Cin7 to acquire Inventoro.

Cin7, an inventory and order management software provider, agreed to acquire Inventoro, an AI-driven sales forecasting and replenishment optimization solutions provider. Financial terms were not disclosed. “Inventoro’s AI forecasting and optimization capabilities are a perfect complement to Cin7’s robust inventory management solutions. The actionable insights and increased visibility into performance provided by the combined capabilities help customers optimize performance across channels and minimize impacts from overstocking and stock outs. By combining Cin7’s inventory management platform and the power of Inventoro’s AI-powered forecasting, the future of inventory intelligence is here,” Ajoy Krishnamoorthy, Cin7 CEO.