TransImpact acquired Avercast LLC, adding seven software products to TransImpact's current technology solutions and deepening the company's technology offering in the supply and demand planning stages of the supply chain process.
"Today's extremely volatile market creates an even greater imperative for clients to be more precise in their demand forecasting and inventory planning. Avercast has over 250 forecasting algorithms that let clients produce expert-level forecasts for up to 60 months into the future," says Berkley Stafford, CEO of TransImpact. "That level of forecasting helps clients optimize inventory to improve top line sales and turn their supply chain into a competitive advantage."
From Yahoo! Finance:
- With this acquisition, TransImpact expands its footprint to add an international presence in six countries to support global clients.
- The merger also brings together the companies' two distinct market-leading technology capabilities -- forecasting and analytics.
"The combination of Avercast's forecasting technology with TransImpact's analytics technology gives clients the ability to plan and forecast with an even greater degree of rigor to improve margin." according to Joe Vocaire, TransImpact chief product officer.
"We are excited about the new ways we will be able to help our clients now that we are a part of TransImpact," says Avercast co-founder and CEO Jason Averill. "To drive profitability, you need to attack all areas of the supply chain, from planning through delivery and returns. Joining forces with TransImpact allows us to do that."