Dear Systems
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Dear Systems - overview
Established
2012
Location
Denver, CO, US
Primary Industry
Software
About
Based in Colorado, US, and founded in 2012, Dear Systems, aka Double Entry Accounting Records, is a cloud-based inventory management software platform. Alexei Piltiaev and Serguei Piltiaev (CEO) are the co-founders of the company. The company serves small-to-medium sized retailers, wholesalers, manufacturers, and eCommerce product sellers. In February 2021, Cin7 Limited, a portfolio company of Rubicon Technology Partners, acquired Dear Systems.
The company provides inventory management software that includes features such as purchasing, sales, light manufacturing, accounting, e-commerce, B2B portal, point of sale, warehouse management system, automation, B2B payment solution, and advanced manufacturing. The firm serves industries such as retail, manufacturing, distribution, food manufacturing, wholesale, health and supplements, coffee roasting, and more. Dear Systems integrates with Easy Insight, StockTrim, TrueCommerce, the Dear API, Shopify, and more. The organisation generates revenue through its subscription plans, which include the standard plan for USD 325 per month, the retailing plan for USD 550 per month, and the manufacturing plan for USD 650 per month.
Current Investors
Cin7 Limited
Primary Industry
Software
Sub Industries
Sales & Marketing Software, Operating Systems (OS), Logistics Software, Customer Relationship Management, Application Integration Software
Website
www.dearsystems.com
Verticals
Big Data, Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Dear Systems - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Dear Systems | - |
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