Brightpearl has acquired Inventory Planner, a demand planning tool that enables e-commerce retailers to forecast inventory and attempt to optimize stock.
Derek O’Carroll, CEO of Brightpearl, said, “We’re thrilled to announce the acquisition of Inventory Planner and 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 Inventory Planner’s experienced and talented team to the wider Brightpearl family. 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,” said 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.”
Maurice Helfgott, Brightpearl chairman, said, “I started my career as a Merchant and know how critical accurate prediction is to getting the right product available in the right place at the right time. Inventory Planner’s customers are delighted with the proven simplicity and accuracy of its easy-to-deploy forecasting solution and we’re confident that Brightpearl’s world class team will help ensure success for the product with larger customers too.”