With prices rising at supermarkets nationwide, a newly formed company is aiming to bring stability to the food and beverage supply chain—and now it’s hired a chief product officer to help make it happen.
In February, Frisco-based Dairy.com announced it was merging with Chicago risk management firm ever.ag and Tennessee software solutions business EFC Systems to form EverAg—a supply chain management company focused on the agriculture, food, and beverage industries.
The new company, which also provides risk management and market intelligence solutions, is based in Frisco and headed by Dairy.com CEO Scott Sexton, whose former company INC2Inc Technologies merged with Dairy.com in 2000, after Dairy.com was formed with a $19 million investment from names like Kraft Foods and Dreyer’s Grand Ice Cream.
“Transforming agricultural commodities into finished goods is an intricate, interconnected process, that together, we are uniquely positioned to support,” Sexton said in a February statement. “Through our combined portfolio, we have all of the expertise and solutions necessary to help clients efficiently and cost effectively move food from farm to fork.”
EverAg names Mike Borman chief product officer
Yesterday, EverAg announced its appointment of Mike Borman as chief product officer. The former Conservis co-founder and SVP will leverage his experience in agtech, agribusiness, and software to lead the next phase of product development for the company’s tech portfolio.
“The opportunity and need to advance the digital, farm-to-fork transformation of food supply chains is only intensifying,” Borman said in a statement, adding that he and his team will continue “to be at forefront of the effort to develop industry-leading solutions capable of fulfilling those goals.”.
Led over six major product releases at Conservis
As a co-founder of Minneapolis-based Conservis—a leading provider of enterprise resource planning software for family and institutional farms—Borman led the transformation of product and marketing functions. According to his LinkedIn page, he completed over six major product releases at Conservis, “including the financial management module directly responsible for the company’s acquisition.” (TELUS Agriculture and Rabobank acquired Conservis last July.)
Borman’s entrepreneurial experience should fit in well at EverAg. According to the company, many members of its executive team “are agtech founders themselves.”
Developing EverAg’s product roadmap
At EverAg, Borman will focus on developing its product roadmap and implementing product management best practices across the company’s dairy, cropping, livestock, and agribusiness operating units.
“Everyone at EverAg shares the same vision and passion to be the leading global provider of agtech software, risk management, and market intelligence solutions,” Borman said.
With February’s merger, EverAg has a team of about 450 spread across seven global locations. According to the company, its tech supports more than 600 companies, providing the tools and insights they need to operate “more efficiently, sustainably, and strategically across every stage of the supply chain.”
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