Acquisition Set to Propel AI-Powered Pricing Innovation for Enterprise Retailers
Quicklizard to Become a Privately Held Company Upon Completion of the Transaction
TEL AVIV, Israel, February 05, 2025--(BUSINESS WIRE)--Quicklizard (TASE: QLRD), a leading AI-powered dynamic pricing platform for retailers and brands, today announced that it has entered into a definitive agreement to be acquired by Riverwood Capital, one of the leading investment firms solely dedicated to technology growth and scalability. This strategic acquisition is set to supercharge Quicklizard’s research and development efforts, accelerating the evolution of its platform and reinforcing its position as the go-to pricing optimization platform for enterprises worldwide.
The adoption of AI-powered pricing platforms among retailers is rapidly growing as businesses recognize the need for real-time price optimization to remain competitive. The global retail pricing software market, valued at approximately $12.38 billion in 2024, is projected to reach $23.62 billion by 2031 (Verified Market Research). This surge in adoption is driven by retailers’ need to enhance profitability and efficiency in increasingly dynamic markets.
Quicklizard’s AI-driven pricing technology is trusted by leading global retailers and brands, including Sephora, John Lewis, and more. The platform helps businesses identify relevant competitors and avoid unnecessary price wars, forecast demand, optimize pricing while taking inventory into account, and utilize article segmentation to stay highly competitive while maintaining profitability. Quicklizard has consistently delivered tangible results for its clients, driving an 8% increase in revenue and a 3%-5% increase in profit.
What sets Quicklizard apart is its transparent AI ensuring pricing strategies remain explainable and adaptable. Its omnichannel capabilities allow retailers to manage pricing independently across channels while accounting for dependencies. Additionally, Quicklizard offers a 100% open platform, enabling businesses to implement custom pricing strategies with simple Python code and a rapid implementation timeline of just 12-16 weeks.
"We are thrilled to join forces with Riverwood Capital," said Pini Mandel, CEO and Founder of Quicklizard. "This partnership marks a new chapter for Quicklizard, allowing us to significantly expand our R&D capabilities, enhance our AI-driven pricing technology, and bring even more value to retailers and brands worldwide. Our mission has always been to empower businesses with smarter pricing decisions, and with Riverwood’s support, we can now scale our innovation to new heights."
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.
"We are excited to partner with Pini and the entire Quicklizard team as they leverage AI and automation to transform how businesses optimize pricing and drive profitability," said Jeff Parks, Co-Founder and Managing Partner at Riverwood Capital. "In an increasingly dynamic and global market, their innovative approach enables enterprises to solve complex commercial challenges at scale, unlocking significant value for businesses and their customers in any geography or industry."
As Quicklizard embarks on this next phase of growth with Riverwood Capital, the company remains committed to its core mission: delivering state-of-the-art AI pricing technology that empowers retailers and brands to make smarter, more profitable pricing decisions in an increasingly dynamic market.
Quicklizard is continuously developing and improving its platform to meet the evolving needs of enterprise retailers. A new UI will soon be launched, providing greater user flexibility, enhanced off-the-shelf capabilities for faster insights, and a fresh, modern look and feel. In addition, Quicklizard is advancing its Pricing Guru, designed to give users a pricing analyst at their fingertips. The upgraded Pricing Guru will soon enable users to implement pricing strategies using written human language, making Gen AI-driven pricing more accessible than ever. This enhancement will allow businesses to refine and optimize their pricing strategies effortlessly, turning the Pricing Guru into a true virtual pricing consultant. With these innovations, Quicklizard continues to set the industry standard for transparent and high-impact AI pricing solutions.
Transaction Details
The transaction, which was approved by the Quicklizard Board of Directors, is currently 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. Upon completion of the transaction, Quicklizard’s common stock will no longer be publicly listed and Quicklizard will become a privately held company.
As part of the transaction, all shares of Quicklizard shall be converted solely into the right to receive the per-share transaction consideration of NIS 40.92 per share, reflecting a total company valuation of approximately NIS 186 million.
For further information, see the public report published on the Magna system of the Israel Securities Authority by Quicklizard on February 5, 2025 (Reference No. 2025-01-008951).
About Quicklizard:
Quicklizard is a leading AI-powered dynamic pricing platform designed for enterprise retailers and global brands. Our platform goes beyond recommendations by continuously optimizing and adjusting prices in real-time, enabling large-scale businesses to streamline their pricing strategies for sustained growth. By leveraging AI, Quicklizard empowers enterprises to enhance profitability, maintain competitiveness, and drive operational efficiency at scale. We offer a multi-channel, 100% open platform that enhances enterprises across a diverse range of industries, including consumer electronics, beauty, home & furniture, sporting goods, apparel, pet supplies, groceries, and airlines. Our platform is deployed in over 40 markets, integrating both online and offline channels, and dynamically refining millions of prices each month to help enterprises navigate complex market dynamics with agility and confidence. For more information, please visit Quicklizard.com.
About Riverwood Capital:
Riverwood Capital invests in high-growth companies in the technology and technology-enabled industries. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale on a global basis. The firm seeks to invest in established businesses with a proven technology and business model, and the proper fit in terms of culture and values. Riverwood was founded in 2008 and has had the opportunity to invest in and support over 80 companies since inception. The Firm has offices in Menlo Park, CA; Miami, FL; New York, NY; and São Paulo, Brazil. Please visit www.riverwoodcapital.com.
