Febraury 18, 2014. Phoenix, AZ. AFS Technologies, a global leader in software solutions for the Consumer Packaged Goods industry (CPG), including the Food and Beverage segment, has been acquired by Court Square Capital Partners, a leading private equity firm with over $6 billion under management.
For AFS customers and employees, having Court Square as a financial partner will provide capital to accelerate our investment in current technology and solutions as well as continue to grow through acquisitions. Strategic acquisitions help accelerate our offerings and provide global support for our customers. This investment by Court Square will bring to a close AFS Technologies’ successful partnership with Goldman Sachs’ Private Capital Investing group since 2011. Over the course of Goldman Sachs’ partnership with AFS Technologies, the company expanded its global footprint, completed six acquisitions and became a leading provider of Trade Promotion Spend Management, Retail Execution and Data Visualization solutions in this segment.Kurien Jacob, CEO, AFS Technologies