Logility, an Atlanta, GA-based company specializing in prescriptive supply chain planning solutions, acquired Garvis, an Antwerp, Belgium-based SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting.
The amount of the deal was not disclosed.
The acquisition, which is expected to be accretive within 12 months, advances Logility as a supply chain planning platform leveraging Generative AI, advanced AI-driven algorithms, and machine learning.
Led by CEO Piet Buyck, Garvis is a SaaS company using Generative AI, external data, and AI-driven algorithms to allow clients in consumers goods, food and beverage, chemicals, pharmaceuticals, and other industries, to understand and react to changes as they happen by translating customer behavior, market dynamics and other events into digital components and relationships,
Led by president Allan Dow, Logility provides a SaaS-based digital supply chain platform that leverages artificial intelligence (AI) and predictive analytics to deliver prescriptive demand, inventory, manufacturing, and supply plans – helping to provide executives the control to increase margins and service levels. to help deliver integrated planning and operations across the end-to-end supply chain.
The company serves 800 customers in 80 countries.
FinSMEs
20/09/2023