ToolsGroup Picks Up Mi9 Retail’s Demand Management Biz
The deal is expected to help ToolsGroup further its end-to-end planning offerings.
Supply chain planning and optimization provider ToolsGroup has acquired Mi9 Retail’s demand management business.
The deal is expected to help the company advance its end-to-end planning offerings to equip today’s multichannel retailers with more resilient, profitable and future-proof supply chains.
ToolsGroup’s modular solution architecture is designed to help retailers more easily select the products they need as part of a cohesive planning solution. The company said customers can achieve a 15-30% reduction in inventory while improving product availability as much as 99% reducing lost sales by up to 50%.
“JustEnough and its talented and passionate team in retail are a perfect complement to ToolsGroup service-driven, highly-automated supply chain planning and optimization,” said Joseph Shamir, CEO of ToolsGroup. “Together, we’re equipping retailers with a 360-degree supply chain view that is real-time, predictive and actionable.”
This acquisition coincides with the closing of a growth investment received by ToolsGroup from tech investment firm Accel-KKR. Accel-KKR initially invested in ToolsGroup in 2018.