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Rootstock

Topic: Company

 From HandWiki - Reading time: 3 min
Rootstock
Formation2008
TypePrivate
PurposeEnterprise Software
HeadquartersSan Ramon, CA
CEO
David Stephans
Founder & Board Member
Pat Garrehy
Staff
200
Websitehttps://www.rootstock.com/

History

In 2006, The Danville Group, Inc. was founded by Pat Garrehy. In 2008, the Danville Group began conducting business under the trade name Rootstock Software.[1] [2]

Rootstock’s ERP software was originally created as a NetSuite platform, but was subsequently rewritten for the Force.com environment in 2011.[3]

In 2011, Rootstock received Series B funding led by Cross Atlantic Capital Partners, and additional funding from Salesforce[4]

In 2016, Rootstock launched general accounting modules, including accounts receivable, accounts payable and general ledger apps.[5]

In January 2018, Rootstock acquired Kenandy Inc., a developer of cloud ERP software.[6]

In 2018, Rootstock received Series C funding from Salesforce.

In 2020, Rootstock announced its adaptation of the Salesforce Lightning low-code environment.[7]

In 2022, Rootstock was acquired by Gryphon Investors, and David Stephans, president of Rootstock since 2011, was named CEO. Founder Pat Garrehy retains a seat on the board of directors.[8]

Technology

The Rootstock ERP software is built on the Salesforce customer relationship management (CRM) platform and provides manufacturers and distributors with the capabilities to operate using a project-based approach, including sales order management, forecasting, planning, manufacturing execution, and financials.[9]

Rather than targeting a specific industry vertical within manufacturing, Rootstock’s ERP software serves across the discrete manufacturing sector.[10]

In 2020, Rootstock adopted low-code capabilities in its cloud ERP, introducing the ability to create custom workflows, mobile apps, dashboards, and AI-powered functionality.[11][12]

Recognition

2010 NetSuite Suite App of the Year Award[13]

Frost & Sullivan 2016 North American Cloud ERP for Medical Devices Technology Leadership Award[14]

2017 THINK strategies Best of SaaS Showplace Award[15]

Nucleus Research Names Rootstock in Leaders Quadrant - ERP Technology Value Matrix[16][17]

2020 - Listed on Deloitte Technology Fast 500[18]

2021 - Named Best Seed to Sale Software by 10Buds[19]

2021 - Named Top 10 Best Supply Chain System Providers by Aspioneer[20]

References

  1. ↑ "The Danville Group". https://discovery.patsnap.com/company/the-danville-group/ . 
  2. ↑ "Rootstock Software: The Cloud ERP Solution for the Salesforce Platform". https://www3.technologyevaluation.com/research/article/rootstock-cloud-erp-plus-salesforce-platform-supports-users-effectively.html. 
  3. ↑ "Rootstock aims to thrive in the manufacturing industry cloud". 8 September 2015. https://diginomica.com/rootstock-aims-to-thrive-in-the-manufacturing-industry-cloud. 
  4. ↑ "Cross Atlantic Capital Partners Completes Its Most Recent Investment in Rootstock Software". https://www.bloomberg.com/press-releases/2011-10-25/cross-atlantic-capital-partners-completes-its-most-recent-investment-in-rootstock-software. 
  5. ↑ "Rootstock Rounding Out Its Cloud ERP Offerings". https://strativa.com/rootstock-rounding-out-its-cloud-erp-offerings/. 
  6. ↑ "Cloud ERP vendor Rootstock acquires competitor Kenandy". 10 January 2018. https://diginomica.com/cloud-erp-vendor-rootstock-acquires-competitor-kenandy. 
  7. ↑ "Rootstock delivers low code enabled ERP". https://www.enterprisetimes.co.uk/2020/08/06/rootstock-delivers-low-code-enabled-erp/. 
  8. ↑ "Gryphon Investors takes over Rootstock". https://www.enterprisetimes.co.uk/2022/08/02/gryphon-investors-takes-over-rootstock/. 
  9. ↑ "Rootstock's Cloud ERP—Getting Down to Business on the Salesforce Platform". https://www3.technologyevaluation.com/research/tec-report/rootstocks-cloud-erp-getting-down-to-business-on-the-salesforce-platform.html. 
  10. ↑ "Rootstock aims to thrive in the manufacturing industry cloud". 8 September 2015. https://diginomica.com/rootstock-aims-to-thrive-in-the-manufacturing-industry-cloud. 
  11. ↑ "Rootstock Software: The Cloud ERP Solution for the Salesforce Platform". https://www3.technologyevaluation.com/research/article/rootstock-cloud-erp-plus-salesforce-platform-supports-users-effectively.html. 
  12. ↑ "On Rootstock's low-code ERP and enabling the touchless factory". 6 August 2020. https://diginomica.com/rootstock-low-code-erp-touchless-factory. 
  13. ↑ "SuiteCloud 2010 - Recap". https://www.netsuite.com/portal/resource/articles/erp/suitecloud-2010-recap.shtml. 
  14. ↑ "Frost & Sullivan Awards Gala Draws in Top Industry Leaders for Prestigious Recognition". 12 January 2017. https://www.frost.com/news/frost-sullivan-awards-gala-draws-top-industry-leaders-prestigious-recognition/. 
  15. ↑ "Tag: Best of SaaS Showplace Awards". http://thinkstrategies.com/tag/best-of-saas-showplace-awards/. 
  16. ↑ "ERP Technology Value Matrix 2020". https://nucleusresearch.com/research/single/erp-technology-value-matrix-2020/. 
  17. ↑ "SMB ERP Technology Value Matrix 2022". https://nucleusresearch.com/research/single/smb-erp-technology-value-matrix-2022/. 
  18. ↑ "2022 Technology Fast 500 Winners". https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/fast500-winners.html. 
  19. ↑ "The Best Seed-to-Sale Software for Marijuana Businesses". 22 March 2021. https://www.10buds.com/industry/the-best-seed-to-sale-software-for-marijuana-businesses/. 
  20. ↑ "The 10 Best Supply Chain Solution Providers, 2021". 10 November 2021. https://aspioneer.com/the-10-best-supply-chain-solution-providers-2021/. 


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