Fishbowl Inventory

Last updated
Fishbowl Inventory
Company type Private
Industry Software
Founded2001;24 years ago (2001)
Headquarters Orem, Utah, United States
ProductsInventory Management Software
Number of employees
150 (January 2018)
Website fishbowlinventory.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]

Contents

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. 1 2 3 4 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. 1 2 3 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.