Latest news with #PXM
Zawya
26-02-2025
- Business
- Zawya
Investcorp to sell software vendor Contentserv for $229mln
Investcorp, a leading global alternative investment firm, has announced that it has reached an agreement with US-based Centric Software for the sale of its majority stake in Contentserv, a leading provider of AI-fueled Product Information Management (PIM) and Product Experience Management (PXM) solutions. A Silicon Valley–based software company headquartered in California, the Centric Software is a subsidiary of French multinational software group Dassault Systèmes. Headquartered in Germany, Contentserv enables fast-moving consumer goods and other companies to create and manage product content intuitively and effectively by means of AI to optimize consumer experiences across all digital sales channels. With Contentserv solutions, retailers, brands and manufacturers are able to execute strategies such as more or simply better product offers, regions and sales channels for increased product sell-through. Contentserv users have reported ROI such as a 30% reduction in time to market, 70% faster catalogue creation, 75% more accurate product information and increased sales channel coverage in more languages. Since Investcorp's acquisition in 2019, the company has grown its recurring revenues approximately sixfold and today serves over 1,600 customers in 90 countries globally. In 2023, Contentserv completed the strategic add-on acquisition of Shoppingfeed in France, which significantly bolstered its European presence and expanded its product capabilities into the complementary feed management category, which has been very well received throughout its customer base. Yusef Al Yusef, Global Head of Distribution, Investcorp, said it has extensive experience in supporting technology businesses in Europe and across other key markets. "Contentserv is a dynamic business which has seen robust growth, becoming a leader of AI-fueled PIM and PXM solutions and we look forward to seeing their progress in the future. In the technology sector, we continue to see substantial opportunities to support promising companies in accelerating their growth," he noted. Georg Knoflach, Managing Director, Investcorp, said: "Our investment in Contentserv builds on a tradition of supporting fast-growing technology businesses in the DACH region, to accelerate growth, internationalize and expand into new product categories, both organically as well as through M&A." "Over the last five years Contentserv has grown rapidly and developed a market leading product offering, and we are delighted to see it well prepared for its next chapter with Centric Software," he added. Contentserv CEO Michael Kugler said: "Investcorp has been a wonderful partner for our growth over the last five years, helping us to continue our international expansion, to where we now stand as a global company." "Thanks to their support, we feel like we are in a stronger position as we join Centric Software, to double down on our product strategy and continue to the next, exciting chapter of Contentserv," he stated. Bahrain-based Investcorp is a global investment manager specializing in alternative investments across four asset classes: private equity, real assets, Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management). It has a long history of investing in and supporting technology-enabled businesses, with notable investments including VEDA, NetRom Software, Zift Solutions and HWG Sababa. The sale of Contentserv follows previous successful exits in other DACH headquartered software companies, including Avira (sold to NortonLifelock) and Softgarden (sold to Grupa Pracuj). The transaction is expected to close by the end of Q1 2025 and is subject to customary regulatory and other closing conditions.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
25-02-2025
- Business
- Trade Arabia
Investcorp to sell software vendor Contentserv for $229m
Investcorp, a leading global alternative investment firm, has announced that it has reached an agreement with US-based Centric Software for the sale of its majority stake in Contentserv, a leading provider of AI-fueled Product Information Management (PIM) and Product Experience Management (PXM) solutions. A Silicon Valley–based software company headquartered in California, the Centric Software is a subsidiary of French multinational software group Dassault Systèmes. Headquartered in Germany, Contentserv enables fast-moving consumer goods and other companies to create and manage product content intuitively and effectively by means of AI to optimize consumer experiences across all digital sales channels. With Contentserv solutions, retailers, brands and manufacturers are able to execute strategies such as more or simply better product offers, regions and sales channels for increased product sell-through. Contentserv users have reported ROI such as a 30% reduction in time to market, 70% faster catalogue creation, 75% more accurate product information and increased sales channel coverage in more languages. Since Investcorp's acquisition in 2019, the company has grown its recurring revenues approximately sixfold and today serves over 1,600 customers in 90 countries globally. In 2023, Contentserv completed the strategic add-on acquisition of Shoppingfeed in France, which significantly bolstered its European presence and expanded its product capabilities into the complementary feed management category, which has