GrubMarket made headlines all throughout the month of May thanks to its ambitious expansion strategy. In its most recent announcement, the company revealed yet another pivotal agreement, as it completed the acquisition of San Carlos, California-based data analytics and business intelligence solutions provider QBIX Analytics.
“Food is a sophisticated and increasingly complex industry that has amassed huge amounts of data. Acquiring, processing, and analyzing this data is paramount to the evolution and digitization of the food supply chain,” said Mike Xu, Chief Executive Officer of GrubMarket. “Jeff, Tim, and the QBIX team have a sterling reputation in the data analytics space and have worked with hundreds of top-tier customers across a wide range of industries, including agriculture, food, and logistics. We’re excited for QBIX to join the GrubMarket family to bring their high-quality and reliable data analytics and business intelligence expertise to our ecosystem. This acquisition enables GrubMarket to further strengthen our technology capabilities and software services for our wholesale customers.”
QBIX began in 2015 and is managed by Founders Jeff Carlson and Tim York. The company specializes in implementing data solutions and performing system integrations to aid customers in improving sales and operational efficiencies.
The solutions provider’s primary product offerings include data cleansing and enrichment, data pipeline development and storage, financial modeling and analysis, automated reporting and alerting, data integrations, and more. With the extent of its services, QBIX has been able to identify millions of dollars in revenue opportunities for hundreds of well-known companies.
“We are thrilled to join the GrubMarket team. Data management has become a vital asset for effectively managing today’s food supply chain, so we’re excited for the opportunity to leverage our 25-plus years of advanced data analytics experience to help improve the food supply chain industry,” commented York. “We feel our business experience combined with deep technical expertise puts us in a unique position to help further GrubMarket’s mission to digitally transform this under-digitized sector. We have worked with the GrubMarket team for a while and have seen firsthand how committed they are to building out a well-integrated and industry-leading software solution to enable more streamlined e-commerce throughout the food supply chain.”
To read more about this recent transaction, click here.
Something tells me this isn’t the last expansion announcement from GrubMarket, so stay tuned as we report on this rapidly evolving company and more.
