April 9, 2018
On track with its global growth plan in the Americas and the continuous enhancement of its Warehouse Management, Automation & Optimization solutions portfolio, Mantis announces the acquisition of Insight Group Technologies, Inc., a leading international Slotting and Warehouse Optimization software solutions vendor headquartered in Toronto, Canada.
Insight offers a single source for warehouse optimization solutions. The company's senior management team carries decades of top-tier logistics and supply chain experience in various industries and its know-how in slotting and labor management & planning are best of breed in today's market. Among the company's impressive list of clientele are CEVA, Nestle, 3M & DHL.
Mantis is a leading international WMS/logistics software and solutions vendor with 400+ customers, many of them leading multinationals, representing all major industries (3PL, Retail, Distribution / Wholesales & Manufacturing) and selling channels (traditional and e-commerce). Mantis' platform's design represents a great leap in WMS/logistics technology, offering true adaptability & flexibility that is unique world-wide. It meets the sophisticated WMS requirements of medium and large enterprises with ease and helps them to achieve an unbeatably fast ROI + low TCO.
Yiannis Panagiotopoulos the CEO of Mantis Group said: "Our strategy is to provide the international markets with an integrated and comprehensive Warehouse Management, Automation & Optimization Solution portfolio. Insight's advanced slotting and warehouse optimization software as well as the extensive know-how of the company's senior management is an excellent fit for our strategy. Furthermore, this acquisition will strengthen our presence in North America which is a strategic market for us."
John Pedder & Lee Rector, the founders and current executives of Insight, said: "Mantis is an excellent fit for us. We are looking forward to taking up senior positions in the Mantis Group and believe the combined entity will be a big differentiator in the Supply Chain Planning and Execution sector. Together we will be able to provide a world-wide unique offering covering all complex management and optimization needs of modern distribution centers."