Cordance Completes Acquisition of Neatoscan, Inc., Joining Forces With Upright Labs
Secondhand and reseller listing and inventory management Neatoscan to come together with Cordance portfolio company Upright Labs
RALEIGH, N.C., March 7, 2023 (Newswire.com) - Cordance today announced its acquisition of Neatoscan, Inc. of Oakdale, Minnesota. The acquisition expands Cordance offerings in the market by leveraging the unique strengths of each of these companies. Founded in 2005, Neatoscan offers advanced barcode scanning and inventory management solutions to enable supply chain management for resellers. Founded in 2017, Upright Labs provides an innovative multi-channel listing tool and complementary inventory tools coupled with high-impact services to empower online reselling.
The combined entity will offer a comprehensive suite of solutions to secondhand online retailers, including multi-channel listings, book reselling tools, and supply chain management. These capabilities are coupled with implementation and advisory services that help resellers and secondhand thrift stores improve operations, increase sales, and achieve growth.
"I've witnessed the impact that these solutions have on our customer's operations firsthand," Cordance CEO Sharon Love states. "The combined capabilities of Neatoscan and Upright Labs enable us to realize our vision of providing a comprehensive reselling solution for collectibles, books, and the broad range of products that secondhand online retailers provide to their customers. These retailers have an important role to play in our communities, and we are pleased to expand our support of their missions and sustainability initiatives."
"As we join the Cordance team, we are delighted to partner with Upright Labs. By joining forces, we create the industry's leading secondhand retail technology platform coupled with hands-on support when you need it. I am excited about the possibilities that this brings to our business and believe it will undoubtedly provide our clients with an unmatched e-commerce and customer experience," says Andy Heitke, Neatoscan co-founder.
"We are excited to bring together two industry leaders to deliver unparalleled value to our customers," said Siera Smith, President of Upright Labs. "With our combined expertise, we provide our customers with the most comprehensive solutions in the market, allowing them to take their businesses to the next level."
Neatoscan (neatoscan.com) has been ingrained in the reselling community for decades, providing a turnkey solution for pre-scan, receiving, repricing, inventory management, shipping, and reporting. Used in concert, its customers can simultaneously cross-list a variety of products to a wide range of platforms and save up to 80% on labor costs. With smart listing and management tools, Neatoscan can scale secondhand online opportunities.
Upright Labs (uprightlabs.com) partners with secondhand retailers to supercharge their e-commerce operations. Upright Labs has grown to be the trusted advisor for those organizations seeking operational efficiency and the ability to drive revenue to the bottom line. Services include streamlining and improving e-commerce, operations, sustainability, analysis, and financial growth for its clients. Upright Lister is the company's featured cloud-based multichannel listing and inventory tool.
Cordance (Cordance.co) is dedicated to accelerating the growth of vertically focused business-to-business (B2B) software-as-a-service (SaaS) companies through acquisition and long-term tactical and financial guidance.