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Proof Network Ventures, Inc. Completes Acquisition of Drync, Inc., Increases Retail Store Coverage Across U.S.

Posted on March 07, 2019

Tampa, FL – Proof Network Ventures Inc., a technology development and data solutions company serving the beverage alcohol industry, today announced its acquisition of Drync, a private-label mobile application and ecommerce solution for beverage alcohol retailers.

Proof Network Ventures purchased Drync seven months after completing its acquisition of Tipsi, another provider of private-label mobile ecommerce solutions. Financial details of this latest purchase are not being disclosed.

“We are excited by this transaction, as it allows us to significantly increase our coverage at the retail tier,” says Proof Network Ventures’ CEO Alex Miningham. “Our combined retail coverage now includes more than 200 stores across 15 states, which is a larger footprint in aggregate than Total Wine, one of the industry’s most notable retailers.”

“We couldn't be more pleased about this next chapter for Drync,” says Brad Rosen, CEO of Drync. “Proof Network Ventures impressed us not only with their ambitious vision within the beverage alcohol market, but also their commitment to leverage, invest-in, and broaden the Drync platform - offering expanded services to our many retail customers and the beverage alcohol industry at large.”

Over the coming months, the Proof Network Ventures technology team will be focused on merging the Tipsi and Drync platforms into a single, best-in-class, mobile and web ecommerce solution for beverage alcohol retailers. Highlights of the new platform include product delivery and pickup, streamlined order management, in-store and online marketing solutions, and robust analytics and reporting.

Throughout 2019, Proof Network Ventures will also be expanding its brand partnership solutions, which deliver product-specific content and promotions to highly targeted and intelligently segmented consumer audiences that span across its retail store network.

For more information, please email press@proofnetwork.io or visit www.proofnetwork.io.

About Proof Network Ventures:

Proof Network Ventures is a technology development company that builds and scales enterprise software products for the global beverage alcohol industry. The company also delivers proprietary data-driven solutions for brands, wholesalers, and retailers that leverage artificial intelligence and machine learning to drive meaningful business impact. For more information, please email press@proofnetwork.io or visit http://www.proofnetwork.io.

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