News
DOWNERS GROVE, IL, and INDIANAPOLIS — Made2Manage Systems has paid $5 million cash to acquire Capri Corp., parent company of ERP software provider Cimnet Systems.
M2M president and CEO Jeff Tognioni said in a press release that the acquisition should help the company expand geographically and strengthen its presence in the PCB manufacturing sector.
Mehul Davé, president of Capri Corp., added that Cimnet customers should not experience any disruption in service delivery, customer support or training during the transition.
The Boards of both companies have approved the transaction, which is expected to close by the end of 2005.
Made2Manage Systems provides ERP solutions for manufacturers across multiple manufacturing industries in the U.S., Canada and UK.
M2M president and CEO Jeff Tognioni said in a press release that the acquisition should help the company expand geographically and strengthen its presence in the PCB manufacturing sector.
Mehul Davé, president of Capri Corp., added that Cimnet customers should not experience any disruption in service delivery, customer support or training during the transition.
The Boards of both companies have approved the transaction, which is expected to close by the end of 2005.
Made2Manage Systems provides ERP solutions for manufacturers across multiple manufacturing industries in the U.S., Canada and UK.
NEENAH, WI -- Plexus Corp. reported fourth-quarter
sales rose 18% to $322.2 million and net income of $10.5 million, reversing a net loss of $37 million last year.
For the fiscal year ended Oct. 1, the EMS firm showed a net loss of $12.4 million on revenues of $1.23 billion. Last year, Plexus reported and a net loss of $31.6 million on revenues of $1.04 billion.
For the fiscal year ended Oct. 1, the EMS firm showed a net loss of $12.4 million on revenues of $1.23 billion. Last year, Plexus reported and a net loss of $31.6 million on revenues of $1.04 billion.
SAN JOSE -- Sanmina-SCI
Corp.'s fourth-quarter profit grew to $15.1
million, despite a revenue slide of 16% to $2.77 billion over last year.
The company took $18.3 million in one-time charges for the quarter.
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