DispenseSource Inc. Secures $10 Million Equity Investment. - Free Online Library
Summary
Business EditorsRANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Jan. 11, 2001Rancho Santa Margarita-based DispenseSource Gears Up to MeetSupply Chain Management Challenges in Office And MRO MarketplacesDispenseSource, automated inventory management innovator, Thursday announced they have secured a $10 million equity investment led by Mission Ventures of San Diego.Forrest, Brinkley & Brown of Newport Beach, Calif. also participated in the investment. DispenseSource Smart Inventory Solutions(TM) will make a significant impact in the supply chain as it relates to the distribution and tracking of indirect materials," said Robert Kibble, Mission Venture Managing Partner. To learn more about Mission Ventures visit www.missionventures.com.About Forrest Binkley & BrownForrest Binkley & Brown (FBB) is an established venture capital firm focused on investing in early stage and emerging growth technology companies that offer potential for a substantial increase in shareholder value and exceptional rate of return to investors.With offices in Newport Beach and San Diego, FBB invests primarily in companies located in Southern California. To learn more about FBB visit www.fbbvc.com.About DispenseSource Inc.DispenseSource provides automated, point-of-use inventory management systems for office supplies and maintenance, repair and operations (MRO) materials. The automated systems are designed to provide uninterrupted access to high-use, consumable office products and MRO supplies via easy-to-use dispensing cabinets.DispenseSources Smart Inventory Solutions(TM) are placed in corporate and industrial settings so that employees can gain access to supplies and materials whenever they need them without filling out a material requisition form or making a trip to the supply room.With DispenseSource Smart Inventory Solutions(TM), employees simply go to the dispensing unit nearest to them, swipe their ID card or enter their password, select the items they need, hit the re-order button and return to work.