Minnesota Based Highjump Software Buys Canada's BelTek Systems

HighJump Software has bought a Canadian tech firm that helps business manage product deliveries.

Eden Prairie-based HighJump didn’t disclose terms of its deal to buy BelTek Systems Design, based in Moncton, New Brunswick. However, the company said the deal will bolster its presence in the food and beverage market and help it tap into new businesses, such as the delivery of ice, uniforms and linens.

The acquisition also will help HighJump expand further into Europe, the company said in a press statement.

HighJump makes software that companies use to track inventory. Maplewood-based 3M Co. bought the company in 2004, but sold it earlier this year to Battery Ventures, a Boston-based venture capital firm, for about $84 million. BelTrek has about 50 customers, though HighJump didn’t disclose its revenue.

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