participants, the company enables operators and manufacturers to both form and grow tighter and more transparent relationships. Tibersoft’s subscription-based data management and analytical services are helping leading operator accounts including The Cheesecake Factory, Buffets, Inc., Aramark, Five Star, Marie Callender’s, Valley Services, Delaware North Corporation and dozens more to manage and leverage their purchasing activity. These same technology services are making it possible for our manufacturer customers to enjoy a level of visibility into the sale of their products to key operator accounts through their distributors, thereby enabling the manufacturers to optimize their sales, control trade spending and reduce contract compliance problems. For more information, please visit www.tibersoft.com. Contact Information: Amphire Solutions, Inc. |
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