(BUSINESS WIRE – JUNE 26, 2018)–Ag Tech and farm water management leader SWIIM System is proud to announce today that it has completed negotiations for the acquisition of Fresno-based OnFarm Systems Inc., a leading Internet of Things data integrator and provider of software and analytics tools that help farmers simplify their data while improving their efficiency, profitability and sustainability. Lance Donny, OnFarm’s founder and CEO, will become SWIIM’s Chief Operating Officer and assist SWIIM’s senior management with integrating its water balance monitoring and reporting data into the OnFarm dashboard.
“This acquisition is an important step in SWIIM’s continued commitment to help growers protect and conserve their dwindling water allocations. I am absolutely thrilled to have the involvement of both OnFarm’s technology and team,” said Kevin France, CEO of SWIIM. He adds, “I look forward to working closely with Mr. Donny as a trusted colleague to move the combined business units forward. We believe the OnFarm acquisition adds significant scale to SWIIM’s offerings by providing an easy-to-use dashboard and a clear differentiation for farmers as they deal with water regulations and efficiency requirements over the upcoming years.”
In addition to integrating directly into SWIIM’s platform, OnFarm will also continue to offer its primary product, an award winning, fully customizable dashboard capable of delivering both in-field and remotely-gathered data from various sources into a seamless, easy-to-view display, capable of being seen on any internet connected device. OnFarm was founded in 2012 and serves hundreds of farming operations across the United States, Europe, and Asia.
“We started OnFarm to simplify how farmers use data to improve their operations” said Donny. “Over the last several years it’s become clear that there may be no greater farming challenge than the increasing water issues our customer’s face today, so it was immediately clear that combining with SWIIM’s water compliance, reporting, and management solution we could dramatically improve how farmers face both their data and water challenges.”
“It has been an absolute pleasure working with Mr. Donny and his team on this transaction,” said Ed Warner, leading entrepreneur and philanthropist who also serves as SWIIM’s Chairman. “With the addition of OnFarm’s technology and highly competent team, we will be able to offer a service that better protects water throughout the western US – especially with SGMA compliance requirements looming for many of our clients.”
Closing of the acquisition is subject to customary closing conditions and is expected to finalize in the coming weeks. Following the close, OnFarm will continue to maintain its primary offices in Fresno, CA.
About SWIIM: Listed as a Top 25 Most Innovative Ag Tech Company by Forbes in 2017, its multi-patented technology was developed over a 5-year period with the help of the USDA and several western land-grant universities. SWIIM maintains a one-of-a-kind, long-term strategic distribution agreement with Western Growers. The technology is currently being deployed throughout the western US to help growers account and manage their agricultural water budgets and protect their water rights.