According to a statement from the companies, The Arthur Companies will make an investment in Levridge to help fuel its growth and the development of modern cloud-based systems for agribusinesses.
"We are honored to receive this investment from The Arthur Companies and welcome the partnership," Becky Newell, president of Levridge. "The Arthur Companies' extensive history and depth of knowledge in the ag industry will provide invaluable guidance as our team continues to develop groundbreaking solutions. We look forward to learning from their expertise and drawing upon their insights to deepen our product features and deliver exceptional value to our clients."
The investment from The Arthur Companies will provide Levridge with the resources necessary to expand its portfolio of industry-leading solutions and meet the growing demand for advanced business technology solutions built specifically for ag businesses like commodity processors. Using this investment, Levridge will be well-positioned to amplify its presence in the market, as evidenced by the recent rapid acquisition of new clients, the company noted.
In addition to the investment, Levridge welcomes James Burgum from The Arthur Companies to its board of directors.
"We are thrilled to partner with Levridge in their mission to revolutionize the agricultural industry through technology," said Burgum. "Levridge's innovative solutions have already demonstrated their immense value, and we are excited about the possibilities this partnership holds for the future of ag businesses and commodity processing."
Levridge also announces the successful deployment of its flagship solution built on top of Microsoft Dynamics 365 at two large milling companies, both of which have embraced the enhanced efficiencies and performance achieved through the implementation of cloud based Levridge technology.
The positive feedback received from these companies further solidifies Levridge's commitment to delivering tangible value and impact to its clients. In addition to standard ag business functionality features, Levridge has recently completed the development of a pioneering software-as-a-service (SaaS) platform for managing equity at cooperatives. The company said this latest addition to the Levridge suite of solutions demonstrates the company's unwavering dedication to driving innovation and revolutionizing the agricultural industry.