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Nextworld Acquires Cloud Inventory, an Industry Leader in Mobile-First Inventory Solutions

Nextworld ERP software company announced that it has acquired Cloud Inventory, formerly known as Data Systems International, Inc. (DSI). Cloud Inventory is a leader in mobile-first inventory solutions, currently doing business on a global scale with thousands of customers across 50 different countries.

The transaction accelerates Nextworld’s strategy to redefine ERP by combining Nextworld’s core ERP solutions and no-code platform with Cloud Inventory’s uniquely-focused solutions including Warehouse Inventory, Manufacturing Materials, and Field Inventory.

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Cloud Inventory’s products augment Nextworld’s suite of solutions, leading to a richer offering for companies in both service-centric and product-centric industries. By joining forces, the companies bring together the best of mobile inventory capabilities and a new generation of ERP applications built on Nextworld’s Adaptive Architecture, enabling the newest technologies today and into the future.

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“Our Cloud Inventory products were designed to be ERP agnostic and we will continue to provide value to customers with any system. However, as we have watched Nextworld emerge into the market with a radical vision for the direction of the ERP industry, we saw a compelling opportunity to align with them,” says Mark Goode, President & CEO of Cloud Inventory.

“The Nextworld and Cloud Inventory teams share a common heritage having grown up in the ERP space. And with that shared heritage comes a common company culture,” adds Kylee McVaney, Nextworld CEO. “We are thrilled to have materially increased the size of our team that is dedicated to delivering value and cultivating happy, long-term relationships with customers.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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