January 25, 2019 - TORONTO, ON
Volaris Group (“Volaris”) today welcomes FIVE x 5 Solutions to its expanding portfolio of companies in the global Drinks vertical.
FIVE x 5 provides the craft beverage industry, both distillers and brewers, with a cost-effective and comprehensive SaaS-based solution that manages everything from recipe management, to inventory tracking, to reporting and compliance. The company has over 430 customers across the US and internationally.
With increasing consumer demand for high quality, locally-produced, artisan products, the craft beverage industry has experienced considerable growth over the past few years. A flood of new entrants into the market has challenged producers to become more efficient, in a highly regulated market, while retaining sight of the quality and integrity of their products. FIVE x 5 addresses this competitive challenge with its craft brewery and distillery management software.
“Our customers are passionate about the products they create. Likewise, we are just as passionate about this industry and helping our customers succeed,” said Jason Lippa, President and Founder of FIVE x 5 Solutions. “The timing was right to further invest in our business and our customers. We could have gone the private equity or venture capital route to help realize our vision, but quickly realized that that would not provide us with a long-term foundation. Volaris is different. The company doesn’t buy businesses to sell them on again in the future. In addition, Volaris enables us to retain our independence, while investing in our technology and people. It was clear that Volaris would be the right home for our business, employees, and our customers.”
FIVE x 5 joins a growing list of companies within the Volaris Drinks vertical. Other Volaris businesses include DRAMS – which focuses on managing stock holdings for some of the world’s most recognized brands for mature spirits, and Gaina – a leading provider of ERP solutions to the Drinks and wider Fast-Moving Consumer Goods (FMCG) industries.
“The opportunity to collaborate and share best-practices with other like-minded companies servicing the global Drinks industry can only be positive for our customers,” continued Lippa. “We now have a wealth of knowledge to draw upon to help expand our footprint, bring new products to market, and deliver more value to our customers.”
FIVE x 5 maintains its brand, independence, and leadership under Lippa.
About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.
Kim Emmerson, CMO
Tel: +1 905.629.5297