Tampa, Florida-based Applied Data Corporation has entered into an agreement to acquire Pinpoint Software, Inc., a provider of software solutions driving operational efficiencies and execution for grocers and other retailers, including its world-leading expiration date management platform, Date Check Pro.
The acquisition is a strategic addition to the ADC portfolio. This includes ADC’s fresh item management platform, FreshIQ and fulfillment orchestration platform, ShopperKit, and will result in a solution that reduces food waste and delivers higher sales, and ultimately goes beyond sustainability to a more regenerative approach for retailers.
For most in the global retail space, food waste is a top concern that impacts the bottom line. Both ADC and Pinpoint share a combined vision to arm retailers with the tools needed to drive sustainability results through a combination of quantification, analysis and action.
“ADC’s trajectory as a total store operations platform continues to expand to meet the needs of retailers in today’s evolving market,” said Shamus Hines, CEO of ADC. “Pinpoint helps retailers proactively track inventory expiration dates across the store and work together with shoppers to minimize food waste. As a company, we’re committed to enhancing all store operations for food retailers. With elevated consumer interest in sustainability, retailers are faced with the challenge to reduce food waste while also driving sales, and that is where both ADC and Pinpoint come into play.”
For nearly three decades, ADC has been a provider to over 20,000 grocery and convenience store locations. The company’s SaaS platform of industry-tailored retail solutions already includes fulfillment orchestration, recipe management, made to order, label printing, inventory and waste management, food traceability, production planning, ordering and temperature monitoring. With the addition of Pinpoint’s Date Check Pro, ADC will be able to offer additional reductions in shrink from expired products while also increasing customer satisfaction.
“At Pinpoint, we’ve always believed in driving efficiency and ensuring the freshest shopping experience possible for customers. ADC started in fresh and has a strong belief in helping retailers reduce waste,” said Andrew Hoeft, founder and CEO of Pinpoint. Combined with our shared emphasis on user adoption with solutions that are easy to use and learn, joining forces with ADC was a perfect marriage. By blending our teams’ knowledge and solutions, we will continue to push the limits of retail operations technology.”
With this acquisition, work will immediately begin on an integration between the platforms in the coming weeks, the ADC website will be enhanced to show the full scope of the combined company.
