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Investing.com -- Quicklizard, a leading AI-powered dynamic pricing platform for retailers and brands, has announced it is to be acquired by Riverwood Capital, a prominent investment firm focused on technology growth and scalability. This strategic acquisition is aimed at boosting Quicklizard’s research and development, hastening the evolution of its platform, and strengthening its position as the preferred pricing optimization platform for businesses around the world.
The demand for AI-powered pricing platforms is increasing rapidly among retailers, as businesses understand the importance of real-time price optimization to stay competitive. The global retail pricing software market, which was worth about $12.38 billion in 2024, is expected to reach $23.62 billion by 2031, according to Verified Market Research. This growth is fueled by retailers’ desire to improve profitability and efficiency in volatile markets.
Quicklizard’s AI-driven pricing technology is trusted by leading global retailers and brands, such as Sephora and John Lewis (JO:LEWJ). The platform assists businesses in identifying relevant competitors, avoiding unnecessary price wars, forecasting demand, optimizing pricing while considering inventory, and using article segmentation to remain highly competitive while still profitable. Quicklizard has consistently provided tangible results for its clients, driving an 8% increase in revenue and a 3%-5% increase in profit.
Quicklizard stands out with its transparent AI that ensures pricing strategies are understandable and adaptable. The platform’s omnichannel capabilities allow retailers to manage pricing independently across channels while accounting for dependencies. Quicklizard provides a fully open platform, allowing businesses to implement custom pricing strategies with simple Python code and a rapid implementation timeline of just 12-16 weeks.
Pini Mandel, CEO and Founder of Quicklizard, expressed excitement over the partnership with Riverwood Capital. He believes this partnership will allow Quicklizard to significantly expand its R&D capabilities, enhance its AI-driven pricing technology, and deliver even more value to retailers and brands worldwide.
Riverwood Capital, known for investing in and scaling high-growth technology companies, views this acquisition as a strategic move to support the growing market demand for AI-powered pricing platforms. Jeff Parks, Co-Founder and Managing Partner at Riverwood Capital, praised Quicklizard’s innovative approach in solving complex commercial challenges at scale.
As Quicklizard begins this new phase of growth with Riverwood Capital, the company remains dedicated to its core mission of providing state-of-the-art AI pricing technology that empowers retailers and brands to make smarter, more profitable pricing decisions.
Quicklizard is constantly developing and improving its platform to meet the changing needs of enterprise retailers. A new user interface will soon be launched, offering greater user flexibility, enhanced off-the-shelf capabilities for faster insights, and a fresh, modern look. Additionally, Quicklizard is enhancing its Pricing Guru, designed to give users a pricing analyst at their fingertips. The upgraded Pricing Guru will soon enable users to implement pricing strategies using written human language, making AI-driven pricing more accessible than ever.
The transaction, approved by the Quicklizard Board of Directors, is expected to close in the first half of 2025, subject to customary closing conditions, including approval by Quicklizard’s shareholders and receipt of required regulatory approvals. Upon completion, Quicklizard’s common stock will no longer be publicly listed and Quicklizard will become a privately held company.
As part of the transaction, all shares of Quicklizard will be converted into the right to receive the per-share transaction consideration of NIS 40.92 per share, reflecting a total company valuation of approximately NIS 186 million.
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