Web- based livestock management business FarmWizard has revealed Wheatsheaf Investments, part of the Duke of Westminster’s Grosvenor Group, has become its majority stakeholder in a move which will lead to exciting developments to improve efficiencies in farming systems.
As the leading provider of agricultural software for the effective management of farm resources, FarmWizard aligns with Wheatsheaf’s strategy to invest in businesses which will help produce foods more efficiently and meet growing global demand.
Terry Canning, FarmWizard Managing Director who will continue to lead the company and remains a significant investor, said: “I am absolutely delighted to be on board and look forward to what the future holds. Wheatsheaf has a clear vision for how technology is going to help feed the world’s growing population and I am delighted that FarmWizard is going to play a part in making that a reality.”
The Belfast, Northern Ireland, based company – which was established in 2004 – developed the world’s first cloud based agricultural software solution and can be integrated with a range of farm data sources to provide a simple user platform for the farmer.
Software platforms and mobile apps have been developed for beef, dairy and sheep farmers which seek to drive efficiency and enhance value through improved information flow.
FarmWizard’s cloud-based software service is accessible from anywhere with an internet connection and is being used by thousands of farmers worldwide who collectively manage a total of more than two million livestock animals.
Anthony James, Wheatsheaf Chief Investment Officer, said: “FarmWizard is an innovative software platform which is already proven to help farmers be more efficient by better managing their resources in the beef, dairy and sheep sectors. The acquisition of FarmWizard complements our existing portfolio of businesses and, with our support, we believe it will help farms across the world to produce food with increased efficiently andhelp meet the demands of a growing global population.”
Wheatsheaf Investments, which was established by the Grosvenor Estate in 2012, owns the UK’s largest bull stud and leading exponent of sexed semen Cogent.
Moira Loughran, Invest NI Eastern Regional Manager said:
“FarmWizard is an ambitious export led company with an impressive track record in the Agri-tech industry. In recent years, Invest NI has provided FarmWizard significant support towards research & development and business improvement and I am pleased our support has enabled them to drive forward growth plans and attract Wheatsheaf Investments as a majority stakeholder. This announcement is an important strategic development which will enable FarmWizard to go further and faster in global markets and enhance its competitive position and increase export sales. We wish FarmWizard every success in the future”.