been very well received throughout its customer base. Yusef Al Yusef, Global Head of Distribution, Investcorp, said it has extensive experience in supporting technology businesses in Europe and across other key markets. "Contentserv is a dynamic business which has seen robust growth, becoming a leader of AI-fueled PIM and PXM solutions and we look forward to seeing their progress in the future. In the technology sector, we continue to see substantial opportunities to support promising companies in accelerating their growth," he noted. Georg Knoflach, Managing Director, Investcorp, said: "Our investment in Contentserv builds on a tradition of supporting fast-growing technology businesses in the DACH region, to accelerate growth, internationalize and expand into new product categories, both organically as well as through M&A." "Over the last five years Contentserv has grown rapidly and developed a market leading product offering, and we are delighted to see it well prepared for its next chapter with Centric Software," he added. Contentserv CEO Michael Kugler said: "Investcorp has been a wonderful partner for our growth over the last five years, helping us to continue our international expansion, to where we now stand as a global company." "Thanks to their support, we feel like we are in a stronger position as we join Centric Software, to double down on our product strategy and continue to the next, exciting chapter of Contentserv," he stated. Bahrain-based Investcorp is a global investment manager specializing in alternative investments across four asset classes: private equity, real assets, Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management). It has a long history of investing in and supporting technology-enabled businesses, with notable investments including VEDA, NetRom Software, Zift Solutions and HWG Sababa. The sale of Contentserv follows previous successful exits in other DACH headquartered software companies, including Avira (sold to NortonLifelock) and Softgarden (sold to Grupa Pracuj).
Mid East Info
25-02-2025
- Business
- Mid East Info
Investcorp agrees to sell software vendor Contentserv for €220 million - Middle East Business News and Information
Investcorp, a leading global alternative investment firm, today announced that it has agreed to sell its majority stake in Contentserv (or 'the Company'), a leading provider of AI-fueled Product Information Management (PIM) and Product Experience Management (PXM) solutions, to US-based Centric Software, a subsidiary of Dassault Systèmes (Euronext Paris: FR0014003TT8, Headquartered in Germany, the Company enables fast-moving consumer goods and other companies to create and manage product content intuitively and effectively by means of AI to optimize consumer experiences across all digital sales channels. With Contentserv solutions, retailers, brands and manufacturers are able to execute strategies such as more or simply better product offers, regions and sales channels for increased product sell-through. Contentserv users have reported ROI such as a 30% reduction in time to market, 70% faster catalogue creation, 75% more accurate product information and increased sales channel coverage in more languages. Since Investcorp's acquisition in 2019, the Company has grown its recurring revenues approximately sixfold and today serves over 1,600 customers in 90 countries globally. In 2023, Contentserv completed the strategic add-on acquisition of Shoppingfeed in France, which significantly bolstered its European presence and expanded its product capabilities into the complementary feed management category, which has been very well received throughout its customer base. Yusef al Yusef, Global Head of Distribution, Investcorp, said: 'Investcorp has extensive experience in supporting technology businesses in Europe and across other key markets. Contentserv is a dynamic business which has seen robust growth, becoming a leader of AI-fueled PIM and PXM solutions and we look forward to seeing their progress in the future. In the technology sector, we continue to see substantial opportunities to support promising companies in accelerating their growth.' Georg Knoflach, Managing Director, Investcorp, said: 'Our investment in Contentserv builds on a tradition of supporting fast-growing technology businesses in the DACH region, to accelerate growth, internationalize and expand into new product categories, both organically as well as through M&A. Over the last five years Contentserv has grown rapidly and developed a market leading product offering, and we are delighted to see it well prepared for its next chapter with Centric Software.' Michael Kugler, CEO, Contentserv, said: 'Investcorp has been a wonderful partner for Contentserv's growth over the last five years, helping us to continue our international expansion, to where we now stand as a global company. Thanks to their support, we feel like we are in a stronger position as we join Centric Software, to double down on our product strategy and continue to the next, exciting chapter of Contentserv.' Investcorp has a long history of investing in and supporting technology-enabled businesses, with notable investments including VEDA, NetRom Software, Zift Solutions and HWG Sababa. The sale of Contentserv follows previous successful exits in other DACH headquartered software companies, including Avira (sold to NortonLifelock) and Softgarden (sold to Grupa Pracuj). The transaction is expected to close by the