Sunday 9th Aug, 2020

AGI acquires agricultural software provider

Agricultural infrastructure company Ag Growth International (AGI) has acquired an agricultural software provider called Affinity Management.

Affinity was launched in 2007 by Neal Dilawri and offers an enterprise resource planning (ERP) system for growers and agricultural retailers, as well as an agronomy tool.

The ERP software, called Compass, provides full accounting functionality, including management of accounts receivable, accounts payable, payroll, and inventory tracking.

Affinity current has 18 employees, with headquarters in Ontario, Canada, and makes use of accountants to provide bookkeeping services for its customers.

Compass can also act as a central data repository and portal for information sharing with advisors, agronomists, accountants, lenders and insurance providers.

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AGI acquired the company as Affinity’s Compass product suite is highly complementary to the company’s current offering and will be a key component of the AGI SureTrack platform. The transaction was funded by the company’s operating facilities.

Neal Dilawri will take on a senior leadership role with the AGI SureTrack platform and will provide vision and guidance to the platform going forward.

“AGI SureTrack is an independent platform bringing together data across the farm, providing our customers with the ability to manage their crop production, manage their overall business, and market their grain based on content and robust traceability,” said AGI President and Chief Executive Officer Tim Close.

“Compass takes AGI SureTrack to the next level, adding comprehensive ERP capabilities for AGI Dealers and agriculture retailers, and significantly adding to our offering for farmers.

“I am looking forward to working closely with Neal in his new leadership role with AGI SureTrack as we continue to grow this platform. I also want to welcome the entire Affinity team to the AGI family.”