Quicklizard News
12 articles
Riverwood Capital buys Israeli AI pricing co Quicklizard
Quicklizard, an Israeli company based in Petah Tikva, is being acquired by US private equity firm Riverwood Capital for NIS 186 million. This acquisition reflects a 30% premium on Quicklizards market price, and the company will delist from the Tel Aviv Stock Exchange (TASE) once the deal is completed. Quicklizard specializes in developing AI-powered pricing software for manufacturers and retailers. The companys stock has seen significant growth, jumping 250% since May 2023, driven by investor interest in AI technology. Quicklizard raised NIS 45.5 million in its IPO on TASE in February 2021 and has shown improved financial performance in recent months.
Acquired-by
קוויקליזארד מכניסה שותף אסטרטגי כדי להרחיב את פעילותה בארה"ב
French media giant Publicis is investing up to $5 million in Quicklizard, an Israeli company specializing in dynamic pricing technology, with the aim of expanding its operations in the US. Publicis invested $3 million for approximately 9% of Quicklizards shares, reflecting a 50% premium on the share price. The investment will allow Quicklizard to expand its operations in the US.
InvestmentPartners
UST and Quicklizard Partner on Dynamic Pricing for Retailers | MarTech Cube
Digital transformation solutions company UST has partnered with price optimization platform Quicklizard to provide AI-guided data-infused pricing at scale to global brands and retailers. The integration of Quicklizards platform into USTs solutions portfolio aims to improve operations, experiences, and profitability across retail value chains by optimizing pricing capabilities. The partnership will help clients maintain profitability and sharpen their competitive edge by offering strategic discipline, accurate market intelligence, and stringent implementation procedures. Quicklizards AI-powered dynamic pricing platform enables pricing managers to optimize decisions for 100% of their catalog.
Partners
הכנסות קוויקליזארד צמחו ב- 31.7% לכ- 5.9 מיליון שקל
קוויקליזארד, a company specializing in dynamic pricing, has reported its financial results for the first half of 2022. The company experienced a revenue growth of approximately 31.7% compared to the same period last year. The company also signed a new service agreement with ישראייר תעופה (Israir Airlines) and expanded its services to them. Additionally, קוויקליזארד has gained significant customers, including Samsung, and has expanded its operations in various countries. The company is focused on using its advanced technology to help customers make informed pricing and business decisions, leading to increased profitability and revenue. The stock market has not yet responded to the positive financial report.
CustomersPartners
קוויקליזארד גייסה 15 מיליון ש״ח בהנפקה פרטית מילין לפידות ומבית ההשקעות מור
The article discusses an investment in an unknown company. Yelin Lapidot will invest approximately 12 million NIS and become a 9.8% stakeholder in the company. Mor Gamal will increase their stake in the company by investing an additional 3 million NIS and holding 15.2% of the company. The CEO of the company, Pini Mendel, states that the money from the investment will allow them to implement the companys growth strategy.
Investment
הכנסות קוויקליזארד צמחו ב-33%, ההפסד התפעולי העמיק פי 3, המניה צנחה ב-10% כלכליסט
קוויקליזארד, a technology company specializing in dynamic pricing, reported financial results for the first half of the year. While the company experienced a 33% growth in revenue, its operating loss deepened. The increased loss was attributed to a sharp rise in operating expenses, including research and development, sales and marketing, and general administration. Despite the negative financial results, the company plans to expand its workforce in the coming quarters. The companys stock price has dropped by 44% in the past three months. קוויקליזארד went public in February, raising 46 million shekels in its initial public offering (IPO).
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Quicklizard signs agreement with IKEA South Asia
Israeli AI pricing optimization platform Quicklizard has signed a strategic agreement with Ikano, a part of the global IKEA Group, to provide its AI pricing optimization platform to IKEA in South Asia. The agreement is expected to cover Singapore, Malaysia, Thailand, and the Philippines initially, with potential expansion to other countries in the future. Quicklizards platform will enable IKEA to implement a fully digital pricing approach. Quicklizard is experiencing global expansion and has achieved success in Europe and increased growth investment in the US. The company helps multichannel retailers automate and optimize their pricing and promotions across all channels.
CustomersPartners
המניה מזנקת, אבל קוויקליזארד צריכה לצמוח כדי לא לספוג תמחור דינמי כלכליסט
Quicklizard, an AI-based dynamic pricing technology company, has seen its stock rise by 57% since its February IPO. The company raised 45.5 million shekels in the IPO and issued about a million options convertible into its shares at a price of 66.9 shekels. Institutional investors include Meitav Dash (13.5%), Migdal Insurance (8.4%), and Psagot Investment House (6.2%). Despite losses in 2020, the companys revenues from its dynamic pricing platform grew by 58% to 6.5 million shekels. Quicklizard aims to maintain a growth rate of 75% in the coming years.
Investment
Quicklizard signs Australia, NZ distribution deal
Quicklizard, an Israeli AI-based dynamic retail pricing system company, has signed a strategic agreement with a publicly-traded Australian distributor. The agreement allows Quicklizard to operate in Australia and New Zealand, expanding its global presence. The companys unique multi-channel pricing system enables potential customers to adjust and change prices both in physical stores and online. Quicklizard provides a software retail platform that optimizes pricing based on AI, helping retailers fulfill their commercial potential. The platform analyzes data from the customers systems to form recommendations for retail product price changes. Quicklizard operates in 20 countries worldwide and sees the retail sector as a strategic field. The article was published on May 10, 2021.
Partners
קוויקליזארד דיווחה על הרחבת ההסכם עם לקוח משמעותי ב-30%
קוויקליזארד announced that a significant customer has expanded its contract with the company by approximately 30%. The German company, operating in the construction industry and selling to 13 companies, increased the services it receives from קוויקליזארד from €230,000 to €300,000 per year, representing a 30% increase in annual recurring revenue (ARR). קוויקליזארדs CEO, Pini Mendel, stated that within just four months, they were able to provide significant value to the customer, who saw how it increased revenue and profit using the companys artificial intelligence system. קוויקליזארד raised approximately ₪45 million in February, with a current valuation of ₪141 million. The company develops AI-based software for real-time pricing for construction companies operating mainly through online channels.
Customers
Quicklizard החלה להיסחר הבוקר בבורסה של תל אביב
Quicklizard, an AI company specializing in product pricing for retail stores, is set to be publicly traded on the Tel Aviv Stock Exchange under the symbol QLRD. The company raised NIS 45.5 million, including NIS 2 million from the public, at a company value of NIS 109 million before the money. The company grew by 75% in 2020 compared to 2019 and has a gross profit of over 70%. Quicklizard operates in over 20 countries, with most of its customers being B2C companies that sell products and services online and in physical stores. The company plans to significantly increase its marketing and sales channels in the coming years and invest in further developing the companys AI capabilities.
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We are facing a data revolution, say experts
The article discusses the impact of the COVID-19 pandemic on various sectors including finance, tourism, retail, and healthcare. It highlights the increasing reliance on data and online commerce due to the shift in consumer behavior and market dynamics. The article features insights from industry leaders including Or Lenchner, CEO of Luminati Networks, a global platform for online data collection. Lenchner notes the intensification of online consumer activity and the crucial role of data in navigating the new economic terrain. Other industry leaders also discuss the changes in their respective sectors and the increasing importance of data-driven strategies.
CustomersExpand