Fraxion, a Seattle company that sells procure-to-pay software to mid-market organizations, has bought Yellow Dog Software, a Norfolk, Virginia, maker of inventory management tools for stadiums, hotels, casinos and restaurants. The deal closed Sept. 23, and Fraxion announced it Wednesday in a press release. Terms weren't disclosed.

Fraxion's software handles purchasing, expenses, accounts payable, payments and spend analysis. Yellow Dog picks up after the purchase, tracking what is received, used and on hand. "Yellow Dog extends Fraxion's capabilities beyond procure-to-pay into inventory management, adding greater visibility into the downstream impact of purchasing decisions," Fraxion CEO Stanton Jandrell said in the release, which GeekWire also quoted.

Fraxion Buys Yellow Dog Software to Link Purchases Straight to the Stockroom

What Yellow Dog brings

Founded in 2007, Yellow Dog says its platform is used by more than 900 customers across 1,600 venues and more than 20,000 outlets. According to Main Capital Partners, which holds a majority stake in Fraxion, those customers include Winnipeg Football Club at Princess Auto Stadium, Prairie Knights Casino, the San Antonio Stock Show & Rodeo, Delano Hotel Miami and John Ball Zoo, and the software is used by more than 60% of U.S. professional sports teams. It connects to more than 130 point-of-sale systems and 300 third-party systems in all, and its features include mobile receiving, real-time cost-of-goods tracking and usage data pulled from point-of-sale systems.

"For nearly two decades, our mission has been to make inventory management easier for the companies that depend on us," Yellow Dog CEO Jay Livingood said.