Prairie Capital VI, LP partnered with CEO Shamus Hines and team to recapitalize Applied Data Corporation (“ADC” or the “Company”). Headquartered in Tampa, FL, ADC is a leading provider of fresh item management technology for grocery and convenience stores. ADC’s solutions are designed to optimize food retailers fresh ordering and production, find and reduce food waste, improve inventory freshness and availability, manage food safety, properly label fresh items, and track recipes and costs all in one easy to use system.
For nearly 30 years, ADC has been a trusted provider to more than 120 grocery and convenience store chains and is deployed in over 20,000 locations. The company’s SaaS platform, FreshIQ®, allows customers to effectively plan, prepare, and deliver fresh food items to their shoppers. The all-in-one, user friendly platform leverages over thirty years of industry expertise to provide the most robust cloud solution on the market.
ADC is well positioned to benefit from the increased adoption of technology to manage fresh items. As consumers increasingly prefer healthier, locally sourced foods, grocery and convenience stores are prioritizing fresh and prepared food products to attract shoppers and create brand loyalty. Additionally, growth in e-commerce and omni-channel fulfillment is creating new inventory management challenges. As a result, store operators are turning to fresh item management software to better deliver shoppers the freshest product possible while increasing sales, reducing food waste and minimizing labor costs through aligning production with real-time sales demand.
Prairie Capital and the management team plan to accelerate growth through company-building investments in human capital, sales and marketing, product development, and add-on acquisitions.
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