Project Description

Applied Data Corporation

Prairie Capital Fund VI

Location Tampa, FL
Transaction Type Growth Buyout with Management
Investment Date November 2020
Business

Provider of fresh item management SaaS solutions for grocery and convenience stores

Industry Technology

Investment Rationale

  • Partnership with management team
  • Grocery and convenience stores increasingly adopting technology to manage fresh food creating large addressable market
  • Leading cloud-based solution that drives sales and reduces costs and food waste resulting in compelling ROI for customers
  • Strong recurring revenue and high customer retention

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • New Products
  • Add-on Acquisitions
Working with the Prairie team has brought true partners into our business. The team dynamic is positive and productive. I often feel like they are a full time part of our business. From a leadership perspective, I’ve been trusted and respected. I’m inspired by their belief in my vision and their willingness to roll up the sleeves and help our team win.
Shamus Hines, CEO