Eyelit Technologies acquires MESTEC

Eyelit Technologies Acquires Innovative Multi-Tenant Cloud-Based MES/MOM Leader MESTEC

Bracknell, Berkshire, UK, May 16, 2022 – MESTEC, a Bracknell, UK-based manufacturing Software as a Service (SaaS) vendor, has been acquired by Eyelit Technologies, a leader in Manufacturing Execution (MES), Quality Management (QMS), and Factory Automation solutions. The partnership of the two customer-centric solution providers will enable Eyelit to provide manufacturing software solutions to a broad set of industries.

MESTEC’s advanced cloud-based technology and low-code-no-code implementation allow for Go-lives in less than a month, accelerating time to value. This solution is crucial in the complex manufacturing and assembly environment, where planning, labor productivity, and production efficiency are significantly important in enhancing productivity and reducing unnecessary spend. Furthermore, the solution complements Eyelit’s strengths in Industrial Internet of Things (IIoT) and Factory Automation. With the combined solutions, the company can serve the entire gamut of discrete manufacturing.

“I’m delighted to add MESTEC to the group. The team has designed and brought an impressive SaaS based, multi-tenant solution in the cloud to the market. We are investing heavily in the MESTEC business with additional development, delivery, sales, and marketing resources. Moreover, these investments will help MESTEC grow and expand in key industries such as CPG, Medical Devices, and Aerospace and Defense. Our focus for the business will be an expansion into the Americas and continued growth in the UK and EU,” said Jason Adams, CEO of Eyelit.

“We are excited to be part of Eyelit. They have the same customer-focused culture and take great pride in their people, making this acquisition a great fit,” said Mark Carleton, General Manager of MESTEC. “Along with the investment from Banneker, we will be able to execute on all of the innovative ideas we have to serve more manufacturers,” said Carleton.

“MESTEC is a proven SaaS provider of MES and manufacturing planning solutions. There are very few high-quality cloud-architected manufacturing solutions in the market. The combination of Eyelit and MESTEC has great potential to deliver high value to complex manufacturing companies looking to accelerate digital transformations,” said Julie Fraser, VP of Research for Operations and Manufacturing for independent research firm Tech-Clarity, Inc.

About MESTEC

MESTEC’s Manufacturing Execution System (MES) software drives and improves factory performance by focusing on the key manufacturing business pressures, which are: people, time, cost, and compliance. By eliminating spreadsheets, paper-based operations, and manual data collection, MESTEC MES delivers improved performance driven by dynamic production planning, automated shop-floor data collection, and real-time performance analytics. MESTEC is a cloud-based solution designed to be rapidly deployed with minimal up-front costs. This provides customers with immediate operational and financial value. Major customers in Europe include companies from across diverse manufacturing sectors, with companies like

Siemens, Thales, Martins Rubber, and Higgidy Pies benefit from improved insight into shop floor data to increase productivity and reduce manufacturing costs.

About Eyelit Technologies

Eyelit Technologies is a leading provider of integrated software solutions that optimize factory and multi-factory productivity across industries such as semiconductor, automotive, medical device, electronics, and aerospace & defense. Its AI-powered suite of planning, scheduling, and execution solutions enables businesses to improve production processes, enhance asset utilization, and streamline scheduling. Eyelit Technologies empowers organizations to drive profitable growth, reduce costs, improve delivery performance, and gain greater visibility, improved decision support, and decision execution.

Expanding on this foundation, Eyelit’s purpose-built, industry-specific solutions extend the capabilities of existing platforms to optimize decision-making across supply chain, planning, and execution. These tailored solutions improve outcomes by addressing critical elements such as orders, quality, assets, materials, labor, and suppliers.

About Banneker Partners

Banneker Partners invests in growing, mission-critical enterprise software businesses to drive sustainable long-term value. It takes a partnership approach to support founders and management teams to achieve their goals by implementing proven best practices and making additional investments across functional areas, including sales, marketing, product management, product development, professional services, and customer success, and complements these growth initiatives with strategic acquisitions that are focused on enhancing customer value. Banneker has developed an in-depth understanding of manufacturing and supply chain solutions.