Avolta is proud to have acted as the sole financial advisor to Unifai and its shareholders on its sale to Akeneo (backed by Summit Partners).
Unifai is the leading AI platform automating data collection, categorization and enrichment of product data for e-tailers and distributors. By combining tailor-made ML/DL algorithms, Unifai offers a user-friendly solution for distributors and e-retailers, allowing them to significantly reduce their time-to-market and tackle issues like misclassifications, anomalies, duplicates, and missing product details that can harm their conversion rates.
Unifai has already made a significant impact in the industry. Rexel, a B2B distributor and joint Akeneo and Unifai customer, achieved an 80% reduction in manual efforts and a 3x time to market acceleration. While sporting goods retailer, Intersport, drove a 50% time reduction in product data processing. By integrating Unifai’s AI/ML capabilities alongside Akeneo’s supplier data onboarding solution, a typical customer can aim to achieve 50% time savings with 95% accuracy in data onboarding processes.
Akeneo is the leading Product Experience Management (PXM) solution established in 2013 that enables businesses to manage and to enrich their product data efficiently. Akeneo’s intelligent Product Cloud, associating top-notch technology and expert guidance, is the most complete and composable SaaS-based solution. While accelerating growth and minimizing time-to-market, Akeneno gives organizations with the competitive advantage required to turn visitors into customers.
The strategic acquisition is poised to revolutionize Akeneo’s Product Cloud offering, infusing intelligence and cutting-edge technology to further elevate product experiences for brands, manufacturers, retailers and distributors globally. Concurrently, to further help businesses protect their brands from careless AI mistakes, Akeneo will also be leveraging this acquisition to create the first ever AI for PX Center of Excellence – an initiative aiming to share with PX professionals best practices and recent developments.
This transaction is a further testament to Avolta’s expertise in AI, confirming our leadership in this industry, with major deals completed over the past few years: Deepomatic, Opendatasoft, Unseenlabs, Posos, Lumi THD, Recast.ai, Golem.ai, Qarnot Computing, etc.