DENVER--(BUSINESS WIRE)--Shopventory, a leading provider of inventory management and optimization solutions for medium to small size businesses, announced today its acquisition of certain assets from Minneapolis-based Otterology.com.
Shopventory has acquired the Otterology.com service, its customer base and various other related assets including Otterology trademarks and associated Internet domain names.
"Shopventory's success in helping SMBs optimize their inventory management while saving time and money has led to our rapid growth and positioned us as one of the leading inventory management solutions for retailers leveraging the power of Mobile Point of Sale (MPOS)," stated Dave Carlson, Shopventory Co-Founder and CEO. "Our client-centric service and return-on-investment focus for our customers put us in position to acquire the assets of Otterology."
Shopventory's industry-leading solutions for retailers include the capability to efficiently manage and track inventory across several MPOS providers including Square, Clover and PayPal Here. Shopventory's advanced inventory management and sales reporting solution seamlessly integrates with these point-of-sale vendors with more to be added in the near future.
"The opportunity offered by Shopventory to help us ensure the highest level of service for our customers was too great to pass up," said Mark Lazarchic, CEO of Otterology. "We are very pleased we were able to reach this agreement with Shopventory and we know Otterology.com customers will be highly impressed with the extensive range of the Shopventory service offering."
"The acquisition of these assets from Otterology.com will be additive to Shopventory's business and pushes us closer to being the vendor of choice for advanced inventory management," added Carlson. "Shopventory is already well known for offering an easy way to manage your entire business's inventory."
Shopventory, Inc. is a leading provider of inventory management and optimization solutions for medium to small size businesses. Shopventory optimizes its clients' inventory by analyzing past sales trends and offers advanced inventory management tools for mobile point of sale (MPOS) services like Square, Clover and PayPal Here. Shopventory is also the creator of Thrive the small business app that tracks sales, profits, social media, reviews and email marketing campaigns all in the palm of your hand.
Shopventory is a registered trademark of Shopventory, Inc. All other company names and service marks are the property of their respective owners.