Cegid announces acquisition of UK startup StorIQ

Cegid, a provider of cloud business management solutions for finance (treasury, tax, ERP), human resources (payroll, talent management), CPAs, retail and entrepreneurial sectors, has acquired StorIQ, a London-based in-store activity management platform founded in 2015.

Financial terms of the deal were not disclosed.

“More than ever, the future of bricks and mortar stores will depend on the ability of retailers to accelerate and adapt so as to offer outstanding customer experiences as well as innovative and convenient services - while simplifying and monitoring in-store team task management,” says Cegid CEO Pascal Houillon.

“By capitalising on the current offerings of Cegid and StorIQ, brands and retailers will be able to offer an exceptional unified shopping experience across their entire store network while tapping into new sales opportunities.”

“Our current and future customers will be able to benefit from the optimised PoS activity management offered by StorIQ paving their way to success.”

StorIQ Co-founder and Managing Director Amy Bastow and all the company staff will be joining the Cegid Retail Business Unit headed by Nathalie Echinard.

“We are delighted to be joining Cegid. StorIQ has grown very quickly over the last few years and we are very proud of the business we’ve built and the relationships we have with our customers,” says Bastow.

“We are ready for a new phase in our development and we are so excited to be joining Cegid, and the opportunity to bring together the retail expertise in both companies to help forward thinking retailers transition to a digital future for their stores.”

AcquisitionsStaff WriterCegid, StorIQ, Acquisitions, Startups, Retail technologyComment