Brightpearl announces acquisition of Inventory Planner
Retail operations system venture Brightpearl has acquired Inventory Planner, a startup that enables e-commerce retailers to forecast inventory and optimise stock.
Financial terms of the deal were not disclosed.
The announcement comes after Brightpearl raised $33 million in a recent Series C round.
Derek O’Carroll, CEO at Brightpearl, says: “The last two years have shown the importance of demand forecasting expertise for today’s fast growing merchants, so we’re delighted to be able to offer this best-in-class solution as an extension of the Brightpearl network.”
“We’re also excited about the addition of its experienced and talented team to the wider Brightpearl family.”
He adds: “Our deal with Inventory Planner signals the first step in our mission to give modern merchants the freedom to easily deploy commerce experiences on their own terms, with access to the very best retail technology products - empowering them to break away from jack of all trades legacy systems.”
“This evolution of our relationship with Brightpearl will allow Inventory Planner to better serve its current and future clients as we tap into the full potential of our integrated solution and offer a cutting edge demand forecasting technology to the fast-growing merchants,” comments Inventory Planner Co-founder, Oleg Smirnov.
“We are thrilled to be joining forces with BrightPearl, an ideal partner who shares our values and commitment to building secure and scalable retail operating systems.”
O’Carroll adds: “Merchants need alternatives to the current ERP dominated retail tech landscape. They need real-time scalability and optionality, instead of being tied long-term to ‘all in one’ solutions which force-feed mediocre products that limit scale and innovation.”
“We’ll be offering exciting opportunities for merchants to leverage Brightpearl’s growing family of best-in-class products, like Inventory Planner.”
“These specialist applications come pre-integrated, secure and scalable, so merchants can rely upon them to grow fearlessly.”
“They’ll have the choice to use these products as standalone solutions or interconnected to Brightpearl’s core operating system. It’s a win for our commerce customers, and a win for their consumers.”
