Jump Technologies was founded in 1998 in Eagan, Minn. by Rhys Perry and John Freund, who continues to serve as CEO of the company. John was an innovator in the bar coding space, seeing opportunities to automate and simplify tasks in the supply chain. The company grew by taking risks and tailoring solutions to key markets including office supplies, trucking and logistics, and various catalogue-based businesses.
In 2015, Jump Technologies pivoted its target market to the hospital industry, working in partnership with innovative hospital development partners. Jump Technologies believes that the healthcare supply chain has an opportunity to leverage modern technology to better manage inventory levels, free up cash otherwise stuck on storage shelves, and maximize accurate patient charge capture. Hospitals have successfully negotiated cost out of the sourcing side of supply chain and now must look to servicing efficiencies to continue to meet financial pressures.
Jump Technologies has a strong customer base and plans aggressive growth by partnering with integrated delivery networks and stand-alone hospitals. Our JumpStock product is intentionally ERP agnostic, delivering value in inventory management in partnership with legacy ERP systems. As consolidation continues in the hospital segment, JumpStock is the perfect agnostic solution to give leadership insight into inventory across the new enterprise.
Jump Technologies raised its initial rounds with two strategic investors in 2015-16, and raised $3.5M in a Series B round in April, 2017.