Ascential Acquires Clavis Insight
Clavis Insight, a leading eCommerce insight provider for product manufacturers, announced its acquisition by Ascential plc, an international, business-to-business information company. Ascential is listed on the London Stock Exchange and is a FTSE 250 company.
Clavis Insight will form a part of Ascential’s Information Services division alongside One Click Retail. One Click Retail, based in the US, provides accurate sales and share estimates at SKU level to help major brands optimize their eCommerce activities, particularly on Amazon.
The integration of the two businesses will create an enormous opportunity to provide customers with one of the most comprehensive, accurate and actionable eCommerce insights and analytics solutions across online retailer sites worldwide.
Garry Moroney, Founder and CEO of Clavis Insight, said: “We look forward to joining Ascential and integrating with One Click Retail to deliver the gold standard in eCommerce action-ready insights and performance measurement for product manufacturers. Working with tier one brands around the world, Clavis has grown into a global leader and I am confident that combining the expertise of One Click Retail, and Ascential’s other leading products, will further extend our comprehensive solutions and value proposition for this industry.”
Duncan Painter, Chief Executive Officer of Ascential plc, said: “We are delighted to welcome Clavis Insight and the team to Ascential. By combining the Clavis and One Click Retail product offerings, we are creating a leading eCommerce insights platform globally, with products and services, which are at the forefront of the industry. Clavis and One Click Retail are both high-growth, globally scalable businesses and we look forward to creating a new, accurate, comprehensive and actionable product, which is greater than the sum of its parts. We are very much looking forward to being able to further support our global customers to assist them in accelerating further their growth.”
Spencer Millerberg, Founder of One Click Retail, said: “We are delighted that Ascential has been able to acquire Clavis Insight. The combination of One Click Retail with Clavis to create a leading eCommerce Insights platform is exactly what our customers have been asking for. It’s a beautiful match.”