"The acquisition advances a strategy outlined when European growth investor Verdane took a majority stake in Cropster in October 2024, signaling an intent to expand internationally through mergers and acquisitions. Cropster has not publicly disclosed the financial terms of the Firescope acquisition, but a company announcement today said further acquisitions are planned as Cropster deploys a "sizable war chest" from Verdane."
"Founded in Seoul in 2020 by entrepreneur Jason Jin, Firescope developed an all-in-one roast profiling and roastery management app with real-time roast graphs, cloud logging and simple, self-service setup. The company expanded its user footprint throughout South Korea, Japan and elsewhere in Asia, reaching approximately 3,000 users. In 2023, Firescope began publishing support documentation in English, signaling further market expansion."
""Joining Cropster provides us with the resources and reach necessary to bring our solutions to small roasters worldwide," Jin said in Cropster's announcement. "We're excited to join Cropster, whose deep industry expertise will help us improve how roasters access and utilize data to grow.""
Cropster acquired South Korean roaster software maker Firescope to advance international expansion and broaden its roastery software offerings. Verdane took a majority stake in Cropster in October 2024 and enabled an acquisition-driven growth strategy, with Cropster deploying a "sizable war chest" for further purchases. Financial terms of the Firescope deal were not disclosed. Firescope was founded in Seoul in 2020 by Jason Jin and built an all-in-one roast profiling and roastery management app featuring real-time roast graphs, cloud logging and self-service setup. The company reached roughly 3,000 users across South Korea, Japan and other parts of Asia and began publishing English support documentation in 2023. Firescope will remain a fully supported standalone product initially before integration into the Cropster portfolio over the next 12 months.
#mergers--acquisitions #coffee-roasting-software #international-expansion #private-equity-investment
Read at Daily Coffee News by Roast Magazine
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