Fishbowl Inventory

Utah-based software company
Fishbowl Inventory
Company typePrivate
IndustrySoftware
Founded2001; 25 years ago (2001)
HeadquartersOrem, Utah, United States
ProductsInventory Management Software
Number of employees
150 (January 2018)
Websitefishbowlinventory.com

Fishbowl is a software company based in Orem, Utah. It develops and publishes Inventory management software that provides Inventory control features and integrates with accounting platforms such as Intuit QuickBooks and Xero.[1]

History

Fishbowl was founded in 2001 by Chuck and Beverly Hale.[2][3] In 2004, David K. Williams was appointed CEO and Fishbowl released an inventory management tool integrated with QuickBooks and Xero.[4][5]

In May 2011, Fishbowl's management and employees completed a buyout of the founders' stake, financed by Zions Bank.[3][6]

In December 2021, Fishbowl was acquired by Diversis Capital, a private equity firm.[7] Following the acquisition, Fishbowl began to acquire other companies. In 2022, it purchased Red Salt, its Australian distribution partner, to serve as its Asia-Pacific headquarters.[7][8] In early 2023, Fishbowl acquired Sellware, a multi-channel e-commerce platform.[9]

Products

Fishbowl develops two main software products: Fishbowl Inventory and Fishbowl Manufacturing. Fishbowl Inventory provides businesses with real-time inventory tracking, order management, and warehouse tools.[3] Fishbowl Manufacturing includes all features of Fishbowl Inventory, along with manufacturing-specific capabilities, and integrates with Intuit QuickBooks and Xero.[3][7]

References

  1. ^ "2013 Utah Valley Business Award winners".
  2. ^ "Fastest-Growing Companies". "Utah Valley BusinessQ". Spring 2008. Archived from the original on May 18, 2011.
  3. ^ a b c d Harvey, Tom (August 8, 2011). "Employee ownership key to software maker revival". The Salt Lake Tribune.
  4. ^ "Fishbowl CEO: How We Survived a Series of Disasters".
  5. ^ Wilkinson, Rhett (August 16, 2011). "CEO finds living in a Fishbowl has its rewards". Deseret News.
  6. ^ Lee, Jasen (December 30, 2011). "Orem company Fishbowl celebrates success by paying back $1M loan". Deseret News.
  7. ^ a b c Mitchell, Rick (December 3, 2021). "O'Melveny Helps Diversis Capital Buy Inventory Manager Fishbowl".
  8. ^ "Fishbowl Inventory buys Red Salt". Salt Lake Business Journal. September 10, 2022.
  9. ^ "PE firm buys Cary e-commerce company; CEO predicts new tech jobs". Triangle Business Journal. February 6, 2023.
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