Revionics acquires Retail Optimization
Roseville, Calif. -- Revionics, a provider of price optimization systems, announced it has acquired the business and related assets of Retail Optimization, New Haven, Conn., a provider of cloud-based assortment and space optimization systems. Terms were not disclosed.
This acquisition extends Revionics’ Life Cycle Price Optimization Solutions with the addition of Retail Optimization’s cloud-based Assortment and Micro and Macro Space Optimization Solutions. According to the announcement, together these solutions help retailers breakdown merchandising organizational siloes and improve demand forecasting to better meet shopper needs and ensure retailers have the right product, price, promotion, placement and space allocation for optimal financial results and improved customer satisfaction and loyalty.