IRI and The NPD Group have completed their merger to create a global technology, analytics and data provider. The merger brings together colleagues across the globe to offer more than 7,000 clients a comprehensive view of consumer behavior, total retail purchasing and consumption trends across a range of industries.
A unified name and brand for the combined company will be announced at a later date.
The combined company will empower brands and retailers to collaborate and respond to trends and leverage more insights to drive growth. IRI and NPD have sector knowledge, leading data assets and strategic retail relationships in more than 20 industries, including CPG, softlines, hardlines, beauty, technology, foodservice and food consumption. The company’s insight capabilities will be powered by the technology and data visualization platform, Liquid Data.
“We are thrilled to merge our two great companies and create an even stronger organization together,” said Kirk Perry, president and CEO.
“Our combination sets a new standard, raising the bar for innovative technology, rich insights and data-driven advisory services across industries. As one company, our world-class team will offer a total store read and greater share of consumer wallets and stomachs. The possibilities for our clients, our people and our company are endless.”
Tod Johnson, chairman of the board of directors, said, “Today marks an important milestone for our company and the industry. Our combined company is best-positioned to support our wide variety of retailer and manufacturer clients around the world with comprehensive and powerful insights to help them navigate the continually evolving consumer landscape. We look forward to realizing the immense value this combination stands to create for our clients, employees and partners.”
The combined company’s executive leadership team will be led by Perry, and include senior leaders from both IRI and NPD. The combined company’s board of directors will be led by Johnson and include Perry, former NPD CEO Karyn Schoenbart, former IRI chairman Jeff Ansell and representatives from H&F, Vestar and NMC.
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