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Cin7 Acquires Inventoro, Revolutionizes Intelligent Commerce

Cin7 has just acquired Inventoro this strategic acquisition will empower product sellers with AI technology
May 3, 2024

Cin7, a leading provider of inventory and order management software, has announced the acquisition of Inventoro, a top-tier provider of AI-driven sales forecasting and replenishment optimization solutions. This strategic move marks a significant step forward for both companies, promising enhanced inventory management capabilities for their customers through cutting-edge AI technology.

Inventoro's advanced AI forecasting and optimization capabilities perfectly complement Cin7's robust inventory management solutions. By integrating Inventoro's technology into Cin7's platform, customers will gain access to state-of-the-art AI-driven insights, enabling them to optimize inventory and order management processes with intelligent predictions and optimizations.

The global product-seling industry suffers significant losses, estimated at $163 billion annually, due to overstocking and similar inefficiencies. With the increasing demand for AI-powered forecasting and insights, Inventoro's solutions become a valuable addition to Cin7's feature set. The combined capabilities provide actionable insights and increased visibility into performance, helping customers optimize their operations across channels while minimizing the impact of overstocking and stock outs.

"Inventoro's AI forecasting and optimization capabilities are a perfect complement to Cin7's robust inventory management solutions," stated Ajoy Krishnamoorthy, CEO of Cin7. "Together, we'll provide customers with unprecedented inventory intelligence so they can maximize sales, minimize excess stock, and make informed decisions across their operations."

With this acquisition, Cin7 marks the beginning of a new era of growth. This announcement comes on the heels of recent executive appointments, including Ajoy Krishnamoorthy as Chief Executive Officer and Nolan Smith as President and Chief Operating Officer. The integration of Inventoro's AI capabilities into Cin7's platform represents a significant milestone in the evolution of inventory intelligence.

Cin7 provides Connected Inventory Performance – cloud-based inventory management software that offers growing product businesses an automated and real-time view of the entire inventory lifecycle. Serving over 8,000 customers in 100+ countries, Cin7 processes over 125 million orders annually.

Inventoro revolutionizes the way small and medium-sized businesses manage their inventory. With its cutting-edge algorithmic sales forecasting, businesses can achieve optimal stock levels and eliminate stock outs and overstock. Founded in 2020, Inventoro is built upon two decades of technological innovation.

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