New updates have been reported about GrubMarket (PC:GRUBM)
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GrubMarket, a leader in AI-driven technology for the food supply chain, has announced the acquisition of Procurant, a SaaS platform specializing in fresh food procurement and management. This strategic move enhances GrubMarket’s software offerings by integrating Procurant’s advanced tools, which include real-time collaboration and comprehensive supply chain visibility solutions. Procurant’s platform, known for its robust trading network and compliance features, connects over 850 customers globally, including major retailers like Costco and Walmart, handling $5.5 billion in annual transactions.
The acquisition aims to create synergies by combining Procurant’s capabilities with GrubMarket’s existing technology suite, such as WholesaleWare and GrubAssist AI. This integration is expected to enhance procurement efficiency and offer new AI-powered solutions to the fresh food industry. GrubMarket’s CEO, Mike Xu, emphasized the potential for digital transformation across the supply chain, highlighting the benefits for both existing and new customers. The move positions GrubMarket to further strengthen its role as a key player in the digital transformation of the American food supply chain, leveraging AI and SaaS to drive innovation and efficiency.