Home / Knowledge / News / Information Technology / DemandTec acquires assets of Applied Intelligence
DemandTec acquires assets of Applied Intelligence
06
Jan '11
DemandTec Inc, the collaborative optimization network for retailers and consumer products companies, announced that it has acquired substantially all of the assets of Applied Intelligence Solutions, LLC (AIS), a developer of intelligent software solutions for the retail enterprise with a specific focus on softline retailers.

With this transaction, DemandTec has secured intellectual property applying complex pattern recognition techniques to softline and other short lifecycle retail categories. Additionally, the transaction brings to DemandTec industry expertise in software application development for retail softlines.

DemandTec will leverage AIS's MarkdownXpert workflow and science in Markdown Optimization, a DemandTec software service currently used by multiple retailers which allows the design of optimal plans that set markdown timing and depth to maximize profitability and inventory objectives for clearance items. Markdown Optimization is a component service of DemandTec Lifecycle Price Optimization, a comprehensive solution for managing and optimizing pricing across the entire store.

"Adding AIS's advanced pattern recognition science, domain expertise, and technology to our footprint is a natural fit for DemandTec," said Dan Fishback, President and Chief Executive Officer of DemandTec. "Through this transaction, DemandTec expands its existing support for the full spectrum of merchandising and marketing processes for short lifecycle categories like consumer electronics, home goods, and softlines."

"Bringing expanded softline capabilities and expertise to a market leader like DemandTec introduces a unique merchandising solution for retailers today," said Jim Dixon, President and Chief Executive Officer of AIS. "We believe this combination will also allow our key customer, Gordmans, to continually innovate and better serve their shopper community."

"We are excited to see DemandTec, with their proven industry solutions and market recognition, expand their product footprint by acquiring the assets of AIS," said Jeff Gordman, President and Chief Executive Officer at Gordmans. "We believe that this combination will allow Gordmans to leverage innovative predictive analytics software to optimize pricing and reorder decisions."

As part of the transaction, DemandTec has acquired a U.S. patent relating to behavior recognition, bringing DemandTec's patent portfolio to a total of 25 issued patents, including 20 in the United States and five internationally. All software services are delivered on DemandTec, a network of common tools for more than 280 retailers and consumer products companies to transact, interact, and collaborate on core merchandising and marketing activities. More than 13,000 retailer and manufacturer end-users on DemandTec have collaborated on nearly four million trade deals to date.

DemandTec Inc


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search