Zebra Technologies (NASDAQ: ZBRA), a Lincolnshire, IL-based provider of performance edge solutions, is to acquire antuit.ai, a Dallas, TX-based provider of artificial intelligence (AI)-powered Software-as-a-Service (SaaS) solutions specific to forecasting and merchandising for the retail and CPG industries.
The amount of the deal – subject to customary closing conditions, including regulatory approval and expected to close in 2021 – was not disclosed.
Incorporating antuit.ai’s AI-powered demand forecasting solution into Zebra’s SaaS portfolio will enable retailers and consumer products companies to combine planning and execution to optimize margins and drive revenue growth.
Led by Siva Lakshmanan and Yogesh Kulkarni, antuit.ai Antuit.ai utilizes AI and machine learning algorithms to ensure its customers have the right product in the right place, at the right time, at the right price based on the current state of the supply chain, store inventory, and consumer demand. The system enables retailers to deliver on their omnichannel strategy by increasing margins with effective prices and promotions, as well as optimizing inventory allocations and order fulfillment. With the platform, consumer products companies can maximize forecast accuracy; anticipate consumer demand to meet retailers’ service level, shelf-level, store-level, and e-commerce orders; optimize pricing and trade promotions; and unify sales, trade and demand planning.
The company was owned by a consortium led by Goldman Sachs Asset Management.
Led by Anders Gustafsson, Chief Executive Officer, Zebra Technologies Zebra delivers end-to-end solutions to enable every asset and worker to be visible, connected and fully optimized. With more than 10,000 partners across 100 countries, its solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care. Its retail software portfolio also includes Workforce Connect, a communication and collaboration solution for front-line workers, and SmartCount, a self-directed solution for physical inventory and cycle counts.