AUSTIN, Texas and LONDON (PRWEB) October 14, 2020
NETSTOCK, a leading provider of inventory planning and optimization software for small and mid-sized enterprises, today announced a majority growth investment from Strattam Capital. With more than 1,600 customers and 16,000 users worldwide, NETSTOCK will use this growth capital to expand to meet customer demand in North America.
NETSTOCK helps its global customers manage over $15 billion of inventory and plan 100 million items per month through their Software-as-a-Service platform. The risk-based inventory planning and demand forecasting solution is swift to implement and easy to master, focusing inventory planners on key items that matter. NETSTOCK integrates with over 40 different ERPs, including Sage, NetSuite, Microsoft Dynamics, SAP B1, and Acumatica.
NETSTOCK was founded in 2009 by the current management team, Tony Sinton, Barry Kukkuk, Craig de Kock, and Andy Hiscox, who bootstrapped the business through this point and will be significant ongoing owners in the franchise. The NETSTOCK platform is the second inventory focused solution they have brought to market and leverages their more than 30 years of experience. This deep domain expertise has been adapted in the platform, bringing inventory best practices traditionally only available to the largest of enterprises to small and mid-sized organizations.
“With 40% of small and mid-sized merchants utilizing spreadsheets to manage inventory, our platform provides these companies with a visual solution to efficiently improve KPIs, forecast, and automate ordering”, said Tony Sinton, CEO of NETSTOCK. “The investment by Strattam will allow us to accelerate growth in North America while continuing to provide an advanced inventory planning and analytics solution that is the smart solution for affordable, quick, and easy inventory planning.”
Tony Sinton will continue as CEO of NETSTOCK. The company operates globally with employees in four key geographies – US, Australia, South Africa, and the United Kingdom. The platform is used by customers in distribution, manufacturing, retail, and warehousing to minimize stock-outs, reduce excess inventory and improve time to order. Customers include Traeger Grills, KC Hilites, Rodo Limited, TraffiGlove, Kitchen Warehouse, Edgar Edmondson, Pharma Dynamics, and Zebbies Lighting.
“We are excited to welcome NETSTOCK to the Strattam portfolio,” said Hilary Fleischer, Partner, Strattam Capital. “With their best-in-class solution and a founding team with deep industry experience, NETSTOCK embodies the type of company in which we invest. We look forward to building the future with the team, expanding their business in North America, and delivering robust inventory management solutions to growing companies.”
NETSTOCK was founded in 2009, with the vision of delivering cloud-based inventory optimization solutions to small and medium sized businesses around the world. The founders of NETSTOCK, Tony Sinton, Barry Kukkuk, Craig de Kock and Andy Hiscox, have collectively been leading the development of inventory optimization solutions since the late 1980s.
Today, NETSTOCK is a leading inventory optimization platform serving over 1600 customers around the globe, managing over 100 million products with a combined inventory holding of $15.5 billion. At its core, NETSTOCK believes that every small and medium sized business deserves to compete in the market. With its advanced cloud-based solution, customers of NETSTOCK are able to achieve a reduction in excess stock, faster ordering times, and a reduction in stock-outs, ensuring optimal inventory investment.
Strattam Capital invests in founder-led independent B2B software and technology companies outside of Silicon Valley. We believe in aligning with founders and CEOs before signing, via our Five-Point Plan process to allow execution with purpose, excitement, and efficiency. Headquartered in Austin, TX, we connect companies with the people, process and scale needed to reach their potential.