24Jan 2012

Marcum Cronus Partners LLC (Marcum Cronus) is pleased to announce it acted as the exclusive financial advisor to Agentrics in merging the PLM Business Unit of Agentrics (Agentrics-PLM) with Trace One, creating a global leader in collaborative platforms for the development of private label products. By optimizing their quality and security, the merger will help to accelerate the development of private label products for more than 12,500 manufacturers, as well as 31 large retailers, connected to Trace One-Agentrics-PLM.

The Chief Executive Officer of Agentrics NeoGrid, Andre Ghignatti, and the Head of the PLM Business Unit, Daniel Dias, commented: “In an industry that continues to consolidate and grow, the combination of the two companies and their existing customers will create one of the world’s strongest, best-of-breed software solution providers focused on product lifecycle management and, at the same time, allow Agentrics NeoGrid to become even more focused on supply chain and strategic sourcing solutions.”

Alan Canzano, Managing Director of Marcum Cronus, added, “We are proud to have played an instrumental role in the creation of a global player in PLM software, with operations spanning North America, Europe and Asia Pacific. We expect to see continued, targeted consolidation across the retail technology landscape as key vendors combine to create deep, scaled and meaningful best-of-breed alternatives to the end-to-end suite vendors.”

Agentrics was created in 2005 from the merger of Worldwide Retail Exchange (WWRE) and GlobalNetXchange (GNX), two enterprises created on the initiative of retail enterprises for developing the efficiency of commercial practices. In September 2008, Agentrics was acquired by NeoGrid, one of Brazil’s leading SaaS-based supply chain management businesses. Founded in 2000, Trace One is the European leader in cloud collaborative platforms for retailers and manufacturers in the CPG (Consumer Packaged Goods) sector. The new group is composed of 250 employees in 13 countries worldwide.

About Marcum Cronus Partners

Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Marcum Cronus Partners is an investment banking firm that provides financial advisory and investment banking services. The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. Marcum Cronus services are distinguished by a disciplined evaluation of client objectives and competencies and a commitment to the successful execution of strategic corporate transactions. A member of the Marcum Group, the firm is an affiliate of Marcum LLP, one of the largest independent public accounting and advisory services firms in the U.S. (with 23 offices and more than 1,100 professionals).

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