NEWS12 March 2020

Trax buys Survey.com

Asia Pacific Data analytics M&A News North America Retail

SINGAPORE/US – Retail analytics firm, Trax, has acquired consumer packaged goods (CPG) sales and merchandising services firm, Survey.com, for an undisclosed amount.

Trax will combine both companies’ technologies, product offerings and customer delivery to create a merchandising system for retail.

The Survey.com acquisition broadens Trax’s reach across CPG brands and data and insights, to include business results and revenue.

This is the latest acquisition by Trax. Last month it bought European AI-based in-store tech firm, Qopius.

Trax chief commercial officer and co-founder Dror Feldheim said: “With Survey joining Trax, we will strengthen our leadership in prescribing best-in-class, data-driven in-store strategies to brands and retailers, and become a differentiated provider of on-demand sales activation and merchandising services to the entire spectrum of CPG brands. In addition, this acquisition allows Trax to serve the needs of emerging/mid-market brands, a segment that is a significant source of growth in CPG today.”

Survey.com chief executive officer and founder Panos Bethanis added: “We are thrilled to join Trax, a company we all know is passionate about empowering brands and retailers to win at the shelf. Survey.com will further strengthen and advance Trax’s comprehensive portfolio of solutions through our retail intelligence platform, which prescribes data-driven retail strategies for CPG brands and provides an on-demand workforce to execute in-store micro services.” 

@RESEARCH LIVE

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