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AFS Technologies Expands Global Presence Through Acquisition of Quofore

AFS Technologies Inc., the leading provider of integrated software solutions to the consumer packaged goods industry, announced today that it has expanded its mobile solutions technology platform globally through the acquisition of Quofore, the international leader in mobile field sales software solutions for consumer packaged goods companies.

The acquisition of Quofore complements the existing AFS mobile product offering and significantly expands the company’s market reach into more than 40 countries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. “The addition of Quofore reinforces our commitment to provide world-class mobile technology solutions to our customers and represents a meaningful expansion for our enterprise technology platform throughout the world,” said Kurien Jacob, CEO of AFS Technologies.

“Our focus at AFS is to assist our customers in improving efficiencies and optimizing productivity by delivering innovative, user-friendly technology solutions,” continued Mr. Jacob. “Quofore’s mobile retail execution software further enhances our AFS order management, merchandising, in-store marketing, and direct store delivery platforms to help our customers achieve measurable gains in the productivity of their field interactions.”

“We are excited about the opportunity to expand our market presence and support for our Quofore customers through the new relationship with AFS Technologies,” noted Harris Fogel, President of Quofore. “The combination of AFS and Quofore will greatly expand the variety of solutions and technology support available to our customers throughout the world.”

About AFS Technologies Inc.

AFS Technologies Inc. is the leading provider of business enterprise and on-demand software solutions. The company serves over 1,500 customers across the Americas with a portfolio of solutions for the food, beverage, logistics and financial segments. AFS supply chain solutions and AFS food and beverage solutions are designed to reduce costs, improve efficiency, increase sales and margins, streamline internal processes, facilitate data synchronization, and assist in regulatory compliance. All AFS solutions utilize service-oriented architecture (SOA) built with Microsoft .NET framework technology. With a focus on modular design, the solutions allow customers in manufacturing, sales agencies, distribution, and complex software companies the flexibility to upgrade specific elements of the software without affecting the rest of the system. To match the needs of our diverse customer base, products are available on both a license and true SaaS model basis. For additional information, please visit www.afsi.com or call (602) 522-8282.

About Quofore International, Inc.

Founded in 1998, Quofore International, Inc. is recognized as the international leader in mobile software solutions for field representatives in consumer products companies. Companies using Quofore solutions are able to drive competitive advantage through their management and execution of field sales, merchandising, promotion, and direct delivery activities. Incorporating world’s best practices, Quofore solutions reflect the experience and domain expertise gained from over a decade of focus on the consumer good industry and mobile technology. Quofore works with customers in more than 40 countries in both modern trade and emerging markets. Quofore markets its software worldwide through its regional offices in the Americas, EMEA and the Asia Pacific region. Quofore has delivered solutions to customers across six continents including leading global corporations such as Procter & Gamble, Spin Master, The Schwan Food Company and Unilever, as well as numerous small to midsize companies.

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