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Inertia Beverage Group, which provides an integrated sales and
marketing platform for wineries conducting direct-to
consumer-and direct-to-trade wine sales, announced recently that
it has raised $8 million in new equity capital through a Series
B financing led by Allegis Capital and Sid R. Bass Associates.
The new financing comes in the wake of Inertia's recent roll-out
of its direct-to-trade system allowing wineries to present their
wines to restaurants, retailers and consumers, in an online,
fully compliant environment. “The wine industry is
experiencing a fundamental change in its distribution model as
wineries push for increased direct sales to their consumer and
trade customers. As with other industries with which we have
been involved, the availability of the internet as a business
platform provides a foundation for the success of this
transition,” explained Bob Ackerman, Managing Director and
Founder of Allegis Capital. “Our confidence in Inertia comes
from its clear understanding of the integrated solution
requirements of this market as well as its demonstrated
leadership in the marketplace and customer traction.”
Winery direct sales to consumers have exploded over the past
five years leaving many wineries across the globe with the
challenge of managing data and customers coming in from various
points of purchase. Inertia provides both large multi-national
wine companies and small boutique wineries with a scalable
on-line platform that allows them to manage all customer
interactions, data and sales tools.
“Allegis Capital and Sid R. Bass Associates understand the
tremendous growth and potential associated with direct sales in
the wine industry,” said Inertia CEO Paul Mabray. “Their support
and demonstrated e-commerce expertise put IBG in a strong
position to increase our technological lead in direct sales
services and to accelerate our plans to be the engine that fuels
the expansion of the direct wine sales channel.”
“Inertia has built an impressive, fully integrated software
as service platform that solves the wineries most critical
points of pain - marketing and selling directly to consumers and
the trade to grow sales, increase profitability, control their
brands, compliance, and gain access to sophisticated online
marketing programs,” said Paul Pappajohn, Partner at Sid R. Bass
Associates.
As part of the transaction, Bob Ackerman and Paul Pappajohn
have joined the Inertia Beverage Board of Directors.
Inertia Beverage Group, based in Napa, California, is the
premier provider of web-based technology used by wineries to
manage direct sales and marketing. Inertia's REthink Engine
technology is at the heart of the direct sales and marketing
efforts of more than 300 wine brands. Inertia's technology and
services affords wineries an integrated platform from which they
can manage customer data, online sales to consumers and the
trade, on-line content, product fulfillment, wine clubs and
e-mail based sales campaigns.
For more information, please visit
www.inertiabev.com |