end of Q1 2025 and is subject to customary regulatory and other closing conditions. About Investcorp: Investcorp is a global investment manager specializing in alternative investments across four asset classes: Private Equity (Mid-Market Buyouts, Growth Investments, and GP Staking), Real Assets (Infrastructure and Real Estate), Credit (CLOs, Broadly Syndicated Loans & Structured Credit, and Middle-Market Direct Lending), and Liquid Strategies (Absolute Return Investments and Insurance Asset Management). Since our inception in 1982, we have focused on generating attractive returns for our clients and seeking to create long-term value in our portfolio companies by adopting a disciplined investment process, employing talented professionals, and utilizing the resources of a global institution with an innovative approach. We invest capital in our products and strategies, aligning interests with our clients and other stakeholders. We pursue sustainable value creation through our investments and in the communities in which we operate and take pride in partnering with clients to deliver tailored solutions for their needs. Today, Investcorp manages approximately $53 billion in assets, including assets managed by third party managers. Investcorp has 14 offices in the US, Europe, GCC and Asia, including, India, China, Japan and Singapore and employs approximately 500 people from 50 nationalities globally. About Contentserv: Contentserv is the leading provider of a Product Information Management (PIM) and Product Experience Management (PXM) cloud. The company enables brand manufacturers and retailers to manage their product content intuitively and efficiently by means of AI and to optimize the customer experience across all digital sales channels. Contentserv's cloud solution ensures more traffic to product detail pages, higher conversion rates and customer satisfaction, improved time-to-value, and optimized ROI. More than 1,600 brands in 90 countries trust Contentserv with their product content. Contentserv GmbH was founded in Germany in 2000 and is headquartered in Munich. With 14 global offices in Europe, the USA, and Asia, 250 employees, and industry-leading partners, the company continues to expand. Contentserv was recognized in The Forrester Wave Q4 2023: Product Information Management as a Strong Performer and included as a top 20 vendor in Gartner's 2025 Market Guide for PIM solutions.
Yahoo
13-02-2025
- Business
- Yahoo
Salsify Customers Drive Valuable Business Outcomes Through Organizational Efficiency, Increased Performance, and AI Impact in 2024
Enthusiastic Adoption of Salsify PXM Advance Platform, AI Innovation, and Network Expansion Delivers its 7th consecutive year of Double Digit ARR Growth BOSTON, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Salsify, the Product Experience Management (PXM) platform empowering brand manufacturers, distributors, and retailers to win on the digital shelf, today announced another year of double digit ARR growth in 2024, driven by the business value created by its customers using Salsify. In 2024, 70,000 Salsify PXM users in 149 countries used 511 million automated workflow tasks to help publish over 2 billion products across more than 950 destinations worldwide with increased efficiency and performance impact. The number of automated workflow tasks, a critical component of driving efficiency, represents a 40% increase over 2023. The early 2024 announcement of Salsify PXM Advance, the company's new AI-propelled version of its platform, was a significant driver of customer investment in Salsify. The platform's Grocery Accelerator, which uses AI and automation to speed accurate, validated, and high-quality product data to market, became the company's fastest-adopted capability ever. Over 200 new customers began their partnership with Salsify in 2024, including Virbac and Riviana Foods, Inc. By the end of 2024, 47% of Salsify's customers had migrated to the new PXM Advance platform, a record-breaking adoption rate. Customers increasing their commitment to Salsify in 2024 included Coty and Fortune Brand Innovations. Driven by the power of the new platform and the excellence of Salsify's customer success and services teams, the company is extremely proud that its customers continue to make recurring investments in the Salsify platform with a gross retention rate in the mid 90s. Salsify also achieved historic profitability in 2024 with double-digit EBITDA margins, ending the year with over $200 million in cash and cash equivalents on its balance sheet. "In my first six months as Salsify CEO, customers have consistently cited two reasons why they continue to invest in Salsify: our platform and our people," said Piyush Chaudhari, CEO of Salsify. 