April 4, 2008

Cargill signs agreement with FMS for software development

Cargill announced that it has entered into an agreement with Feed Management Systems (FMS) to invest in the acceleration of software development.

Cargill will invest capital in exchange for a 25 percent equity stake in FMS with potential for future investment.

In May 2007, Cargill and FMS announced the formation of a marketing alliance and referral program of their software products and processes that support feed management decisions.

Mark Knief, general manager, Cargill Consulting Services, said that the venture would develop the next generation of software and gain new customer value as the industry evolves.

Richard Reynertson, CEO of FMS, said the investment from Cargill supports the company's shared mission to create additional value for the feed industry.