About AFS Technologies
WAFS Technologies (AFS) is the only global, end-to-end solutions provider of business enterprise and on-demand software solutions for the Food, Beverage, Consumer Packaged Goods and Supply Chain industries. With over 29 years of industry-leading experience, AFS serves over 1,300 customers of all sizes, in more than 40 countries, with innovative, integrated and scalable products proven to automate processes, streamline data, expand visibility, reduce costs and drive sales growth. To learn more about AFS, view this video or visit www.afsi.com.
About Madison Park Group
Madison Park Group is an investment banking firm focused on advising technology and business services companies on M&A transactions and fundraisings. Madison Park Group has closed over 100 transactions for fast growing companies in a range of sectors including enterprise application software, SaaS, security & infrastructure, new media, digital marketing, eCommerce and tech-enabled services.
December 2, 2014, Phoenix, AZ: Today, AFS Technologies Inc. announced it has completed the acquisition of The POP Company (TPC), the premier provider of cloud-based sales force automation and retail execution solutions with customers in Asia, Australia , New Zealand and Russia.
“This acquisition of TPC and its impressive roster of CPG clients represents a strategic expansion for AFS Technologies in Asia,” said Kurien Jacob, CEO of AFS Technologies. He added, “It will provide additional functionality to AFS Mobile Solutions, rated as one of the best in the world today. TPC offers a premier route optimization solution in the market today, which will be added to AFS capabilities.”
TPC provides AFS with a cost-effective Asian operating center located in Singapore and Shanghai, China. Maarten Buitelaar and Yüan Li Chen, current owners of TPC, will join the AFS senior management team and provide valuable management resources in Asia.
“We thank our clients and colleagues in the company for the great cooperation over the last couple of years” noted Maarten Buitelaar, CEO of The POP Company. “Integrating our people, products, and client relationships with those of AFS and expanding the product portfolio in the important growth markets in ASEAN and the greater APAC region are the next step for us to deliver further value to our clients.”
“Bringing The POP Company into the AFS family helps us further our goal of delivering purpose-built solutions for consumer packaged goods companies to help them drive efficiencies—and ultimately, optimize their profitability.,” said Kurien Jacob, CEO of AFS Technologies.
Madison Park Group acted as the financial advisor to AFS.