The Antares Vision Group Expands Its Software Capabilities Through The Acquisition of rfXcel Corporation packworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from packworld.com Daily Mail and Mail on Sunday newspapers.
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Feb 18th, 2021
Antares Vision, a leading global provider of intelligent Track & Trace, Inspection and Smart Data Management solutions for the Life Science and Food & Beverage sectors, today announced entering into an agreement for the acquisition of rfXcel Corporation (“rfXcel”), a leading US-based Software-as-a-Service (“SaaS”) company, serving the Life Science and Food & Beverage sectors, for an upfront consideration of $120 million on a debt free and cash free basis.
Key Highlights of the Acquisition
rfXcel’s AI-enabled SaaS platform more than doubles Antares Vision Group’s software business and adds high share of contracted, recurring and scalable revenues