M&A Deal Summary

ToolsGroup Acquires Mi9 Retail - Demand Management Business

On November 8, 2021, ToolsGroup acquired software company Mi9 Retail - Demand Management Business from Mi9 Retail

Acquisition Highlights
  • This is ToolsGroup’s 1st transaction in the Software sector.
  • This is ToolsGroup’s 1st transaction in Canada.
  • This is ToolsGroup’s 1st transaction in Ontario.

M&A Deal Summary

Date 2021-11-08
Target Mi9 Retail - Demand Management Business
Sector Software
Buyer(s) ToolsGroup
Sellers(s) Mi9 Retail
Deal Type Divestiture

Target

Mi9 Retail - Demand Management Business

Toronto, Ontario, Canada
Mi9 Retail's Demand Management Business provides enterprise retail merchandising, business intelligence, and store operations software.

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Buyer(S) 1

Buyer

ToolsGroup

Boston, Massachusetts, United States

Category Company
Founded 1993
Sector Software
DESCRIPTION

ToolsGroup is a provider of ‘Powerfully Simple’ supply chain planning software for companies experiencing demand volatility. Manufacturers, distributors, and retailers such as Harley-Davidson, Absolut Vodka, and Luxottica use our self-learning demand forecasting to regularly beat consensus forecasts in a fraction of the time and effort, even for the most challenging low-volume items. They shrink inventory and reduced planning overhead while stepping up customer service levels to boost revenue. ToolsGroup was founded in 1993 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Onera

San Francisco, California, United States

Onera is a provider of real-time inventory availability and fulfillment software solutions to retailers. Onera provides retail technology that connects inventory across siloed systems and transforms them into a single, real-time source of inventory truth. It enables real-time inventory availability by tracking inventory across the supply chain and intelligently exposing inventory to any channel. Onera was founded in 2013 and is based in San Francisco, California.

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Seller(S) 1

SELLER

Mi9 Retail

Fort Lauderdale, Florida, United States

Category Company
Founded 2001
Sector Software
DESCRIPTION

Mi9 Retail is a provider of an enterprise retail merchandising, business intelligence, and store operations software. Mi9’s solutions enabled retailers to automate and optimize their entire Plan-to-Sell process, from planning to executing, influencing, and selling merchandise in-store, online, and on any device. Mi9 Retail was founded in 2001 and is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 MyWebGrocer

Colchester, Vermont, United States

MyWebGrocer, Inc. is a software-as-a-service company providing online commerce, communications and digital media services to grocery store chains and consumer packaged goods companies. MyWebGrocer, Inc. was founded in 1999 and is based in Colchester, Vermont.

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