GrubMarket Acquires Fresh Software Solutions; Mike Xu and Steve Reilly Comment

Thu. November 10th, 2022 - by Chandler James

SAN FRANCISCO, CA - GrubMarket is sharpening its innovative edge. The wholesaler continues its impressive acquisition streak with yet another purchase. This time, GrubMarket acquired enterprise software provider Fresh Software Solutions (FSS), which serves fresh produce distributors, wholesalers, repackers, and foodservice suppliers across North America.

Mike Xu, Chief Executive Officer, GrubMarket“FSS has an unparalleled reputation in the fresh produce industry's software development community,” said Mike Xu, Chief Executive Officer of GrubMarket. “They've been in business for nearly two decades, have achieved double-digit, year-over-year revenue growth, and are 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 e-commerce and software experiences for all our customers. This acquisition is another big step that drives forward our mission to digitize the food supply chain.”

FSS is run by its original Owner, Steve Reilly. Its core product is Thyme Software, a fully integrated cloud-based ERP system that enables owners and managers to handle all key business functions in one place. Traceability and lot tracking; repacking and processing; sales order management, shipping, and routing; AR/AP; detailed reporting; and EDI are all major benefits of the software in addition to comprehensive warehouse management, e-commerce capabilities, and electronic document imaging and management solutions.

GrubMarket recently acquired enterprise software provider Fresh Software Solutions, which serves fresh produce distributors, wholesalers, repackers, and foodservice suppliers across North America

After the acquisition, FSS will continue to be managed by its talented leadership team. Its customers will have the opportunity to expand their software capabilities through additional modules offered by GrubMarket's Orders IO and WholesaleWare products, a press release noted.

“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 Reilly.

More information on the acquisition can be found here.

Cheers to GrubMarket!