US-based software company Centric Software has purchased end-to-end retail planning solution provider Armonica Retail for an undisclosed sum.
Founded in Italy in 2018, Armonica offers Armonica Planning, a Cloud-native solution integrated with omnichannel retail planning best practices.
The platform is designed to allow retailers to achieve robust business performance and help realise their digital transformation strategies.
The solution provides merchandise financial planning, range planning, assortment planning and buying, store allocation and replenishment.
It also offers forecasting and vendor replenishment, as well as wholesale planning and forecasting.
The combination of Armonica and Centric is intended to benefit fashion, luxury, outdoor and other consumer goods companies.
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Armonica chief technology officer Riccardo Proni said: “The combination of Armonica and Centric together will allow unprecedented product, store and channel orchestration for even the most complex product lifecycles.
“A high degree of configurability and flexibility are needed to satisfy today’s omnichannel consumer. Armonica and Centric were both created to surpass the limitations of past systems.”
Centric Software offers a product concept and consumer digital transformation platform for a range of consumer goods sectors.
The addition of Armonica Planning will complement Centric’s product portfolio, which includes Centric PLM, the Centric Visual Innovation Platform (VIP) and its suite of digital boards.
Centric Software president and CEO Chris Groves said: “We are thrilled to welcome Armonica into the Centric family.
“Armonica’s cutting-edge retail planning solution, coupled with Centric PLM and backed by deep retail expertise, will be an invaluable asset to fashion, luxury, outdoor and other consumer goods companies, offering them unparalleled visibility and decision-making abilities across multiple levels of planning and execution.”
Last month, Israel-based end-to-end retail platform Global-e agreed to buy e-commerce software provider Flow Commerce for an aggregate purchase price of $500m.
Global-e will aim to offer personalised solutions for small enterprises by integrating its data models and artificial intelligence algorithms for conversion optimisation with Flow’s application programming interface (API) based technology.