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Symphony Retailai Acquires Shelf Intelligence Saas Technology Leader Retech Labs

Oct 27, 2021•over 3 years ago

Acquiring Company

Symphony RetailAI

Acquired Company

ReTech Labs

Food And BeverageConsumer GoodsArtificial IntelligenceCommerce And ShoppingData And AnalyticsSoftwareScience And EngineeringSoftwareCommerce And Shopping

Description

Symphony RetailAI, a leading global provider of integrated AI-powered marketing, merchandising, and supply chain solutions for FMCG retailers and manufacturers, today announced the acquisition of ReTech Labs, a global SaaS provider of real-time image capture and recognition technology. Through ReTech’s solutions, retailers and CPG teams can manage on-shelf availability, eliminate out-of-stock issues and distribution voids, and ensure the compliance and execution of planograms, pricing and promotions.

Company Information

Company

Symphony RetailAI

About

Symphony RetailAI is a leading global provider of role-specific, AI-powered revenue growth management solutions and customer-centric insights for retailers and CPG manufacturers across the entire value chain. Our proven, industry-leading, AI-enabled software, coupled with the industry’s only conversational natural-language AI interface, CINDE, provides key users with proven prescriptive and preemptive recommendations that make it easy to identify end-to-end growth opportunities, activate plans, and realize measurable profit and revenue growth. Our solutions are specific to key decision-maker roles focused on profitable growth across the retail value chain from source to consumer. With our strong global partner ecosystem, we serve more than 1,200 organizations worldwide, including 15 of the top 25 global grocery retailers, 25 of the top 25 global CPG manufacturers, thousands of retail brands, and hundreds of national and regional chains. Symphony RetailAI is a SymphonyAI company. More at Symphony RetailAI.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed