Working together: Baton Rouge-based eRisk Consulting and Florida-based Core Associates LLC announced today that they’ve entered into a license agreement for the use of eRisk’s mobile application platform ENTERFACE. Under the agreement, the companies say, Core Associates will have exclusive marketing rights to Sage 100 and 300 Construction and Real Estate markets, reaching 25,000 customers. Core intends to market the product under the namesake Timberscan as Timberscan eForms. The eForms will be used as an add-on application to Core Associates’ software products and also will be sold as a standalone. An initial product launch has been underway in Australia and New Zealand, and the product will launch in the United States and Canada in June.
Moving: The Flodraulic Group, an Indiana-based hydraulic equipment services company, is moving from its Baton Rouge location at 9941 Mammoth Ave. to 11539 Sunbelt Court. A company representative says the Sunbelt Court location will sit next to its sister company. According to a building permit approved by the city-parish, construction on the 14,259-square-foot office and warehouse building is expected to cost roughly $1.2 million. The Baton Rouge location handles the company’s operations in Louisiana, Arkansas and Mississippi. The Flodraulic Group is based in Greenfield, Indiana, and has 10 locations across the United States and another in Canada. Founded in 1979, the company specializes in hydraulic equipment distribution in the mobile, industrial and oil and gas fields.
Turned down: Monsanto Co., the world’s largest seed company, turned down Bayer AG’s $62 billion acquisition bid as “incomplete and financially inadequate” today, but said it was open to engage further in negotiations. Reuters reports Monsanto’s decision puts pressure on Bayer to decide whether to raise its bid, even as the company faces criticism from some shareholders that its $122-per-share cash offer is already too high. The other options are to walk away or mount a hostile bid. Bayer offered no immediate comment. It was not clear what price Monsanto would be willing to sell for. Several analysts have suggested Bayer would have to pay much more than it is currently offering to clinch a deal. Read the full story.
