Verge Ag Announces Strategic Combination with Tecgraf Accelerating Growth in Latin America
Brings together two pioneers in agricultural operations planning to provide customers with a single powerful, intuitive, web-based planning software – Launch Pad
Integration of AgroCAD® functionality into Launch Pad accelerates Verge Ag’s market leading operations planning software for farmers globally
Building on Tecgraf’s deep customer relationships, expands Verge Ag’s presence in Latin America
Provides existing Tecgraf customers with immediate access to next generation technology from the same Tecgraf team they know and trust
CALGARY, ALBERTA, CANADA, December 21, 2020 – Verge Technologies (“Verge Ag”), the leading provider of operations and path planning software for production agriculture, today announced it has entered into a strategic combination with Tecgraf Tecnologia Em Computacao Grafica Ltda. (“Tecgraf”). Tecgraf is the leading developer of computer aided design solutions for agricultural applications with customers in 12 countries utilizing its AgroCAD® software on approximately 10 million acres of farmland. This transaction brings the powerful geoprocessing and path planning features of AgroCAD® into Launch Pad, Verge Ag’s intuitive, web-based farm operations planning interface.
Bringing Verge Ag and Tecgraf together positions the company as the leading provider of operations and path planning software for production agriculture with its user-friendly, intuitive operational planning and coordination software, Launch Pad. Launch Pad is one of the only software tools available that lets a user plan, simulate and optimize their on-farm operations in one simple window. A user can easily consider and balance operating considerations to minimize field operating time, number of turns or distance, and soil erosion potential while managing year over year traffic patterns, and implications of one operation on the efficiency of another. With the transaction, Launch Pad will also provide curved-path alternatives, guess row optimization and turn automation across all major agriculture equipment and guidance manufacturers.
“The bringing of Verge Ag and Tecgraf together through this unique transaction significantly accelerates the functionality of Launch Pad and expands our reach into Latin America. Over the past two decades, the Tecgraf team built an extremely powerful and very well regarded tool in AgroCAD®. Building on their expertise and customer relationships with some of the largest and most sophisticated growers in the world, we are excited to be advancing agriculture’s journey toward autonomous farming together,” said Verge Ag’s Chief Executive Officer, Ryan Johnson. “With the Tecgraf team as part of the Verge Ag family, we’re excited to take Launch Pad to market to provide Latin American farmers with an operations planning tool that is powerful enough to address their needs for curved path plan design, erosion mitigation and full season analysis but also intuitive, easy and flexible enough that anyone in their organizations can work with it to start driving immediate results.”
“Since 1991, our team has been passionately building AgroCAD® into the most comprehensive field planning tool in the market,” said Warsis Slywitch, director and founder of Tecgraf. “As we looked to continue to grow with our customers and meet their evolving needs beyond our traditional markets of sugarcane and rice, we saw the need for a planning tool that was more intuitive and agile for the corn, soy and cotton farmer. The team at Verge Ag and their Launch Pad software were right on the mark and so bringing our businesses together made perfect sense.”
In connection with the transaction, the shareholders of Tecgraf will become shareholders of Verge Ag and the Tecgraf team will be the exclusive providers of Launch Pad in Brazil. The AgroCAD® desktop software will continue to be supported and existing AgroCAD® customers will continue to have access to its tools. The technical teams of both Verge Ag and Tecgraf have already commenced development work to integrate the highest priority features from AgroCAD® into Launch Pad and will continue to add additional features to Launch Pad over time.
About Verge Ag
Verge Ag is a team of entrepreneurs, rocket scientists, programmers, farmers, data scientists and deal-makers who are focused on accelerating the transition to autonomous farming. While a lot of attention has been paid to the hardware aspects of autonomous farming, operational planning and coordination transcends all hardware solutions and is necessary for autonomous operations to become reality. Our software is focused entirely on this gap, allowing users to gain the benefits on their operations today while bridging the gap for when autonomous machinery is adopted at commercial scale tomorrow. For more information on Verge Ag, including to demo Launch Pad, please visit www.vergeag.com
Tecgraf has specialized in computer aided design (CAD) solutions and developed a product to meet the growing demand of the agribusiness technology market. Named AgroCAD®, the solution seeks to integrate and direct the CAD, topography and geoprocessing features available in AutoCAD Civil 3D software , with the aim of offering the necessary resources for substantially increasing productivity in different crops, such as sugarcane, for which it was initially developed, and more recently in soy, cotton, rice, reforestation, among others. For more information on the solution adopted as a standard in this application, please visit www.agrocad.com.br.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such statements uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
For further information, please contact:
Verge Ag | Lyndsay Barch | Marketing Manager | Tel: 403.998.3567 | [email protected]
Tecgraf Ltda. | Sales | Phone: +55-19-2129-7177 | [email protected]
This press release does not constitute an offer or sale of any securities. Any securities offered may not be offered or sold in the United States or Canada absent registration or an applicable exemption from registration requirements.