Pelion Merges with JCIT

Pelion Systems Inc., a Lafayette, Colo.-based provider of manufacturing process optimization solutions, has agreed to merge with JCIT International, a technology transfer company focused on educational and engagement programs within the manufacturing industry. The combined company will be known as DemandPoint. No financial terms were disclosed. Pelion has raised VC funding from Inverness Capital Partners, Cordova Ventures and UPS Strategic Enterprise Fund.