Financial Information Technologies, LLC (“Fintech”), the leading provider of business solutions for the spirits industry, today announced the acquisition of STX Business Solutions , a powerful web-based data management platform for the consumer product packaging (CPG) and retail industry based on Microsoft Power BI. Through this addition, Fintech continues to drive the development of its data capabilities and further strengthens its commitment to the spirits industry.
“We are pleased to join the Fintech team; their success and leadership in the industry will provide exceptional support as we continue to develop our products and services,” said Jon Thompson , co-founder of STX Business Solutions. “STX was created with the desire to provide support and insight to companies in the complex alcohol industry, and partnering with Fintech allows us to expand our reach.”
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Founded in 2017, STX’s intuitive technology consolidates data points from multiple sources, creating reliable and actionable data reports that accelerate business performance. Through this scalable platform, STX users access up-to-date trend analysis, enabling alcoholic beverage suppliers, distributors and retailers to track product success and performance. The addition of STX Business Solutions reinforces the integrity that supports Fintech’s vast data offering for hundreds of thousands of businesses across the country.
“By combining STX’s powerful business intelligence tools with Fintech’s industry-leading data platform, we will have the ability to seamlessly extend our offering across the three-tier system, facilitating operation within the Fintech industry. alcohol while driving higher returns for our customers, “said Amber Muehlbach , co-founder of STX.
“We are excited to bring into the STX team and their years of data and retail experience to further cement Fintech’s position as the leading provider of data and technology to the spirits industry,” said Tad Phelps , Principal Fintech executive. “The STX product suite will strengthen our industry-leading offering in the spirits market.”
The STX acquisition closed on June 30, 2021 and marks the fourth purchase since Fintech was acquired by TA Associates in August 2018. The STX Business Solutions team will integrate with Fintech, and all employees will continue with their daily activities as the alliance develops further.
