RPMGlobal has entered into a share purchase agreement to acquire Canada-headquartered, inventory optimization management software company, IMAFS.

The IMAFS solution is designed for optimizing the inventory holdings of large-asset-intensive companies. It is a cloud-delivered, inventory management and forecasting software solution that connects to an enterprise resource planning system and utilizes artificial intelligence to greatly improve inventory management, RPMGlobal reported.

RPMGlobal described the solution as a great fit. “It further builds on our cloud and optimization offerings,” said Richard Matthews, CEO and managing director, RPMGlobal.