IRI, a global leader in innovative solutions and services for consumer, CPG, retail and media companies, has acquired Retail Solutions, known as RSi, a leading provider of supply chain solutions for CPG manufacturers and retailers.
IRIs said that the addition of RSi’s solutions to IRI's 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, IRI president and CEO. “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 optimization 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, said, “Optimizing 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 capitalize on opportunities in a dynamic environment.”
Bert Clement, RSi CEO, added, “IRI is the ideal partner to build upon our existing suite of solutions and enable our clients to further optimize 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 maximize efficiency and drive growth,” said Stuart Careford, chief customer officer of RSi.
In the near term, RSi will become a stand-alone operating subsidiary of IRI. Financial terms of the deal were not disclosed.