Quicklizard's Acquisition by Riverwood Capital: A Boon for AI-Powered Pricing

In a strategic move that signals the growing demand for AI-powered pricing platforms, Quicklizard, a leading provider of AI-driven dynamic pricing solutions, has agreed to be acquired by Riverwood Capital, a prominent investment firm focused on technology growth and scalability. This acquisition, valued at approximately NIS 186 million (USD 50 million), reflects a 30% premium on Quicklizard's market price at the time of the announcement. Upon completion of the transaction, Quicklizard will become a privately held company and delist from the Tel Aviv Stock Exchange (TASE).

Quicklizard's transparent AI, omnichannel capabilities, and open platform have positioned it as a go-to pricing optimization solution for enterprises worldwide. The company's AI-driven pricing technology helps businesses identify relevant competitors, forecast demand, optimize pricing while considering inventory, and utilize article segmentation to maintain profitability. With a proven track record of delivering tangible results, Quicklizard has consistently driven an 8% increase in revenue and a 3%-5% increase in profit for its clients.

Riverwood Capital, known for investing in and scaling high-growth technology companies, sees this acquisition as a strategic move to support the growing market demand for AI-powered pricing platforms. The global retail pricing software market is projected to reach $23.62 billion by 2031, indicating a significant opportunity for growth. By partnering with Quicklizard, Riverwood Capital aims to leverage the company's innovative approach to pricing optimization and drive further adoption and growth in the market.

As part of the transaction, all shares of Quicklizard will be converted solely into the right to receive the per-share transaction consideration of NIS 40.92 (USD 11.25) per share, reflecting a total company valuation of approximately NIS 186 million (USD 50 million). The transaction is expected to close in the first half of 2025, subject to customary closing conditions, including approval by Quicklizard's shareholders and the receipt of required regulatory approvals.

Pini Mandel, CEO and Founder of Quicklizard, expressed his enthusiasm for the partnership with Riverwood Capital, stating that this new chapter will allow the company to significantly expand its R&D capabilities, enhance its AI-driven pricing technology, and bring even more value to retailers and brands worldwide. Jeff Parks, Co-Founder and Managing Partner at Riverwood Capital, echoed this sentiment, emphasizing the firm's excitement in partnering with Quicklizard to transform how businesses optimize pricing and drive profitability in an increasingly dynamic and global market.

In conclusion, the acquisition of Quicklizard by Riverwood Capital is a strategic move that aligns with the growing market demand for AI-powered pricing platforms. This partnership will enable Quicklizard to expand its R&D capabilities, enhance its AI-driven pricing technology, and bring even more value to retailers and brands worldwide. With Riverwood Capital's support, Quicklizard is well-positioned to maintain its position as the go-to pricing optimization platform for enterprises worldwide and drive further growth and innovation in the global retail pricing software market.