Inertia Beverage Group (IBG), a Napa, CA-based technology provider for the wine industry, has secured $14m in new capital from existing investors Allegis Capital and Sid R. Bass Associates, and new investors, including PEI Funds.
IBG provides wineries, retailers and wholesalers with eCommerce technology, compliance tools, logistics solutions and shipping services. The new funds will be used to further strengthen its core services.
As stated by Robert Ackerman, Managing Director & Founder of Allegis Capital, with this financing, IBG has the resources necessary to deliver its unique platform to its winery clients, while providing essential customer support.
In addition, Dave Manougian will join IBG as Chairman of the Board. Mr. Manougian has decades of senior management experience in consumer marketing and sales with Fortune 500 companies including E & J Gallo Winery, Nike and Comcast, which owns the Golf Channel.
FinSMEs
18/12/2009