Accel-KKR-backed ToolsGroup completed the acquisition of Evo Pricing.

Accel-KKR-backed ToolsGroup, a retail and supply chain planning and optimization software developer, completed the acquisition of Evo Pricing, an artificial intelligence and machine learning solutions provider. Financial terms were not disclosed. “Together with ToolsGroup, we can shape the vision for the supply chain of the future – one that powers smarter supply chain decisions for human managers through optimal price and inventory calculations. Joining together with ToolsGroup will allow us to extend the impact we can deliver beyond pricing and inventory optimization, to better decision making across the entire value chain," Fabrizio Fantini, Evo Founder and CEO.