SYSPRO Expands Smart Manufacturing Capabilities with Acquisition of riteSOFT
TUSTIN, Calif., July 2, 2025 /CNW/ -- SYSPRO, a global software provider for the manufacturing and distribution industries, today announced the acquisition of riteSOFT, a U.S.-based provider of mobile warehouse and time tracking and scheduling software for small to mid-sized manufacturers and distributors.
The acquisition strengthens SYSPRO's smart manufacturing capabilities and advances its strategy to offer deeply integrated, industry-specific solutions that accelerate time-to-value and simplify operations for customers worldwide.
With nearly 20 years of domain expertise and a loyal global customer base, riteSOFT is best known for riteSCAN, its out-of-the-box warehouse management solution purpose-built for SYSPRO's Digital Manufacturing Suite. This integration builds on a long-standing partnership between the two companies and will further streamline the customer experience by embedding riteSOFT's proven automation tools directly within the SYSPRO ecosystem.
SYSPRO customers will benefit from a unified solution stack with aligned product roadmaps that improves operational efficiency and deployment speed. riteSOFT's functionality will now be available to SYSPRO customers globally as a fully integrated component of SYSPRO's software suite, delivering more value with less complexity.
The acquisition also expands SYSPRO's solution portfolio, opening new avenues for partners to deliver value-added services and address evolving customer needs, particularly in warehouse and shop floor automation.
This move follows SYSPRO's acquisition of NexSys in late 2024 and underscores a clear, focused growth strategy under Advent's ownership. It signals SYSPRO's continued investment in innovation and operational scale as an end-to-end digital manufacturing suite.
The riteSOFT team will join SYSPRO, bringing deep product knowledge and customer insight to help accelerate joint innovation and enhance customer success across global markets.
"This acquisition is about aligning our visions and delivering an enhanced, streamlined experience for our customers," said Jaco Maritz, CEO of SYSPRO. "riteSOFT has been a trusted partner for many years, and bringing their team and technology fully into the SYSPRO family allows us to deliver a unified, end-to-end digital manufacturing suite that scales with our customers' ambitions."
"Joining SYSPRO is a natural next step for riteSOFT," said Bruce Hagberg, Founder and CEO of riteSOFT. "We share a commitment to helping manufacturers operate more efficiently and competitively. As part of SYSPRO, we can expand our reach, accelerate innovation, and better support our customers around the world."
The transaction closed in June 2025, following customary regulatory and closing conditions. Financial terms were not disclosed.
About riteSOFT:
riteSOFT develops software solutions that automate data collection and improve operational efficiency for small to mid-sized manufacturers and distributors. Its flagship product, riteSCAN, is a mobile warehouse solution designed specifically for SYSPRO ERP users. Headquartered in the U.S., riteSOFT has served customers globally for over 15 years.
About SYSPRO
SYSPRO is a leading, global software provider specializing in key manufacturing and distribution industries. For over 40 years, SYSPRO's team of specialists has continued to address unique industry needs and enable customers to easily adapt and grow. The solution is scalable and can be deployed in the cloud, on-premise, or both, and accessed via the web on any device to provide customers with choice and flexibility.
SYSPRO remains focused on the success of partners and customers. Our evolving solutions are aligned with industry trends to leverage emerging technology that will enable partners and customers in securing a digital future.
