Fundz

Logility Acquires Ai Forecasting Pioneer Garvis

PRIVATESep 07, 2023

Acquiring Company

Envestnet Inc.

Acquired Company

Garvis

BerwynFinancial ServicesFinanceSaaSFintechMachine LearningSupply Chain ManagementLogisticsSoftwareArtificial IntelligenceMachine LearningSaaS

Description

Logility, Inc., a leader in prescriptive supply chain planning solutions, today announced it has signed a definitive agreement to acquire Garvis, a visionary SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting. The combined organization will enable a new supply chain planning paradigm with DemandAI+ that moves beyond conventional methods to plan demand and inventory at the speed of the market.

Quick answer

Envestnet Inc. is acquiring Garvis, announced September 7, 2023. Envestnet Inc. is based in Berwyn, Pennsylvania, United States.

How much did Envestnet Inc. pay for Garvis?
The deal value was not disclosed.
What does Envestnet Inc. do?
Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence.
Where are Envestnet Inc. and Garvis based?
Envestnet Inc. is based in Berwyn, Pennsylvania, United States.
Who are the decision-makers at Envestnet Inc?
Fundz holds 1 contact at Envestnet Inc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Envestnet Inc.

Location

Berwyn, Pennsylvania, United States

About

Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence. By establishing the connections between people's daily financial decisions and long-term financial goals, Envestnet empowers them to make better sense of their finances and live an Intelligent Financial LifeTM. With more than $5.4 trillion in platform assets—more than 107,000 advisors, 16 of the 20 largest U.S. banks, 47 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs, and thousands of companies, depend on Envestnet technology and services to help drive better outcomes for their businesses and for their clients. Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV). For more information, please visit www.envestnet.com, and follow us on LinkedIn and X (@ENVintel).

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Frequently asked

Who acquired Garvis?

Garvis was acquired by Envestnet Inc., based in Berwyn. The deal was reported on September 7, 2023. Envestnet is transforming the way financial advice is delivered through an ecosystem of technology, solutions, and intelligence. Envestnet Inc. is privately held and operates in Financial Services.

When did Envestnet Inc. acquire Garvis?

Envestnet Inc.'s acquisition of Garvis was reported on September 7, 2023. Logility, Inc., a leader in prescriptive supply chain planning solutions, today announced it has signed a definitive agreement to acquire Garvis, a visionary SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Garvis do?

Founded in 2020 in Antwerp, Belgium, Garvis is a revolutionary SaaS company on a mission to change demand planning by leveraging artificial intelligence to make forecasting easy, accessible, and explainable while keeping it in the planners' control. It is privately held, operating in Software.

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