AUCKLAND, NEW ZEALAND – October 29, 2019 – Cin7, a pioneer in cloud-based inventory management software (IMS) and point-of-sale (POS) solutions, has closed on its majority investment by Rubicon Technology Partners (“Rubicon”), a US-based private equity firm that invests exclusively in enterprise software companies. This investment will fund Cin7’s accelerated global growth strategy through product innovation, sales expansion and continued investment in customer success.
“We’re very pleased to have strong backing from a partner like Rubicon, who has the resources, operational expertise and cultural fit to accelerate our growth,” said Danny Ing, Founder and Chief Architect of Cin7. “We are now in a very strong position to continue to drive product innovation, support our customers and take our inventory management software to an even broader base of global customers.”
Cin7’s inventory management platform automates the sale, purchase and delivery of products across multiple distribution channels, helping growing retail and wholesale businesses optimize inventory levels, lower costs and maximize cash flow.
“Currently, there is no clear category leader for inventory management software,” said Ing. “We have the opportunity, support and plan to expand our platform to become the world’s leading inventory management solution—my dream since I founded Cin7. It’s a very exciting time.”
Cin7’s highly scalable, cloud-based IMS includes powerful core functionality, warehouse management features, POS and over 450 integrations. Thousands of business operators worldwide use Cin7 to manage stock and streamline order processes as they add sales channels and expand to new markets.
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Cin7 inventory management software and POS system keep your stock in line with orders across every sales channel and stock location. With extensive integration and workflow automation, Cin7 helps contain costs, and maximize margins and cash flow for B2B, B2C, online and brick-and-mortar business. Cin7's integrations include 3PL warehouses, retailers (with built-in EDI), online marketplaces, eCommerce platforms, accounting solutions and more. For more information, please visit cin7.com
About Rubicon Technology Partners
Rubicon Technology Partners invests in enterprise software companies with proven products and talented management teams to help grow and scale their businesses. Rubicon enables companies to adapt to the changing requirements of their businesses as they grow and scale using a proven set of proprietary processes, best practices and a portfolio-wide engagement model called RTP Change Management. With offices in Boulder, CO, Palo Alto, CA and Stamford, CT, Rubicon has over $850 million in cumulative capital commitments. For more information, please visit www.rubicontp.com