Business
Pivotree Announces Definitive Agreement to Acquire Data Management Firm Codifyd
Pivotree Announces Definitive Agreement to Acquire Data Management Firm Codifyd ...
About this update from Pivotree, Inc.
[{"type":"text","content":"\n \n \n \n Pivotree Announces Definitive Agreement to Acquire Data Management Firm Codifyd\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Acquisition will enable Pivotree to scale data management services and add new capabilities\n \n \n \n \n TORONTO\n \n ,\n \n Nov. 2, 2021\n \n /CNW/ - Pivotree Inc. (TSXV: PVT) (\"\n \n Pivotree\n \n '' or the \"\n \n Company\n \n \"), a leading provider of\n \n \n frictionless commerce\n \n \n solutions, is pleased to announce that it has entered into a definitive agreement (the \"Transaction\") to acquire Codifyd, Inc. (\"\n \n Codifyd\n \n \"), a leading Data Services and Master Data Management firm. The acquisition will scale and enhance Pivotree's capability in the data management business as a foundational component of the company's frictionless commerce strategy.\n \n \n \n \n \n \n \n \n \n With the acquisition of Codifyd, Pivotree will rapidly scale its existing multi-domain MDM practice. It will also bring additional capabilities to market, empowering leading brands to efficiently acquire, manage and enhance data across all channels to enable trusted frictionless experiences for consumers.\n \n \n The expanded data management strategy capability will enable Pivotree customers to leverage their data to achieve digital transformation objectives. With the addition of the content service practice, customers will also benefit from data optimization to deliver exceptional customer experiences in digital commerce.\n \n \n \"This acquisition aligns perfectly to our vision of delivering frictionless commerce solutions to our customers and to our growth strategy by adding instant scale and increasing market share within this set of core capabilities,'' said\n \n Bill Di Nardo\n \n , CEO of Pivotree. \"Codifyd brings deep domain expertise and a complementary customer base of top retailers, distributors and manufacturers. We are thrilled to welcome the Codifyd team under the Pivotree umbrella and provide our customers with expanded service and product offeri...