With more than 16,000 customers in over 60 countries across six continents – SYSPRO offers guidance and support every step of the way as a trusted digitalization partner.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
166 new homes coming to Calgary through the Apartment Construction Loan Program Français
CALGARY, AB, Aug. 13, 2025 /CNW/ - Solving Canada's housing challenge requires immediate action to bring down costs. To provide Canadians with increased access to affordable and sustainable housing, the government today announced along with the City of Calgary a combined investment of over $75 million for the conversion of 166 housing units for new immigrants, students, and young couples. The announcement was made by Corey Hogan, Parliamentary Secretary, Member of Parliament for Calgary Confederation on behalf of The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada, alongside Jyoti Gondek, Mayor of Calgary. Located at 606 4 Street SW, the building formerly known as the Barclay Centre, a 55-year-old, 16-storey office building will be reimagined as into a 166-unit purpose-built rental building consisting of modern studio, one- and two-bedroom suites that will be open to residents in late 2027. With Courthouse Park and Harley Hotchkiss Gardens across the street, and just steps away from two CTrain stations and the CORE Shopping Center, the project highlights the walkable, connected urban lifestyle that is drawing more residents and investment into downtown Calgary. Other building amenities will include 17 accessible units, a shared fitness centre, two common lounges for media and social functions, a co-working space and a shared exterior patio and BBQ. As we build a strong Canadian housing sector, purposeful collaboration will be essential. That means working hand-in-hand with the non-profit sector to bring down costs and build homes at a scale and speed not seen since the Second World War. Quotes: "Our Government is committed to driving housing supply to bring housing costs down. This project will create more much-needed rental homes for the people living and working in Calgary. It's an example of what's possible when governments and the private sector work together. It's also another step forward in our bold, ambitious plan to build Canada strong." – Corey Hogan, Parliamentary Secretary, Member of Parliament for Calgary Confederation on behalf of The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada "The momentum we're seeing downtown is the result of years of strategic investment and collaboration. This conversion is another example of how working with the private sector is reshaping our downtown while delivering housing, driving economic growth, and building the future for all Calgarians." – Jyoti Gondek, Mayor of Calgary "We are proud to partner with the CMHC and the City on this transformative project. It's a powerful example of how public-private collaboration can creatively address housing needs while transforming underused office space into vibrant residential communities in the heart of downtown." – Jay Jiang, Chief Financial Officer, Dream Office REIT Quick Facts: The National Housing Strategy (NHS) is a 10+ year, $115+ billion plan to give more Canadians a place to call home. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed. As of March 2025, the federal government has committed $65.84 billion to support the creation of over 166,000 units and the repair of over 322,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence. NHS is built on strong partnerships between the federal, provincial, and territorial governments, and continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private housing sectors. This includes consultations with Canadians from all walks of life, and people with lived experience of housing need. The $55 billion Apartment Loan Construction Program (ACLP) is providing low-cost financing to support more than 131,000 new rental homes across Canada by 2031 – 2032. The ACLP provides fully repayable low-interest loans to encourage the construction of more rentals for middle-class Canadians. It creates a positive impact to the housing system at minimal cost to taxpayers. A stable supply of purpose-built rental housing is essential for more people in Canada to have access to housing that meets their needs. As of March 2025, CMHC has committed $23.35 billion in loans through ACLP to support the creation of more than 59,000 rental homes. It is one of many programs and initiatives under the National Housing Strategy designed to help address housing needs across the housing continuum. It complements other NHS initiatives that focus on funding affordable housing units for lower-income households. Budget 2024 announced enhancements to the ACLP which includes the program being extended from 2027 – 2028 to 2031 – 2032. The enhancements will allow applicants to apply for funding for on- and off-campus student housing to support post-secondary educational institutions as well as independent seniors housing. There are no longer minimum requirements relating to energy efficiency and accessibility, instead applicants will benefit from making stronger commitments to desired rental supply and social outcomes. The Downtown Calgary Development Incentive Program is a cornerstone of the broader Downtown Strategy. Since launching in 2021, the program has generated $4 in private investment for every $1 of public funding that is building a downtown that serves Calgary today and in the future. The program currently boasts three complete conversions, including the recently opened Element Calgary Downtown. Another four conversions are expected to open to residents in 2025, further advancing downtown as a vibrant, mixed-use community where Calgarians can live, work and play. To date, 21 office conversion projects have been approved, repurposing over 2.68 million square feet of vacant office space into 2,628 new homes, 226 hotel rooms, and a hostel. Funding provided for 606 4 th Street Southwest is as follows: $64.3 million from the federal government, through the National Housing Strategy's Apartment Construction Loan Program Up to $10.5 million from the City of Calgary Incentive Funds $9 million from 606 Fourth Inc in cash equity Additional Information: Visit for the most-requested Government of Canada housing information. CMHC plays a critical role as a national facilitator to promote stability and sustainability in Canada's housing finance system. Our mortgage insurance products support access to homeownership and the creation and maintenance of rental supply. We also actively support the Government of Canada in delivering on its commitment to make housing more affordable. Our research and data help inform housing policy. By facilitating cooperation between all levels of government, private and non-profit sectors, we contribute to advancing housing affordability, equity, and climate compatibility. Follow us on X, YouTube, LinkedIn, Facebook and Instagram. Learn more about how The City of Calgary and partners are shaping a greater downtown at SOURCE Canada Mortgage and Housing Corporation (CMHC)
