Encompass Technologies Receives Strategic Investment From Cove Hill Partners

Investment Will Accelerate Growth and Innovation Designed to Revolutionize Data Flow and Connect the Three-Tier Beverage and Food Supply Chain

Encompass Technologies, a leading provider of cloud-based software for beverage and food industry suppliers, distributors, and retailers, announced that it has received a strategic investment from Cove Hill Partners (“Cove Hill”) to support the company in its next phase of growth.

“This partnership reinforces our vision for supply chains of the future. Our technology rails shorten the distance between suppliers, distribution networks, retailers, and ultimately consumers. These solutions connect the industry, provide better visibility and insights, and enable getting more products to the right people at the right time.”

Encompass’ suite of products include Encompass Cloud (ERP solution for distributors), Orchestra Cloud (ERP solution for suppliers), and the Connect product family that unifies the three tiers with eCommerce, data analytics, and CRM solutions. Digitally connecting the supply chain with its open ecosystem of partners enables tier-to-tier automation, process simplification, streamlined ordering and payments, transparency of data and insights, and predictive demand forecasting.

Recommended AI News: Zoom Introduces Category-Redefining Contact Center Solution

“Disjointed systems, manual processes, siloed data, and limited insights for demand planning in the beverage and food supply chain have resulted in consumer product scarcity or glut. The partnership with Cove Hill puts more power behind our goal of digitally connecting the supply chain to eliminate empty shelves and minimize product waste,” said Encompass CEO Jonathan O’Neil. “This infusion and partnership will help accelerate the growth of our Connect family of products that is transforming the way distributors, suppliers, and retailers work together.”

“Cove Hill is thrilled to partner with such an innovative company that is opening up the flow of data across the supply chain. Encompass has experienced incredible success to date and we look forward to supporting its bold product innovation, which will create value for customers and fuel continued growth,” said Justin Roberts, Co-Founder and Managing Director at Cove Hill.

Recommended AI News: Avanse Financial Services Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform

Kimberly O’Neil, COO of Encompass added: “This partnership reinforces our vision for supply chains of the future. Our technology rails shorten the distance between suppliers, distribution networks, retailers, and ultimately consumers. These solutions connect the industry, provide better visibility and insights, and enable getting more products to the right people at the right time.”

In late 2020, Encompass Technologies merged with Orchestra Software to serve suppliers and acquired Handoff Technologies to serve retailers. Today, the company leverages the combined expertise and innovative software to serve and connect each tier of the supply chain and provide an unprecedented level of integration. The merger was supported by Radian Capital, the growth equity firm that originally invested in Orchestra in 2018. Radian will continue to play an integral role in Encompass’ growth and success as a partner alongside Encompass and Cove Hill.

Recommended AI News: Social Commerce Drives Greater Digital Ad Spending, Finds New Report

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