Energy and excitement run high at Mad Street Den HQ as we officially announce our acquisition of INTURN, an enterprise software solution for managing excess inventory and helping retailers grow margins.
Over the last decade, we at Mad Street Den have created AI-based solutions to help retailers grow their business by reducing operational costs through automation and increasing revenue with personalized customer experiences.
Combining INTURN’s inventory workflow tools and margin optimization capabilities together with Vue.ai’s retail AI suite, customers now get the power to not only effectively use AI to optimize supply chain processes and planning but also weave it into customer experiences to create efficiencies across the entire retail value chain.
Ronen Lazar, the co-founder of INTURN, flaunts over a decade of expertise in helping retailers sell slow-moving inventory and effective waste management solutions.
“Adding Mad Street Den’s AI capabilities to drive further automation and predictability will enable our customers to further optimize for both cost savings and margin improvement.” added Ronen.
Ashwini Asokan & Anand Chandrasekaran, co-founders of Mad Street Den said, “if you’re tracking the market today, inventory management is everything for businesses globally right now. Tier 1 retailers and brands are struggling to manage excess, unsold inventory. Riding through this economic downturn and successfully showing up on the other side is not just about biding time for them, it’s about actively finding ways to deal with the changing winds and the new reality.”
“INTURN fit our roadmap like a glove. We’ve been product tagging, providing insights and powering demand and inventory analysis with Vue.ai for years now and the INTURN promise fits the continuum of that workflow by allowing buyers and sellers to connect, sell faster and maximize recovery. The product is top notch and the customers who used them have been thrilled with the company. It was a no-brainer for us.”
Ashwini Asokan & Anand chandrasekaran
Our first acquisition comes as a natural extension of Vue.ai’s vision to provide customers with intelligent solutions to not only manage but also more effectively optimize supply chain processes and planning.
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