Agile Software Corporation, which provides product lifecycle management solutions, says it is to acquire Prodika, a top provider of PLM solutions for the consumer packaged goods industry, particularly the food and beverage sector.
"CPG is one of the largest untapped PLM markets, and currently has little penetration by packaged PLM solutions," says Jim Brown, vice president of global product innovation and engineering research at Aberdeen Research. "Food and beverage represents a significant percentage of the CPG market, which is showing signs of early adoption of PLM solutions resulting in double-digit improvements in product revenue and cost."
Founded in 1999, Prodika helps consumer packaged goods companies to create, manage and collaborate on critical information related to product design, development and introduction, global product specifications and packaging. By streamlining product development operations across the enterprise and with supply chain partners, Agile says, Prodika helps organizations reduce time-to-market for new products; maximize supplier relationships; manage quality, safety and regulatory requirements; reduce costs of goods sold; and optimize return on R&D and new product investments.
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