Blog Posts

Trustventure advised in the acquisition of aifora by Centric Software

Centric Software®, the foremost leader in Product Lifecycle Management (PLM), just announced the acquisition of aifora™. Trustventure advised aifora's Management Team on the preparation and execution of the Exit process with active support in Due Diligence, Q&A and SPA-Negotiation within the transaction.

19.09.2023

Centric Software®, the foremost leader in Product Lifecycle Management (PLM), recently announced the acquisition of aifora™, a cutting-edge AI-powered solution for optimizing prices and inventory. Trustventure advised in the acquisition of aifora by Centric Software, contributing valuable insights and guidance to ensure a successfull integration.

Centric Software offers a range of pioneering enterprise solutions for planning, designing, developing, sourcing, pricing, and selling various products, spanning from apparel, fashion, and home goods to footwear, sporting equipment, consumer electronics, cosmetics, food & beverage, and luxury items. These solutions are designed to drive strategic and operational digital transformation initiatives.

 

Our role

Trustventure advised aifora’s Management Team on the preparation and execution of the Exit process with active support in Due Diligence, Q&A and SPA-Negotiation within the transaction. As an integral part of the deal team, we orchestrated the comprehensive due diligence process that scrutinized financial records, legal documents, and operational structures, and managed the exchange between Aifora and Centric Software’s buy-side Dealteam, aggregating information and analyses from different stakeholders and ensuring a smooth and efficient process altogether. 

 

About aifora

Established in 2018 in Düsseldorf, Germany, by Thomas Jesewski and David Krings, aifora stands out as a top-tier predictive pricing retail automation platform, leveraging AI to empower brands and retailers in achieving consistent growth and enhanced profitability. This is achieved through data-centric approaches to pricing, inventory management, and allocation practices.

 

Benefits of the acquisition

 

A technological mannequin wearing a lab coat standing next to logos for aifora and CentricSoftware

Image by centricsoftware

Aligned with Centric Software, aifora’s solutions are rooted in extensive industry expertise and best practices. It seamlessly complements Centric’s suite of offerings, which includes the flagship Centric PLMTM, Centric PlanningTM, Centric PricingTM, and the innovative visual collaboration platform, Centric Visual BoardsTM. By integrating aifora into its existing solutions, Centric Software is poised to deliver significant enhancements in revenue, product margins, and inventory management capabilities for brands and retailers.

“Centric Software and aifora both deeply understand the needs of brands and retailers, and we highly attuned to the challenges faced by the industry,” says Thomas Jesewski, CEO and Co-Founder of aifora. “With Centric solutions and aifora combined, brands and retailers will have access to an unprecedented suite of powerful tools to make informed decisions, leverage actionable insights and improve profitability.”

“We would like to warmly welcome aifora to the Centric family as we combine forces to meet the needs of consumer goods companies,“ says Chris Groves, CEO of Centric Software. “Together, we will drive innovation and continue to lead the way in delivering cutting-edge solutions. aifora and Centric share the same innovation vision and the same customer-focused culture.  We look forward to innovating together and integrating our solutions to continue to delight and add exceptional value to our customers.”

Partner with us

Unlock the full potential of your financial strategy with Trustventure’s expert guidance. Whether you’re navigating challenges in the financial sector, seeking advice on corporate financing, or enhancing your planning and controlling processes, we’re here to empower your journey and help you create transparency and confidence for both you and your investors.

Ready to elevate your financial game? Reach out to us today using our contact form or drop us a direct message at office@trustventure.de. Work with us to achieve your financial success!

Other articles

Events Trustventure’s Successful Debut of FINE in Berlin Our Founders and Investors Networking Event (FINE) Berlin was a great success! Thanks to all the amazing people that attended, we managed to bring together a vibrant community of like-minded people. If you couldn't make it this time, here's a recap of everything you missed. February 28, 2024
Design for Trustventure's Investors and Founders event with Germany's map in the background Events Join our Founders and Investors Networking Event (FINE)! Together with French Tech Berlin we are happy to debut FINE, a Networking Event for Founders and Investors! Get your free ticket for an evening filled with drinks, music, and pitches! January 23, 2024
Black and white pine tree in a snowy scenerio VC Landscape European VC Landscape – December + 2023 Recap 2023 was an year of many ups and downs for Venture Capital, having ended with a 33% decrease of invested volume. To learn more, explore our analysis of this month's data plus an in-depth recap of 2023's scenerio. January 22, 2024
Black and white Winter scene with many trees and a clear lake VC Landscape European VC Landscape – November 2023 Even though November ended with a decrease in the number of investments, it also marked a 35% increase in the VC investment volume. Explore all the details in this month's analysis. December 12, 2023
Orbit of images around Trustventure and REHAU logos. Text: 'Trustventure's expertise empowers REHAU New Ventures. Partnership Trustventure’s expertise empowers REHAU New Ventures’ diverse portfolio REHAU New Ventures is a corporate venture arm of REHAU, dedicated to crafting and investing in business models aligned with the company's objectives. Discover how their partnership with Trustventure was decisive to empower strategic growth and calculated decisions. December 12, 2023
Black and white photo of a trail inside the closed woods VC Landscape European VC Landscape – October 2023 Following the surge in September, October recorded a notable decrease of 28% in VC investments. Explore our analysis to access all the key insights of October's investment landscape. November 21, 2023
Orbit of images around World Host Group and Wingu Networks logos. Text: 'Trustventure advised in the aquisition of aifora by CentricSoftware' M&A Trustventure advised in the acquisition of Wingu Networks by World Host Group World Host Group, a global leader in web hosting and cloud services, just announced the acquisition of Wingu Networks. Trustventure advised Wingu’s Management Team with Financial Due Dilligence. November 6, 2023
Design with post title and illustration of a hand reaching the right decision Valuation 2022 IPEV Guidelines Update: Impacts on PE and VC Valuations Unraveling the 2022 IPEV Guidelines Update: from governance enhancements to ESG integration, explore the critical shifts shaping Private Equity and Venture Capital investments. Read our analysis on the key changes and implications for fund managers, ensuring transparency in this dynamic financial landscape. October 16, 2023
Black and white photo of a mountain landscape with trees and rocks. VC Landscape European VC Landscape – September 2023 After experiencing two months of decline, September saw a substantial surge in VC investments when compared to the previous month. To gain a comprehensive understanding of the current month's scenario, we encourage you to read our in-depth analysis, where you can uncover all the details. October 6, 2023
All articles