ROCHESTER HILLS – Fred Ferber built a number of successful corporations on the strength of a business distribution software suite that provides comprehensive business intelligence. Now he?s selling his Conveyorware ?All-in-One? Business Distribution SaaS Software Suite and plans to use the proceeds to build a company for his 16 grandchildren.
What is Conveyorware? A complete business and accounting Software-as-a-Service package unlike any other on the market today that can help millions of businesses worldwide. Conveyorware manages customer information, inventory control, order fulfillment, parcel and common carrier shipping, invoicing/credits and returns processing. All operations, including point-of-sale and barcode inventory management, are seamlessly integrated with the accounting and financial functions. Conveyorware contains extensive data integrity validation and field sensitive help throughout.
Several of Ferber?s companies have become household names. Among them was House of Imports, an import and manufacturing company which sold over 3,000 unique items to over 25,000 North American customers. House of Imports was purchased by Cable Value Network which was ultimately acquired by the Home Shopping Network. Ferber then founded HoMedics, Inc., a home health care company which, upon reaching $300 million in annual revenue, was turned over to his children. Now he?s trying to do the same for his grand kids.
Today Conveyorware is the backbone of Ferber Midwest which serves the business needs of more than 1,000 fulfillment clients from a wide cross section of industries. These clients sell products and services through multiple channels, including Point-of-Sale, e-Commerce, commissioned agents, sales representative agencies and reverse logistics.
?The current potential market for this SaaS solution is over 43 million U.S. based small, mid-sized and home-based businesses.*? Ferber said. ?This market increases annually by over 2.7 million business start-ups. This group is part of the ever growing 120 million smart phone users, many of whom need a comprehensive, flexible tool to manage the full business cycle of offering goods and services to a global marketplace.? (*Based on census data from 2010.)
?Research shows that these business operators can?t always afford a licensed-model business software, but they would participate in an open-sourced, low-cost SaaS solution that could drive their business operations and growth.? Ferber added.
Conveyorware is focused on the end-user, not IT professionals. It was designed to meet the needs of businesses, not leaving it up to programmers to decide what is important. And for Ferber, taking care of his grandchildren is what is most important to him.
For additional information, including user case studies and presentation on the benefits offered by Conveyorware, click on Conveyorware.Com/Prospectus
