HOLMDEL, N.J.--(BUSINESS WIRE)--Eyelit Technologies (Eyelit), a leader in optimized planning, scheduling, and execution systems for manufacturers, today announced the acquisition of Adexa, a global provider of AI-driven supply chain and enterprise business planning solutions. This acquisition strengthens Eyelit’s ability to offer end-to-end smart factory solutions.
"We are thrilled to welcome Adexa to the Eyelit family," said Joe Bellini, CEO of Eyelit. "Adexa's expertise in AI-driven supply chain management enhances our ability to offer customers an integrated approach from planning to scheduling to execution. Together, we are uniquely positioned to help manufacturers optimize their factory and multi-factory operations."
Adexa specializes in bridging the gap between stakeholders and optimizing supply chain management (SCM) through real-time insights and advanced planning technologies. By joining forces with Eyelit, Adexa will expand Eyelit's proven track record in smart factory solutions to enhance its offering further, providing customers with a seamless and more comprehensive platform for manufacturing and SCM.
Cyrus Hadavi, Founder and CEO of Adexa commented, "Joining Eyelit is a natural step in our mission to empower businesses with smarter, more agile planning solutions. By combining our strengths, we can offer manufacturers an unparalleled suite of tools that integrates planning, scheduling, execution, and real-time visibility, ultimately driving greater business performance."
Banneker Partners (Banneker), Eyelit’s private equity partner, endorsed the acquisition as a strategic move to enhance the value of both companies. "This acquisition combines Eyelit’s AI-driven manufacturing solutions with Adexa’s capabilities, driving innovation and efficiency across the supply chain," said Kenneth Frank, Board Member at Eyelit and Partner at Banneker. Harjot Sachdeva, Operating Partner at Banneker, added, "Integrating Adexa’s planning technologies with Eyelit’s smart factory solutions creates a new category, and we are excited about the value and growth this will unlock for customers."
Adexa was advised and supported by Ashwini Gautam and the team from Marks Baughan, who served as the sole financial advisor and facilitator for this acquisition. "It has been a privilege serving Cyrus Hadavi, a leader and visionary in the supply chain planning space," Ashwini Gautam said. "We are deeply grateful for the opportunity to collaborate with the team at Banneker, whose exceptional expertise and strategic insights in the supply chain and manufacturing space were instrumental to this transaction's success."
For more information, visit www.eyelit.ai
About Eyelit
Eyelit Inc. is a leading provider of manufacturing software solutions that improve production efficiency, planning, and scheduling across various industries, including semiconductor, automotive, medical device, electronics, and aerospace and defense. Eyelit’s suite of Manufacturing Execution System (MES) and Advanced Planning and Scheduling (APS) software is designed to help manufacturers close the loop between planning, scheduling and execution with greater speed and certainty, reducing costs, improving delivery performance, and optimizing asset utilization.
About Adexa
Adexa is an AI-driven enterprise business planning service focusing on SI&OP, S&OP, and S&OE business models. Founded in 1994, the company uses technology to bridge the gap between stakeholders, optimize supply chain management, and achieve strategic objectives. Its unified data model allows organizations to enhance profitability by understanding the financial impact of planning decisions in real time. Adexa's systems monitor progress through key performance indicators and event management capabilities, letting managers proactively address potential issues. The enterprise specializes in boosting revenues and performance with its solutions, supporting positive business outcomes.
About Banneker Partners
Banneker Partners invests in growing, mission-critical enterprise software businesses to drive sustainable long-term value. Banneker takes a partnership approach to support founders and management teams to achieve their goals by implementing proven best practices and making additional investments across functional areas including sales, marketing, product management, product development, professional services, and customer success and complements these growth initiatives with strategic acquisitions that are focused on enhancing customer value. Banneker has developed an in-depth understanding of manufacturing and supply chain solutions
About Marks Baughan:
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis.
