CenterStone Technologies, Inc.
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CenterStone Technologies, Inc. - overview
Established
2000
Location
Denver, CO, US
Primary Industry
Internet
About
CenterStone Technologies, Inc. is a provider of advanced B2B ecommerce solutions designed specifically for manufacturers and retailers, enhancing their digital merchandising capabilities for efficient procurement. Founded in 2000 and headquartered in Denver, US, CenterStone Technologies, Inc. specializes in B2B ecommerce solutions.
The company has undergone a strategic pivot to focus on enhancing digital merchandising for its clients. On November 7, 2018, PlumRiver LLC acquired CenterStone Technologies, Inc. , further strengthening its service offerings. The CEO of the company is Tom Detmer, who has a history of leading technology firms.
CenterStone Technologies, Inc. offers advanced B2B ecommerce solutions through its flagship platform, Elastic Suite. This platform provides a standardized digital merchandising experience, helping manufacturers and retailers address procurement challenges. Elastic Suite includes features such as streamlined order entry, inventory management, and online payment functionalities, enabling clients to optimize their sales strategies and enhance ecommerce relationships, particularly in North America and Europe.
CenterStone Technologies, Inc. operates on a subscription-based revenue model, primarily through the licensing of the Elastic Suite platform. This structure allows clients to access advanced digital merchandising tools tailored to their needs. Revenue is generated from tiered subscription plans designed to cater to various client requirements, facilitating direct engagement between manufacturers and retailers.
CenterStone Technologies plans to leverage its latest funding round of USD 130,000 from its Venture Debt deal to invest in the development of new features for the Elastic Suite platform. The company aims to target new geographic markets, specifically focusing on expanding its footprint in Europe by 2023. This growth initiative follows the acquisition by PlumRiver LLC, with the integration of shared resources anticipated to enhance product offerings.
Current Investors
Boulder Ventures, Hillman Company, Rader Reinfrank & Co.
Primary Industry
Internet
Sub Industries
Web Applications, Application Integration Software
Website
www.centerstonetech.com
Verticals
E-commerce, FinTech
Total Amount Raised
Subscriber access only
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