'In 2025 and beyond, we will continue to direct our own investments to help them achieve both top-line and bottom-line growth through product experiences that truly matter - to their customers, end consumers, and B2B buyers.' In 2024, Salsify invested $32 million in product innovation to advance the business value realized by its customers. This investment helped enable documented valuable outcomes across the Salsify customer base, including: Speed to market: Salsify's investments in automated workflows and AI helped decrease the time it takes to bring products to market. In three months, a global food brand reduced the time to market from seven days to minutes. Using Grocery Accelerator, an ecommerce associate at a global CPG can verify the accuracy of 15 SKUs in 40 minutes, versus eight hours with their prior solution. A national household goods company reduced time to market from six weeks to one week by using Salsify to syndicate content to Dollar General. Performance Improvements: Accurate, complete, optimized product content created and syndicated to retailers using Salsify drives improved SEO and conversions, while increasing retail media Return on Ad Spend (ROAS). A global electronics manufacturer improved their content scores on Walmart, rising from an average score of 86% to 94% across their portfolio. A global wine and spirits brand saw their volume grow 24% at one of the largest grocers in the US after implementing a new Salsify direct connection that offered more robust content capabilities. KIND has experienced significant improvement on the digital shelf since implementing Salsify, including a 10% sales lift on Kroger. They've also seen average compliance for bullet point product data increase from 17% to 96% and average image compliance from 57% to 90%. A European food manufacturer was receiving daily fines due to submitting product data through a manual excel upload which was both time consuming and open to errors. Since implementing Salsify's GDSN solution, they have reached 100% compliance with the packaging requirements and zero penalties. Dorel Juvenile invested in several major initiatives to improve their Enhanced Content quality and effectiveness that they saw paid off by more than doubling their conversions at Target. 'We have always believed in the value that publishing Enhanced Content through Salsify provides to enhance the customer experience and provide more information to help customers feel confident in their decision to buy our products,' said Daniel Desimone, Digital & Ecommerce Product Manager at Dorel Juvenile. 'Their Enhanced Content Analytics has taken that a step further, allowing us to make more data-driven decisions about our content development. We invested in several major initiatives around Enhanced Content that we can see paid off by more than doubling our conversions at Target.' Tech Consolidation: In a time when IT organizations are looking to streamline their tech stack for greatest efficiency and ROI, Salsify's investments in enterprise-scale data governance, global IT administration, and industry-leading workflows has enabled customers to replace legacy PIM solutions and consolidate on Salsify. In 2024, a global CPG brand expanded their use of Salsify PXM Advance to replace their separate legacy PIM solution and launched seven markets in five months. Global PXM Network Growth: The reach and impact of our customers is directly tied to the continually expanding network of retailer, distributor, and commerce endpoints they can reach through Salsify's network. In 2024, Salsify expanded reach and impact at commerce destinations around the globe: Salsify's investment in Amazon success paid off in 2024, expanding to 16 markets and launching the Amazon Feedback Status Report, now used by hundreds weekly to optimize listings. In 2024, Salsify connected directly to Walmart's OmniSpec API Suite, enabling seamless content publishing—over 2.3 million SKUs were uploaded by 1P and 3P sellers. The company also introduced eight new bi-directional retailer connections, breaking down existing walled gardens that prevent the continual collaboration and optimization of product content. Enhanced content expanded with 13 new destinations, enhancing the shopping experience and driving conversions, including Ulta, Staples, and more. Meanwhile, Salsify's free Open Catalog saw 40% more products added and 41% growth in retailer engagement, ensuring continual access to the industry's most up-to-date content. In addition in 2024, Salsify was recognized as a 'Leader' in the IDC's latest PIM market evaluation, 'IDC MarketScape: Worldwide Product Information Management Applications for Commerce 2024-2025 Vendor Assessment', which stated, 'Salsify's PIM provides strong governance, taxonomy, and hierarchy capabilities while remaining flexible enough to support omnichannel data management. It can store a golden product information record while transforming those records to meet endpoint requirements quickly and at scale.' As a reflection of their innovation and success with Salsify, many customers shared the stories of their success with the industry. The latest case studies appear on the Salsify website. The most outstanding examples of customer performance, growth, and innovation during 2024 will be recognized with Digital Shelf Transformer Awards at the Digital Shelf Summit in New Orleans from April 7th-9th. For more information, visit About Salsify Salsify helps thousands of brand manufacturers, distributors, and retailers in over 140 countries collaborate to win on the digital shelf. The company's Product Experience Management (PXM) platform enables organizations to centralize all of their product content, connect to the commerce ecosystem, and automate business processes in order to deliver the best possible product experiences across every selling destination. Learn how the world's largest brands, including Mars, L'Oreal, Coca-Cola, Bosch, and ASICS, as well as retailers and distributors such as DoorDash, Carrefour, Metro, and Intermarché use Salsify every day to drive efficiency, power growth, and lead the digital shelf. For more information, please visit: Contact: Carolyn Adamscarolyn@
