Cin7, an Auckland, New Zealand-based provider of inventory management software (IMS) and point-of-sale (POS) solutions, received a majority investment from Rubicon Technology Partners, a US-based private equity firm that invests exclusively in enterprise software companies.
The amount of the deal, subject to approval from New Zealand’s Overseas Investment Office, was not disclosed.
The company intends to use the funds to accelerate its global growth strategy through product innovation, sales expansion and continued investment in customer success.
Led by Danny Ing, Founder and Chief Architect, Cin7 provides a cloud-based inventory management software and POS system that keeps stock in line with orders across every sales channel and stock location.
With integration and workflow automation, Cin7 allows contain costs, and maximize margins and cash flow for B2B, B2C, online and brick-and-mortar business. Integrations include 3PL warehouses, retailers (with built-in EDI), online marketplaces, eCommerce platforms, accounting solutions and more.
Thousands of end users around the world use Cin7 to manage stock and streamline their order processes as they add sales channels and expand to new markets.