Magnolia, Texas-based Relationshop, a digital engagement platform for retail chains, has acquired Stor.ai, a global e-commerce solution for regional grocers.
The companies said the acquisition will empower regional grocers with a unified i-commerce platform, combining operational excellence with data analytics and omni-channel engagement capabilities to increase transactions, enhance loyalty and grow sales.
The new entity will be called Stor.ai, a Relationshop company.
Stor.ai was founded in Israel in 2014 and is the e-commerce provider for top grocery chains in Israel. The company has more than 100 grocery customers in the U.S. and more than 200 customers globally.
Relationshop’s digital experience platform offers grocers omnichannel engagement and personalization tools for health and nutrition, loyalty and rewards programs, email and SMS marketing, digital circulars and data analytics of online, offline and hybrid customers. Relationshop clients include chains such as Albertsons, United Supermarkets and Big Y Foods and is deployed in 11 regional grocery brands across the U.S.
“This acquisition gives retailers the ability to advance beyond e-commerce to i-commerce,” said Galen Waters, CEO of Relationshop.
“The ‘i’ represents the tenets of our enterprise solution: intelligent data, individual engagement and integrated shopping. We believe that for regional retailers to compete with WIKA (Walmart, Instacart, Kroger and Amazon), they need a technology solutions partner and unified technology platform that drives all commerce – that’s i-commerce.
“By merging the Relationshop shopper engagement and personalization suite with the e-commerce and fulfillment platform of Stor.ai, our clients will be able to provide a transformational and frictionless digital shopping experience to their customers, that drives both online and in store activity.”
Stor.ai CEO Mendel Gniwisch agreed, “By combining the two product offerings, we will be able to provide regional grocers with a one-stop commerce solution that includes deep engagement and customer insights. For regional chains, it is critical that we offer a cohesive shopping experience beyond what can be achieved thru bespoke third party integrations or external marketplaces.”
To learn more, visit stor.ai.
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