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Fintech Makes First Strategic Acquisition with Purchase of Lilypad Solutions, LLC

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Financial Information Technologies, LLC (“Fintech”), the leading business solutions provider for the beverage alcohol industry, today announced that it has acquired Lilypad Solutions, LLC, the alcohol industry’s ultimate sales platform. The strategic acquisition enhances Fintech’s unique technology offerings, expands its expertise and broadens its client base nationwide.

Fintech created the first electronic payment tool for alcohol purchasing in 1991, and has since grown to provide a progressive, integrated platform that streamlines processes and improves operations at every stage of beverage alcohol management for thousands of clients across the country. The company’s portfolio of products equips organizations that sell alcohol with dynamic resources to improve business efficiencies. Together, Fintech’s complete, technology-driven platform and Lilypad’s dynamic sales tools will provide a comprehensive solution to all industry participants.

“We are pleased to add Lilypad’s quality services and robust client roster to our existing portfolio, and we look forward to working with Lilypad co-founders, CEO Eric Rabinovitz and CTO Pete Ladis,” said Tad Phelps, President of Fintech. “This acquisition further validates Fintech’s commitment to our clients, and will allow us to combine our industry-leading, actionable data with Lilypad’s innovative sales tools to provide invaluable solutions to the supplier market. It also expands our professional network of employees, and lays the foundation for expansive growth for both companies through new product innovations and other strategic advancements.”

Since 2014, Lilypad Solutions has served suppliers and distributors with a focus on empowering sales teams, improving cross-tier communication, and creating data insights that promote growth. Today, Lilypad partners with hundreds of beverage alcohol companies and remains committed to expanding product offerings that streamline sales processes and maximize client profitability.

“Lilypad originated from a desire to solve problems for distributed sales teams. Our early adopters included many of the top brands in beverage alcohol who helped hone our product to meet the unique challenges faced by those selling in the three-tier system,” said Eric Rabinovitz. “We’re extremely proud and honored to continue our journey with Fintech. Together, we will accelerate our existing platform’s growth while delivering new technologies that improve the way our clients operate in a hyper-competitive market.”

The acquisition, which is a first for Fintech, was completed in the first quarter of 2019. Eric Rabinovitz will join the Fintech executive team and both Fintech and Lilypad Solutions will continue with their normal day-to-day operations as the partnership develops further.

 

SOURCE Fintech


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CCELL®

CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer

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SHENZHEN, China, April 15, 2024 /PRNewswire/ — CCELL®, the world’s leading technology brand focused on creating trendsetting vape hardware products and advanced vaporization technology, today announced the launch of the Eco Star, the company’s all-in-one vaporizer focused on sustainability, wide-ranging oil compatibility, and ease of use.

The Eco Star’s casing material is made of biodegradable and plant-based PLA, a material that can be decomposed by bacteria or other living organisms. By adopting this type of eco-friendly casing, CCELL seeks to provide an option that can reduce the cannabis industry’s overall environmental impact and build a more sustainable society.

Built within the casing is a removable and recyclable lithium-ion battery. This thoughtful pull-apart design allows consumers to easily remove the battery before disposing of the casing, empowering them to contribute towards a greener Earth.

The Eco Star also features complete compatibility with all types of cannabis oils, clog-free dual air vents, and an isolated airway that ensures the cleanest possible vapor.

With increasing environmental challenges worldwide and tightening regulations on vape products, the Eco Star was introduced with the intention of raising environmental awareness across the industry.

The company has also implemented other measures to align its practices with its long-standing sustainability-focused values. These include offering biodegradable and plant-based PLA mouthpieces among its customization options. Additionally, the company uses energy-efficient aqueous processing in producing its patented ceramic heating cores to reduce greenhouse gas emissions.

Before the product’s official launch, CCELL provided their customers and consumers with an early look at the Eco Star at TPE24 and Hall of Flowers Ventura in the US, and Spannabis Barcelona in Spain.

Disclaimer for battery disposal: CCELL does not recycle lithium-ion batteries. Battery recycling requirements may vary by country, city, etc. Please contact your local recycling center for more details before disposal.

About CCELL®

CCELL® is a technology brand and global innovator in the portable vaporizer space that revolutionized the industry by introducing the ceramic heating component. CCELL® was born in the headquarters of Shenzhen Smoore Technology Limited, which has more than 10 years of expertise in the vaporization industry. With advanced R&D resources, patented technologies, strong production capabilities, and reliable quality control systems, CCELL® is recognized around the world for its exceptional vaporization technology and top-quality devices.

Learn more about CCELL® at www.ccell.com as well as on LinkedIn, Instagram, Facebook, Twitter, and YouTube.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/ccell-launches-environmentally-conscious-eco-star-aio-vaporizer-302116454.html

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