GrubMarket, a San Francisco, CA-based food technology company, completed the acquisitions of New York-based Frantoni Corporation and Kansas-based Granite State Software, two enterprise software providers that specialize in building advanced food supply chain software solutions, with a focus on the Eastern and Midwest regions of the U.S.
The amount of the two deals was not disclosed.
Founded nearly 40 years ago by experienced computer professional Peter Kimball, GSS is now managed by seasoned software engineer Glenn Sherman, who joined GSS in 1990 and took over ownership of the company in 2014.
Frantoni is still run by original owner Frank Gemeinhardt, accomplished tech sales executive and software engineer.
In addition to offering specialized produce ERP software systems, both GSS and Frantoni integrate with Orders IO, GrubMarket’s innovative, custom-branded eCommerce mobile app for customer ordering and communications. After the acquisition, GSS and Frantoni will continue to be managed by Glenn Sherman and Frank Gemeinhardt, respectively, and the companies’ customers will have the opportunity to add on additional modules offered by GrubMarket’s Orders IO and WholesaleWare products.
GSS and Frantoni’s software offerings will become an addition to GrubMarket’s eCommerce and software product family, which already includes the innovative and proprietary WholesaleWare software suite, the company’s software-as-a-service platform that provides food industry wholesalers and distributors with seamless financial management, sales, and online ordering features, precise inventory management, lot traceability, grower accounting, and automated routing and logistics, as well as Orders IO, GrubMarket’s custom branded mobile eCommerce solution.
Founded in 2014 and led by Mike Xu, CEO, GrubMarket is a San Francisco-based food technology company operating in the space of food supply chain eCommerce for both business customers and end consumers, as well as providing related software-as-a-service solutions to digitally transform the American and global food supply chain. Currently, the company operates in all 50 U.S. States; Ontario and British Columbia (Canada); Argentina, Chile, and Colombia (South America); India, Mexico, South Africa, and Spain, with plans to expand to the rest of the U.S., Canada, South America, and other parts of the world.
FinSMEs
23/08/2022