HAUPPAUGE, N.Y. & SYDNEY--(BUSINESS WIRE)--Jan 14, 2025--
Vision Group Retail, a leader in AI and computer vision technology, announced today that it acquired Hivery, a leading provider of advanced AI retail assortment simulations for predictive ROI. The deal crowns Vision Group’s comprehensive suite of solutions to address space planning, assortment optimization, and retail execution.
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Hivery has been recognized as one of the world's top 100 Retail Tech companies by CB Insights and named to Fast Company’s list of the World's Most Innovative companies. Hivery's flagship SaaS platform, HIVERY Curate, harnesses AI and store-level data to provide hyperlocal, store-specific strategies for growth. This powerful tool expands ROI through a continuous learning, AI-driven, engine that optimizes product assortments and planograms for retailers and CPG companies. Hivery Curate has increased category sales by 10% to 20% for many retailers and CPG companies.
This acquisition signifies Vision Group's commitment to providing customers with end-to-end retail management capabilities and AI-powered solutions to optimize space and category management activities while tracking and monitoring the execution of those plans.
"Hivery's expertise in space-aware assortment optimization perfectly complements our current offerings," said Vision Group's CEO Karan Bakshi. "Our goal is to revolutionize retail execution and space planning by bringing transformative solutions to our clients, helping them increase sales and profitability while also becoming more efficient in today's competitive retail environment."
Kyle McKenzie, VP of Engineering of HIVERY, said, "Vision Group is world-recognized for retail technology and innovation. Together, we can deliver and scale our AI assortment technologies globally at an unprecedented pace to uncover billions in retail revenue through store-level data.”
"Hivery’s patented simple-to-use tool is a game-changer for our business and our customers," added Jason DeRienzo, Chief Revenue Officer at Vision Group. "With Hivery's cutting-edge technology and talented team members, combined with our proven solutions, we are uniquely positioned to deliver exceptional value and accelerate growth for our clients globally."
The announcement comes during NRF’25 Retail’s Big Show in New York. Retailers and CPG brands can meet with Vision Group this week at booth #3849. Vision Group will also showcase its AI technology at the CMA | SIMA 2025 Annual Conference hosted by the Category Management Association & Shopper Insights Management Association, Feb. 16-19 in San Antonio, TX.
About Vision Group Retail
Vision Group is a leading multinational conglomerate of technology companies providing end-to-end IoT, AI, and image recognition SaaS solutions for retailers, CPG brands, wholesalers, and shoppers. By building and scaling innovative retail solutions, Vison Group elevates shopper experiences and seamlessly uncovers growth strategies to optimize retail execution and revenue. As the leading provider of product images and attribute data, the company offers a syndicated image library containing over 1 million SKUs for boosting planogram and category management efficiency. Solutions include Store360 App, EZPOG, PDFtoPOG, PicToPOG, OmniPIX, and others to help CPG manufacturers and retailers manage portfolios, analyze in-store conditions, track product performance, and optimize merchandising strategies. For more information, please visit http://www.visiongroupretail.com/.
About HIVERY
HIVERY is a multi-award winner and pioneer of next-generation assortment strategy simulation technologies powered by sophisticated AI algorithms. Our technologies unlock the promise of hyper-local retailing by unleashing the power of your retail data.
HIVERY was founded on the vision that Data Has A Better Idea™ - and we’re working with our clients to uncover its full potential. For more information, visit www.hivery.com
Vision Group Taps Hivery’s AI-power to Uncover Billions in Retail Revenues (Graphic: Business Wire)
