GrubMarket announced that it has acquired the Canadian-based Funtech Software, a provider of e-commerce and online grocery software solutions. This acquisition is GrubMarket’s first venture overseas in a technology and R&D center.
GrubMarket, a west coast based food technology company provides Software-as-a-Service solutions to digitally transform the food supply chain.
“Funtech Software is a pioneer in building business-to-consumer (B2C) eCommerce software for physical and online grocery stores. With its profitable, cloud-based software platform, it has developed a reliable, fast-growing customer base in both Canada and the U.S.” said CEO of GrubMarket Mike Xu. It also enables GrubMarket to build an elite software engineering R&D center in Vancouver, leveraging the deep software engineering talent pool available there. Moreover, this acquisition supplements our current software offering to power both B2B and B2C activities in the food supply chain industry.”