Brightpearl acquires Inventory Planner giving merchants better ways to accurately predict demand
Bristol-based Brightpearl has acquired Inventory Planner, a demand planning tool that enables e-commerce retailers to forecast inventory and optimise stock.
With this acquisition, Brightpearl expands its technology offering to include advanced forecasting expertise. This pairs with its core operating system for retail, which supports rapid scale automation and out-of-the-box connectivity.
It also marks the first milestone in a longer-term strategy to make Brightpearl the top destination for best-in-class products which can streamline backend operations and support rapid scalability.
The move will see Inventory Planner running as a separate division of Brightpearl, with the parent company executing a significant programme of investment to evolve and enhance the Inventory Planner brand and expand its business.
Brightpearl is a Bristol-based retail operating system that works with some of the world’s largest retail brands.
The combination of Inventory Planner and Brightpearl will allow merchants to connect historical sales data to Brightpearl’s powerful, built-for-retail operating system – delivering hugely improved margins and boosting customer satisfaction.
Inventory Planner has 2,060 customers, primarily in English-speaking countries, 60% of which are between $1m and $100m GMV. Many subscribe via direct download from an app store such as Shopify. Merchants can utilise the tool to quickly visualise trends, and configure advanced reporting and notifications to help run their business by exception.
Derek O’Carroll, CEO of Brightpearl, said: “We’re thrilled to announce the acquisition of Inventory Planner. The last two years have shown the importance of demand forecasting expertise for today’s fast-growing merchants, so we’re delighted 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 its 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.”
Inventory Planner co-founder, Oleg Smirnov said: “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. 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.”