Kinaxis Acquires AI-based Retail Demand Planning Provider Rubikloud
June 15, 2020
Kinaxis Inc. has signed a definitive agreement to acquire Toronto-based Rubikloud for US$60 million in an all-cash transaction. The acquisition brings Rubikloud’s AI/ML-driven demand forecasting and promotion optimization SaaS capabilities (and ~80 employees) into Kinaxis’s RapidResponse platform to expand its demand-planning capabilities and accelerate entry into the enterprise retail and CPG markets.
- Buyers
- Kinaxis Inc.
- Targets
- Rubikloud
- Industry
- AI & Machine Learning
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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