ToolsGroup, a global supply chain planning and optimization software, has purchased Mi9 Retail’s demand management business. The business was previously acquired by Mi9 in 2018 from JustEnough Software.
The combination of software offerings will optimize end-to-end planning, equipping modern multi-channel retailers to build profitable and future-proof supply chains. The acquisition comes at the same time as the closing of a significant growth investment received by ToolsGroup from Accel-KKR.
ToolsGroup will now offer a combination of specialized technologies and experienced support staff to assist customers deliver profitable service to their own customers.
“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. “With our unique production-to-purchase planning engines and expertise, our customers can even more efficiently improve product availability and outperform the competition in managing today’s volatile demand.”
Solomon Partners and Kirkland & Ellis served as advisors on the transaction.