Fishbowl Inventory
{{Short description|Utah-based software company}}
{{Infobox company
| name = Fishbowl Inventory
| logo = Fishbowl Logo.png
| type = Private
| foundation = {{start date and age|2001}}
| location = Orem, Utah, United States
| key_people =
| industry = Software
| products = Inventory Management Software
| num_employees = 150 (January 2018)
| homepage = {{URL |fishbowlinventory.com}}
}}
Fishbowl (formerly ExpressTech Holdings) is an Orem, Utah-based software company that develops and publishes inventory management software and related software.{{cite news|url=http://ronrowellcpa.com/fishbowl/PDF/media_reviews/Utah_Business_Fast50.pdf | title=Fishbowl Named Sixth-Fastest Growing Company in Utah | publisher="Utah Business Magazine" | date=September 2008}}
History
Fishbowl was formed in 2001 by Chuck and Beverly Hale, two business owners in Salt Lake City. The pair invested $3 million into the software company.{{cite news|url=http://www.uvmag.com/springbiz08/38_39.htm |title=Fastest-Growing Companies |publisher="Utah Valley BusinessQ" |date=Spring 2008 |url-status=dead |archive-url=https://web.archive.org/web/20110518205728/http://www.uvmag.com/springbiz08/38_39.htm |archive-date=May 18, 2011 }}
In 2015, Fishbowl was named to a list of companies for employee financial security. Fishbowl has also earned a number of business awards for its revenue growth from organizations such as Inc. 5000, Deloitte, MountainWest Capital, and Global Red Herring.{{cite web|url= http://www.inc.com/profile/fishbowl-inventory| title=Fishbowl Inventory | work=Inc. 5000 | access-date=November 6, 2015}}{{cite web | url=http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast-500-2014-winners%27-brochure-121114.pdf | title=Deloitte's 2014 Technology Fast 500 | work=Deloitte Development LLC | access-date=November 6, 2015 | archive-date=December 4, 2015 | archive-url=https://web.archive.org/web/20151204044853/http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast-500-2014-winners%27-brochure-121114.pdf | url-status=dead }}{{cite web|url= http://www.mwcn.org/year-2-for-radiate-media-as-utahs-fastest-growing-company-for-2013-by-mountainwest-capital-network/ | title=Year 2 for Radiate Media as Utah's Fastest Growing Company for 2013 by MountainWest Capital Network | work=MountainWest Capital Network | date=October 22, 2013}}{{cite web|url= http://www.redherring.com/events/red-herring-global/2012-top-100-global-winners/ | title=Deloitte's 2014 Technology Fast 500 | work=Deloitte Development LLC | access-date=November 6, 2015}}
In December 2021, Fishbowl was acquired by Diversis Capital Management, LP, a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organizations.{{cite news|url= https://www.fishbowlinventory.com/news/diversis-capital-announces-acquisition-of-fishbowl | title=Diversis Capital Announces Acquisition of Fishbowl | publisher="Fishbowl" | date=December 1, 2021}}{{cite news|url= https://www.prnewswire.com/news-releases/diversis-capital-announces-acquisition-of-fishbowl-301434644.html | title=Diversis Capital Announces Acquisition of Fishbowl | publisher="PR Newswire" | date=December 1, 2021}}
Acquisitions
Diversis Capital, via its portfolio company Fishbowl, acquired Red Salt in 2022.{{Cite web |last= |date=2022-09-10 |title=Fishbowl Inventory buys Red Salt |url=https://slenterprise.com/index.php/news/6053-fishbowl-inventory-buys-red-salt |access-date=2024-12-05 |website=Salt Lake Business Journal |language=en-gb}}
In 2023, the company acquired Sellware.{{Cite web |last=FinSMEs |date=2023-02-05 |title=Fishbowl Inventory Acquires Sellware |url=https://www.finsmes.com/2023/02/fishbowl-inventory-acquires-sellware.html |access-date=2024-11-07 |website=FinSMEs |language=en-US}}
Products
The company's flagship product, formerly called Fishbowl Inventory, is inventory management software that integrates with QuickBooks. It separated into three products, Fishbowl Manufacturing, Fishbowl Warehouse, and Boxstorm, which is a SaaS product.{{cite news|url=http://www.accountingtoday.com/news/Fishbowl-Adds-Manufacturing-Inventory-System-52068-1.html | title=Fishbowl Adds Manufacturing to Inventory System | publisher="WebCPA" | date=October 19, 2009}}{{cite news | url=http://warehousesoftware.org/warehouse-software-news/easing-mobility-in-warehouse-management/ | archive-url=https://archive.today/20120728173003/http://warehousesoftware.org/warehouse-software-news/easing-mobility-in-warehouse-management/ | url-status=dead | archive-date=July 28, 2012 | last=Brousell | first=David | title=Easing Mobility in Warehouse Management | publisher="Managing Automation" | date=April 3, 2010 }} As of 2009, Fishbowl has been the top-selling manufacturing and warehouse management product for QuickBooks since 2003.{{cite news|url=http://www.itworld.com/small-business/63727/extending-quickbooks-fishbowl-inventory | last=Gaskin | first=James | title=Extending QuickBooks with Fishbowl Inventory | publisher="IT World" | date=March 4, 2009}}
In addition, Fishbowl Manufacturing, Fishbowl Warehouse, and Boxstorm claim to integrate with QuickBooks Online and other technology.{{cite web|url= https://www.fishbowlinventory.com/fishbowl-integrated-solutions/ | title=Integrations | work=Fishbowl | access-date=November 6, 2015}}
Boxstorm is a cloud-based inventory management software and mobile app created in 2017 by Fishbowl.{{cite news|url=https://www.intuitiveaccountant.com/vendor-news/qbo-app-first-look-boxstorm-by-fishbowl/#.W7UCHPZFyAi | last=Murphy| first=William| title=QBO App First Look: Boxstorm by Fishbowl | publisher="Insightful Accountant" | date=February 2, 2018}} Boxstorm is intended for small businesses.{{cite news|url=https://www.pymnts.com/news/b2b-payments/2018/fishbowl-inventory-management-tech/ | title=Fishbowl Talks: What Businesses Risk Without Inventory Tech | publisher="PYMNTS.com" | date=June 22, 2018 | access-date=September 26, 2018}}
The free version of Boxstorm is called Boxstorm Forever Free. Fishbowl claims it is the first no-cost online inventory management software to integrate with QuickBooks Online.{{cite news|url=https://www.capterra.com/p/159774/Boxstorm/ | title=Boxstorm | publisher="Capterra" | access-date=September 26, 2018}} It can be used to scan barcodes, add inventory, perform cycle counts, assign units of measure, and create locations to store inventory.{{cite news|url=https://www.accountingtoday.com/news/fishbowl-offers-free-inventory-management-software-for-qbo | last=Arrowsmith | first=Ranica | title=Product news: Fishbowl offers free inventory management software for QBO | publisher="Accounting Today" | date=July 6, 2018 | access-date=September 26, 2018}}
There are three paid versions of Boxstorm that include other features, such as sales orders, purchase orders, vendors, taxes, stock alerts, and user permissions.{{cite news|url=https://smallbiztrends.com/2018/06/boxstorm-free-inventory-management-system.html | last=Guta | first=Michael | title=Boxstorm Forever Free Offers an Online Inventory Management System for Small Businesses | publisher="Small Business Trends" | date=June 22, 2018 | access-date=September 26, 2018}}