Fishbowl Inventory Explained

Fishbowl Inventory
Type:Private
Location:Orem, Utah, United States
Industry:Software
Products:Inventory Management Software
Num Employees:150 (January 2018)

Fishbowl (formerly ExpressTech Holdings) is an Orem, Utah-based software company that develops and publishes inventory management software and related software.[1]

History

Fishbowl was formed in 2001 by Chuck and Beverly Hale, two business owners in Salt Lake City. The pair invested $3 million into the software company and went through several CEOs in rapid succession.[2] [3]

In 2015, Fishbowl was named to a list of companies for employee financial security. Fishbowl has also earned a number of business awards for its revenue growth from organizations such as Inc. 5000, Deloitte, MountainWest Capital, and Global Red Herring.[4] [5] [6] [7]

In December 2021, Fishbowl was acquired by Diversis Capital Management, LP, a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organizations.[8] [9]

Products

The company's flagship product, formerly called Fishbowl Inventory, is inventory management software that integrates with QuickBooks. It separated into three products, Fishbowl Manufacturing, Fishbowl Warehouse, and Boxstorm, which is a SaaS product.[10] [11] As of 2009, Fishbowl has been the top-selling manufacturing and warehouse management product for QuickBooks since 2003.[12]

In addition, Fishbowl Manufacturing, Fishbowl Warehouse, and Boxstorm claim to integrate with QuickBooks Online and other technology.[13]

Boxstorm is a cloud-based inventory management software and mobile app created in 2017 by Fishbowl.[14] Boxstorm is intended for small businesses.[15]

The free version of Boxstorm is called Boxstorm Forever Free. Fishbowl claims it is the first no-cost online inventory management software to integrate with QuickBooks Online.[16] It can be used to scan barcodes, add inventory, perform cycle counts, assign units of measure, and create locations to store inventory.[17]

There are three paid versions of Boxstorm that include other features, such as sales orders, purchase orders, vendors, taxes, stock alerts, and user permissions.[18]

Notes and References

  1. News: Fishbowl Named Sixth-Fastest Growing Company in Utah . "Utah Business Magazine" . September 2008.
  2. News: Fastest-Growing Companies . "Utah Valley BusinessQ" . Spring 2008 . dead . https://web.archive.org/web/20110518205728/http://www.uvmag.com/springbiz08/38_39.htm . May 18, 2011 .
  3. News: Fishbowl Inventory . Gordon . Dick . "The Story" . October 3, 2012 . dead . https://web.archive.org/web/20121007004011/http://thestory.org/archive/The_story_100312.mp3/view . October 7, 2012 .
  4. Web site: Fishbowl Inventory . Inc. 5000 . November 6, 2015.
  5. Web site: Deloitte's 2014 Technology Fast 500 . Deloitte Development LLC . November 6, 2015 . December 4, 2015 . https://web.archive.org/web/20151204044853/http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast-500-2014-winners%27-brochure-121114.pdf . dead .
  6. Web site: Year 2 for Radiate Media as Utah's Fastest Growing Company for 2013 by MountainWest Capital Network . MountainWest Capital Network . October 22, 2013.
  7. Web site: Deloitte's 2014 Technology Fast 500 . Deloitte Development LLC . November 6, 2015.
  8. News: Diversis Capital Announces Acquisition of Fishbowl . "Fishbowl" . December 1, 2021.
  9. News: Diversis Capital Announces Acquisition of Fishbowl . "PR Newswire" . December 1, 2021.
  10. News: Fishbowl Adds Manufacturing to Inventory System . "WebCPA" . October 19, 2009.
  11. News: Easing Mobility in Warehouse Management . https://archive.today/20120728173003/http://warehousesoftware.org/warehouse-software-news/easing-mobility-in-warehouse-management/ . dead . July 28, 2012 . Brousell . David . "Managing Automation" . April 3, 2010 .
  12. News: Extending QuickBooks with Fishbowl Inventory . Gaskin . James . "IT World" . March 4, 2009.
  13. Web site: Integrations . Fishbowl . November 6, 2015.
  14. News: QBO App First Look: Boxstorm by Fishbowl . Murphy. William. "Insightful Accountant" . February 2, 2018.
  15. News: Fishbowl Talks: What Businesses Risk Without Inventory Tech . "PYMNTS.com" . June 22, 2018 . September 26, 2018.
  16. News: Boxstorm . "Capterra" . September 26, 2018.
  17. News: Product news: Fishbowl offers free inventory management software for QBO . Arrowsmith . Ranica . "Accounting Today" . July 6, 2018 . September 26, 2018.
  18. News: Boxstorm Forever Free Offers an Online Inventory Management System for Small Businesses . Guta . Michael . "Small Business Trends" . June 22, 2018 . September 26, 2018.

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