Storewise, an Oakland Park, Kan.-based provider of retail automation software for independent grocers, acquired MarginMAX, a Baton Rouge, Lousiana-based software company that enables independent grocers to manage direct store delivery (DSD) and wholesaler items through a suite of cloud-based applications, including a vendor portal, pricing engine, and receiving application.
Financial terms of the transaction were not disclosed.
The addition of MarginMAX further strengthens Storewise’s position as the leading platform for independent grocers. The combined platform enhances the capabilities of the existing pricing, risk, and sales reporting solution, and allows customers to automate discount configuration and price optimization with more wholesalers and DSD vendors.
MarginMAX’s software platform more than doubles Storewise’s visibility into store operations through DSD item coverage and the vendor portal that already includes over 600 registered vendors. The MarginMAX management team will join Storewise.
Led by Christopher Greco, President and CEO, Storewise is a provider of retailer automation software for independent grocers. The solution help independent grocers operate efficiently and compete against big-box retailers by providing them with a software platform that increases profit, automates manual tasks, and reduces errors. Storewise serves more than 700 stores across the country.
Led by Steve Miller, CEO, MarginMAX is a provider of vendor management and pricing software for independent grocers. The company enables independent grocers and wholesalers to work together efficiently through the automation of data transfer.
MarginMAX is Storewise’s first acquisition since Nexa Equity, an application software and fintech-focused private equity firm, invested in the company.
Christopher Greco and the Storewise management will lead the combined entity.
FinSMEs
05/06/2023