2003: Where it All Began
A New England grocery retailer approaches co-founders Jim Rao and Rino Vitolo requesting assistance with the management of its “uncontrollable newspaper billing issues.” Shortly thereafter a platform to convert sales from traditional invoicing to Scan Based Trading (SBT) is developed and a company is born. It didn’t take long before The Nexxus Group® became recognized as the industry’s leading provider of SBT solutions.
Nexxus creates partnerships with Food Lion and Borders Books to handle their respective newspaper categories with a Scan Based Trading (SBT) solution that includes data transfer, consolidated billing and customer service.
2005 – 2008
Nexxus establishes itself as the premier Scan Based Trading company for newspapers in the United States and launches newspaper programs at Walmart, Kroger, Dollar General, Speedway, and nine other leading chains.
Nexxus welcomes Wawa, Sunoco, and CST Brands Inc. into the fold as its list of partners continues to grow. Meanwhile Speedway works with Nexxus to add more categories to its SBT program.
Nexxus adds Sheetz, H-E-B, Circle K and a multitude of other retailers to the newspaper program. Magazines and Ice Cream are added to the growing list of products on the SBT platform. The company also launches several non-SBT programs such as its Outdoor Products solution and Newspaper Kiosk Program.
More than 15 additional retailers partner with Nexxus, including Kroger Convenience, Meijer and Holiday Station stores. Wireless Accessories, DVDs, Audio Books, and E-Cigarettes are added to the expanding list of products managed by the Nexxus SBT program.
More than 10,000 retail stores and clients such as Casey’s and Walgreen’s join the Nexxus family. Novelty items, Sunglasses and seasonal items are added to the growing inventory of products under the Nexxus SBT program.
Nexxus adds 12 new retailers to its growing list of partners. Successful expansion and testing occurs with 7- Eleven in three major market areas. Nexxus also signs agreements to handle SBT and invoicing services for two major national suppliers, taking advantage of continued expansion in analytic and reporting technologies offered to vendor partners. Growth in multiple DSD product categories continues across the retailer base throughout the year.
Nexxus continues its impressive growth within the convenience store industry. A two-tiered launch with 7- Eleven, the United States’ largest convenience retail chain, is completed in June as Nexxus brings its SBT expertise to more than 7,800 branded 7- Eleven stores. Nexxus also adds Certified Oil, Stater Bros., Gate Petroleum, Truenorth Energy, LLC and Ultramar of Canada to its roster while continuing to make great headway providing additional client services.
Nexxus moves to spacious, modern headquarters located in the Cherry Hill Corporate Park in Beverly, MA. The 30,000-square foot building at 85 Sam Fonzo Dr. adjacent to Beverly Airport is conveniently close to nearby shopping malls, local hotels and area restaurants, and just 30 minutes from Boston and Logan International Airport. Xtra Mart (May), 7-Eleven Canada (July) and CEFCO Convenience Stores (October) become Nexxus clients. Additionally, Nexxus expands its SBT program with Casey’s General Store by adding propane at 1,700 locations across the Midwest.
Nexxus moves its Charlotte, NC office to 10815 Sikes Place, Suite 210. In June, the company debuts its NexxHub™ platform, further enhancing its industry best SBT services for a network of 71,000 retail locations and more than 6,500 distributors and manufacturers in the United States, Canada and Puerto Rico. Weis Markets, Stewart’s Shops, Kangaroo Express, Mirabito and Berkshire Brothers join the growing roster of Nexxus clients. Pat McGinley is promoted to Chief Operations Officer in March; and Bill Keating comes on board as Chief Financial Officer in November.