Cin7 Acquires Inventoro: Expanding Analytics Capabilities

Cin7, a leading provider of inventory management software, has recently acquired Czech Inventoro, a company specializing in AI-driven sales forecasting and replenishment solutions. This strategic move reflects the growing demand for advanced inventory management technologies, particularly those powered by artificial intelligence.

The acquisition comes at a time when businesses worldwide are grappling with the costly repercussions of overstocking and inefficient inventory management practices, which collectively result in an estimated $163 billion in losses annually for global product sellers. By integrating Inventoro's AI capabilities into its offerings, Cin7 aims to address these challenges head-on and optimize performance across various sales channels.With AI-powered forecasting and replenishment solutions, the expanded company endeavors to minimize the adverse impacts of overstocking and stockouts, ultimately helping businesses achieve greater efficiency, profitability, and resilience in their operations.

The acquisition and integration of Inventoro's capabilities into Cin7's platform represent a significant advancement for product sellers seeking to leverage AI technology in their inventory and order management processes. By incorporating Inventoro's intelligent forecasting and replenishment solutions, Cin7 extends its customers' access to cutting-edge AI technology, empowering them to enhance their existing inventory and order management capabilities with intelligent predictions.

Through this integration, customers can benefit from more accurate demand forecasting, optimized inventory levels, and improved order fulfillment processes. By harnessing the power of AI, businesses can make data-driven decisions, reduce stockouts, minimize overstocking, and ultimately improve their overall operational efficiency and profitability.Overall, the acquisition of Inventoro by Cin7 underscores a commitment to innovation and providing customers with advanced solutions to address the evolving challenges of inventory management in today's competitive business landscape.

The announcement of the acquisition of Inventoro marks the beginning of an exciting new phase of growth for Cin7. This milestone coincides with recent leadership appointments, including Ajoy Krishnamoorthy as Chief Executive Officer and Nolan Smith as President and Chief Operating Officer, signaling a strategic focus on driving innovation and expanding market reach.Premysl Rubes, founder and managing partner of Presto Ventures, expressed excitement about the sale of Inventoro, emphasizing the company's commitment to supporting tech founders in the Central and Eastern European (CEE) region. Rubes sees the acquisition as a testament to the talent and innovation present in the Czech entrepreneurial ecosystem, highlighting the potential of Czech entrepreneurs to make significant contributions to the global technology market.

"Inventoro's AI forecasting and optimization capabilities perfectly complement Cin7's robust inventory management solutions," stated Ajoy Krishnamoorthy, CEO of Cin7. "Together, we will provide customers with unprecedented inventory intelligence, empowering them to maximize sales, minimize excess stock, and make informed decisions across their operations."

Tomas Formanek, founder and CEO of Inventoro, echoed this sentiment, emphasizing the natural synergy between the two companies. "We bonded with Cin7 immediately from the day we first met, and this transaction is a natural progression of our proven line of cooperation," he said. "The two products together amplify our efforts to help SMB product sellers and manufacturers, ultimately connecting them to one large, efficient supply network while reducing waste and supporting local economies along the way."