IRI, a global leader in innovative solutions and services for consumer, CPG, retail and media companies, has announced that it has acquired Retail Solutions, Inc. (RSi), the leading provider of supply chain solutions for CPG manufacturers and retailers. The addition of RSi’s solutions to the industry-leading IRI Liquid Data technology platform will offer the industry’s most comprehensive supply chain solution, as well as the largest repository of de-identified and anonymous consumer data assets in the CPG industry, delivering long-term increased value and impact to clients.
“The acquisition of RSi builds upon IRI’s long track record of continuous investment in technology, solutions and data assets,” said Andrew Appel, president and chief executive officer, IRI. “IRI remains laser-focused on serving the CPG and retail industries with innovative solutions that help our clients address their most challenging issues to deliver highly differentiated capabilities and impact to clients. The investment in RSi to enhance our supply chain optimisation capabilities is a direct response to our clients’ needs as they navigate disruption caused by the COVID-19 pandemic.”
Baljit Dail, president of IRI Global, added, “Optimising supply chain through better end-to-end visibility, efficiency and execution has never been more important to retailers and manufacturers across the CPG landscape. The addition of RSi’s leading solutions to our broader portfolio of offerings will further enhance our robust capabilities and enable retailers and manufacturers to drive tangible ROI and capitalise on opportunities in a dynamic environment.”
RSi’s proven products and solutions have been used by more than three-fourths of the world’s 50 largest CPG manufacturers to maximise their on-shelf availability, operational productivity and omnichannel sales growth. In particular, RSi’s leading suite of on-shelf availability (“OSA”) solutions, OSAPower, includes a full spectrum of AI-driven tools to diagnose, reduce and prevent out-of-stocks. RSi powers its solutions with data from over 150 of the top retailers, to deliver insights to over 500 global CPG customers today.
Bert Clement, chief executive officer of RSi, said, “IRI is the ideal partner to build upon our existing suite of solutions and enable our clients to further optimise their supply chains, and we’re thrilled to be joining forces with them.”
“With access to enhanced data, technology, solutions and resources, existing RSi clients will be even better positioned to make smarter, faster decisions that maximise efficiency and drive growth,” added Stuart Careford, chief customer officer of RSi.
Kirkland & Ellis LLP served as legal advisor to IRI. Wells Fargo Securities, LLC served as exclusive financial advisor and Cooley LLP served as legal advisor to RSi.
In the near term, RSi will become a stand-alone operating subsidiary of IRI. Financial terms of the deal were not disclosed.