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August 08, 2011
iRely Acquires Comtech Solutions

Fort Wayne, Indiana - iRely, LLC and Comtech Solutions today announced the acquisition of Comtech Solutions by iRely. Terms of the transaction were not disclosed.

Comtech Solutions specializes in using cutting-edge technology to provide state-of-the-art ERP (Enterprise Resource Planning) solutions for businesses, including eCommerce and web applications. iRely, headquartered in Fort Wayne, Indiana, is a provider of enterprise software solutions for the physical commodity markets.

The acquisition will extend both iRely's and Comtech's product offerings to their respective markets.

"Commodity businesses and their customers are becoming increasingly sophisticated," said George Olney, COO of iRely, LLC. "Comtech is a leader in providing creative solutions for both B2B and B2C clients. Together with Comtech, iRely has plans to bring this innovative technology to the commodities market."

"iRely has global reach with multiple offices in North America, Europe and Asia. iRely's team has deep understanding of enterprise software solutions market. This is exactly the kind of partner we needed to expand globally" said Steve Palm, CEO of Comtech Solutions. "Comtech's B2B and B2C offerings complement iRely's comprehensive 'Farm to Fork' business solutions for the commodities market."

About Comtech
Comtech Solutions specializes in software design with feature rich functionality thanks to a skilled development team that enables them to innovate quickly and develop cost effective solutions.

Companies worldwide utilize Comtech's software to run and operate their business. For almost two decades, Comtech's vision has been to simplify complex processes and at the same time provide an easy-to-use and elegant interface.

About iRely
iRely, LLC is a global provider of software for physical commodity ecosystem.  iRely serves commodity processors, traders, merchandisers and food manufacturers internationally from its headquarters in Fort Wayne, IN.  For more information, visit www.irely.com.

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