Cision Canada
an hour ago
- Cision Canada
HolmesAI Closes Seed+ Round Funding, Pioneering the Future of Personalized AI Agents
HONG KONG, Aug. 13, 2025 /CNW/ -- HolmesAI, a Persona-based AI Agent service platform, has successfully completed its Seed+ funding round with participation from prominent investors, including Bitrise Capital, Waterdrip Capital, and CGV Fund. To date, HolmesAI has raised a total of $3 million. The project received early-stage incubation support from both HashKey Group and a leading cloud computing company in the industry. At HolmesAI, "Persona" represents a personalized knowledge base that enables Agents across various scenarios to really "think and act like users," thereby unleashing human creativity. The key to creating AI Agents with authentic "human-like" qualities lies not in algorithmic complexity, but in Persona - the unique personality framework that determines an Agent's tone, expertise, and behavioral patterns. HolmesAI's groundbreaking Persona system fundamentally addresses the personalization limitations of traditional AI Agents. Through HolmesAI, users can build comprehensive Personas that include knowledge bases, language styles, thought patterns, and behavioral preferences, enabling Agents to accurately simulate users' cognitive and expressive patterns, achieving true human liberation from repetitive tasks. The platform's revolutionary innovation transforms each Persona into tradable digital assets. Blockchain technology ensures data sovereignty, allowing Personas to be deployed on multiple Agents. The more frequently a Persona is used, the greater the economic rewards for its creator. "HolmesAI empowers everyone to own hyper-personalized Agents that truly reflect their individuality, finally freeing humanity from repetitive cognitive tasks," said Chris, Founder of HolmesAI. "We're starting with social media platforms, especially X, given how integral they are to modern digital life, before expanding to other industries." HolmesAI has officially launched its Persona-powered application for the X platform. This integration allows users to create their own personalized X Agents, enabling automated and tailored post generation. The platform will also roll out an "Ignition Program," offering participants a variety of benefits. The latest funding round, backed by several well-known institutions, underscores strong market confidence in decentralized AI Agents. "Autonomous AI is emerging as a key direction for the industry," said Kevin, Partner at Bitrise Capital. "HolmesAI's innovative Persona system enables a precise understanding of users' needs, making personalized Agents accessible to all. We believe it holds long-term value in the Web3 ecosystem."
Cision Canada
2 hours ago
- Cision Canada
Ethereum Trades Above $4.6K as Bybit Releases 10-Year Outlook Report
DUBAI, UAE, Aug. 13, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announced the release of its latest Crypto Insights Report, "Ethereum at 10: A Decade of Disruption and the Road Ahead," as Ethereum trades well above the $4,600 mark, only 6% away from the all-time-high reached in November 2021. As the institutions' demand for Ether as treasury is nowhere to stop, Ether is poised for an all-time-high as soon as this week. The report examines Ethereum's first decade, its shift from Proof of Work (PoW) to Proof of Stake (PoS), and its ambitious roadmap through 2035, outlining how upcoming upgrades could transform scalability, efficiency, and security across the blockchain ecosystem. Ethereum now secures hundreds of billions in digital assets and processes millions of transactions each day. It serves as the foundation for decentralized finance (DeFi), non-fungible tokens (NFTs) and the growing market for tokenized real-world assets (RWAs). The Bybit report details how Ethereum's planned upgrades, from danksharding and zero-knowledge EVM integration to the Lean Ethereum vision, are expected to deliver exponential improvements in scalability, efficiency and security. Key highlights from the report: Scaling for the Future: Upgrades will enable millions of transactions per second through sharding, Layer 2 rollups and a next-generation virtual machine, alongside single-slot finality for near-instant settlement. Lean Ethereum Strategy: A shift toward modular simplicity, minimalism and quantum resistance to strengthen long-term resilience. ETH as a Yield-Bearing Asset: Ethereum's PoS model has turned Ether into a crypto-native yield benchmark, influencing rates across DeFi markets. Institutional Engagement: Leading global institutions including BlackRock, Visa and Deutsche Bank are adopting Ethereum for tokenized assets and enterprise blockchain infrastructure. Maintaining Leadership: Ethereum remains the top Layer 1 by developer activity and total value locked, while its Layer 2 ecosystem is expanding to capture more use cases. Long-Term Forecast: By 2035 Ethereum could operate as a highly scaled and secure base layer supporting trillions of dollars in annual on-chain economic activity with a stable or shrinking supply of ETH. The report finds that Ethereum is entering a decade of significant technological advancement and deeper integration into the global financial system. With its developer community, liquidity depth and adaptability, Ethereum is positioned to remain the core infrastructure for the decentralized economy. Full Report Access The complete Bybit Crypto Insights Report: Ethereum at 10 is available here. #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
