Cin7 Agrees to Strategic Investment from Rubicon Technology Partners to Accelerate Global Growth
- : Cin7
- : 26/09/2019
AUCKLAND, NEW ZEALAND – September 26, 2019 – Cin7, a pioneer in cloud-based inventory management software (IMS) and point-of-sale (POS) solutions, has agreed to a majority investment from Rubicon Technology Partners (“Rubicon”), a US-based private equity firm that invests exclusively in enterprise software companies. The funding will be used to accelerate Cin7’s global growth strategy through product innovation, sales expansion and continued investment in customer success.
“This investment validates all of the hard work our team has put in to building a market-leading product and delivering best-in-class support to our growing, global customer base,” said Danny Ing, Founder and Chief Architect of Cin7. “We are now doubling-down to reach the global growth we know is possible with a great partner that has the resources, operational expertise and cultural fit to accelerate our growth.”Cin7 helps growing businesses optimize inventory, lower costs and maximize cash flow by providing a single platform to automate the sale, purchase and delivery of products across multiple distribution channels. Cin7’s highly scalable, feature-rich, and cloud-based IMS platform provides powerful core functionality, including warehouse management and POS, along with the industry’s most extensive list of over 450 marketplace integrations. Thousands of end-users around the world use Cin7 to safely manage stock and streamline their order processes as they add sales channels and expand to new markets.
“With the most comprehensive, easy to use and swift-to-implement inventory management software product on the market, Cin7 is ready to become the clear leader in the global IMS market,” said Jason Winsten, Partner, Rubicon. “The company has built a highly differentiated IMS solution that solves a critical and complex problem for growing merchants selling their products through multiple online and offline channels. Cin7’s proven ability to capture global market share provides a strong foundation for continued growth, which we plan to aggressively accelerate with our investment in and partnership with the Cin7 team.”
The investment is subject to approval from New Zealand’s Overseas Investment Office.
Media Contact:
David Leach
p: +64 21 586 715About Cin7
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 www.cin7.comAbout 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- : Shreya Patil
- : Head of Marketing
- : Shreya.Patil@Cin7.com
- : 6421709368
World cup for rural connectivity
- : Wireless Internet Service Providers Association of NZ
- :
Saturday’s Rugby World Cup experience shows that New Zealand deserves a Broadband World Cup for getting broadband to its rural communities.
That’s the view of WISPA.NZ, the industry group supporting 28 Wireless Internet Service Providers who collectively provide broadband to an estimated 70,000 mostly rural customers.
“The great news is that WISPs dealt with the surge in traffic almost faultlessly,” WISPA Chairman Mike Smith said. “The problems were with the international link, and with some customer devices. But the part in between worked to perfection.
“WISPs can claim a lot of credit for bringing rural Kiwis in from the broadband boondocks. Tens of thousands of rural homes and businesses now have broadband at city speeds and city prices, with the number increasing daily.
“That’s something we wouldn’t have dreamed of a decade ago. Rural communities in New Zealand have far better broadband than most other Rugby World Cup countries, notably Australia.
“WISPs are committed to finishing the job, with government support, so every rural home and business can enjoy the benefits for social inclusion, entertainment and business. Connectivity to 100% of the community is within our sights.”
ENDS
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BACKGROUND NOTES
· – Most WISPs, or regional telecommunications companies, are locally owned businesses founded in the early 2000s.
· – Initially they used their own capital, but in recent times 17 of them have received government funding through the Rural Broadband Initiative to expand their networks into remote areas that would otherwise be uneconomic.
· – About half WISP connections use “WISP Wireless” – a series of hilltop towers with radios that bounce the Internet signal from one to another, then down to the homes below. The other half are re-sold services from other telcos.
· – WISP wireless requires line of sight visibility. Hence it requires many more towers than cellular services, but these are much lower cost.
- : Mike Smith
- : Chairman
- : mike@ubb.nz
- : 0274503504
- : https://wispa.nz
Cin7 Hires David Leach as COO
- : Cin7
- : 19/09/2019
AUCKLAND, NEW ZEALAND – September 19, 2019 – Cin7, a global leader in inventory management software, has appointed David Leach as Chief Operating Officer. He joins the Cin7 executive team to lead sales, marketing, product development, support and implementation.
“We are very pleased to have David on board. We continue to grow and expand globally, and David has significant and very relevant experience in fast-growing global software companies,” said Founder and Chief Architect Danny Ing. “David will be critical as we execute our next phase of growth.”
Formerly Chief Operating Officer at ezyVet, a veterinary practice management software company, Leach has a long history of software leadership at fast-growing SaaS companies, including Orion Health and Qrious.
“Cin7 is an exciting business with a rapidly expanding customer base, a comprehensive product and a great team behind it,” said Leach. “In a fast-changing and increasingly complex world of retail and consumer buying behaviours, I believe Cin7 has what it takes to continue to innovate with speed and win big.”
For more information, visit www.cin7.com
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About Cin7
Cin7 is an all-in-one, cloud-based solution that provides real-time visibility, customizability and reporting for efficient inventory management across the supply chain. Cin7 includes built-in production, warehouse, POS and B2B eCommerce functionality along with a growing list of third-party integrations. Optimized for growing multichannel companies seeking robust inventory management at a fraction of the cost of a full ERP, Cin7’s “Connected Inventory” bridges the gap between suppliers and sales channels to deliver end-to-end supply chain control. Cin7 is a global business, headquartered in Auckland, New Zealand, and offices in the United States and the United Kingdom. To learn more, visit www.cin7.com.
- : Shreya Patil
- : Head of Marketing
- : PR@Cin7.com
- : 6421709368
TPC-Labour Local Government Campaign Launch – Media Advisory
- : The Peoples Choice-Labour
- : 27/08/2019
What: The launch of The People’s Choice – Labour Christchurch local government campaign.
Who: More than 30 Christchurch TPC-Labour Community Board, Environment Canterbury and Christchurch City Council candidates will be gathered together to kick-start the most diverse local government campaign in New Zealand’s history.
When: Saturday, August 31, 1:00pm.
Where: Oxford Terrace Baptist Church, 288 Oxford Terrace, Christchurch Central City, Christchurch.
“We believe that The People’s Choice and Labour 2019 Local Government campaign is the most -diverse and inclusive local body campaign in New Zealand history,” says Keir Leslie, The Peoples Choice Labour chair.
“Gathered in the heart of Christchurch on the last day of August are candidates that represent many different faiths and ethnic backgrounds but with one common purpose. That purpose is bringing Christchurch together.
“Our candidates are committed to working together for the good of the people of Christchurch.
“Our priorities are clean water, tackling climate change and keeping the city’s assets in public ownership.”
For more information or to speak with any of our candidates prior or post the TPC campaign launch:
Kevin List – Media advisor (021) 426 902
ENDS
- Selection outcomes as at 19th May-3
- : Kevin List
- : Media advisor - TPC campaign
- : Kevinlist145@gmail.com
- : 021426902
- : http://www.peopleschoice.org.nz