Antuit.ai, a cloud-based forecasting, pricing and personalization solution provider, has acquired Forecast Horizon, an AI-powered markdown, promotions, assortment and allocation SaaS company. The deal will help antuit.ai offer one-stop-shop merchandising and planning solutions for fashion, footwear and specialty retailers.
Forecast Horizon’s SaaS solutions offer retailers prescriptive actions to drive sell-through, increase margin and optimize inventory throughout the buying and selling process. The full Forecast Horizon team will join antuit.ai as part of the merger.
“We are excited to have Forecast Horizon’s team, product and client partners join the antuit.ai family to help accelerate innovation in our retail AI SaaS portfolio,” said Craig Silverman, CEO of antuit.ai in a statement. “AI-driven transformation is a boardroom conversation for our clients, and the combined portfolio of antuit.ai and Forecast Horizon will help them rapidly unlock additional value.”