U.S – San Francisco-based food technology company GrubMarket has completed the acquisition of Fresh Software Solutions (“FSS”), a well-known and reputable enterprise software provider that specializes in building solutions for fresh produce distributors, wholesalers, repackers and food service suppliers across North America.
Founded nearly 15 years ago, FSS is still run by its original owner Steve Reilly, a 20-year veteran of the food supply chain software industry.
The company’s main offering is Thyme Software, a fully-integrated cloud-based ERP system that enables owners and managers to handle all crucial business processes in one location.
Thyme Software offers comprehensive warehouse management, eCommerce capabilities for round-the-clock online ordering via its WEB Order Entry solution, and electronic document imaging and management solutions in addition to core features like traceability and lot tracking, repacking and processing, sales order management, shipping, and routing, AR/AP, detailed reporting, and EDI.
FSS’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.
WholesaleWare software suite is the company’s software-as-a-service platform that provides food industry wholesalers and distributors with seamless financial management, powerful 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.
FSS has dozens of loyal customers, many of whom have been with the company for over a decade.
Following the acquisition, FSS will continue to be run by its accomplished management team, and FSS users will have the chance to increase the functionality of their program by utilizing new modules made available by GrubMarket’s Orders IO and WholesaleWare products.
“We pride ourselves on providing outstanding customer service and going above and beyond to develop lasting relationships with clients. For us, the decision to join GrubMarket came down to what was best for our customers and our employees, and how we could positively impact the future of the food supply chain industry.
“We were approached by many potential acquirers and investors, but we felt that GrubMarket’s unique combination of fast growth, strong vision, dedicated team, and unmatched technology expertise presented the most promising and meaningful opportunity for our next evolution,” said Steve Reilly, owner of Fresh Software Solutions.
According to Mike Xu, CEO of GrubMarket, FSS has an unparalleled reputation in the fresh produce industry’s software development community.
He informed that the company has been in business for nearly two decades, has achieved double-digit year-over-year revenue growth, and is a profitable business with high customer satisfaction and impeccable reviews.
“Several FSS customers were thrilled to share that they saw double-digit gross profit dollar and margin increases since implementing Thyme Software.
“Furthermore, FSS is complementary with WholesaleWare, so we’re excited to bring Steve’s industry know-how to GrubMarket, and we warmly welcome him to the team that is building best-in-class eCommerce and software experiences for all our customers. This acquisition is another big step that drives forward our mission to digitize the food supply chain,” he said.
To provide more comprehensive software capabilities to global food supply chain businesses, GrubMarket also acquired WaudWare, a highly reputable Canadian software provider that specializes in building software products for the fresh produce and food supply chain industries in North America, earlier in April.