Vermont-based MyWebGrocer being acquired by Florida firm
WINOOSKI, Vt. (AP) — A Vermont-based company that helps grocers with their online strategies announced Monday it was being acquired by a Florida company.
The acquisition of MyWebGrocer of Winooski by Miami-based MI9retail.com, a company that provides a variety of e-commerce products, will increase the ability of the Vermont company to service its customers with innovative technology, professional services, and industry expertise,” MyWebGrocer President of Retail Solutions Barry Clogan said in a release.
“Our technology and media businesses complement the Mi9 platform and will operate more efficiently with the scale and business process expertise that Mi9 has put in place,” Clogan said.
It’s not clear what the acquisition will mean for MyWebGrocer’s presence in Winooski. The majority owner of MyWebGrocer is the private equity firm HGGC, based in Palo Alto, California.
The value of the deal was not announced.
MyWebGrocer was started in 1999 by three brothers — Jerry, Brian and Rich Tarrant Jr. The Tarrant brothers still own part of the company.
The company describes itself as “a leading software and digital media company connecting Retailers, Manufacturers and Consumers through its suite of modular products and services.”
Last year, the MyWebGrocer said it employed about 300 people across the United States, Canada, England and Ireland.