BOSTON, Jun 26, 2012 (BUSINESS WIRE) —
Upstream
Commerce today announced the integration of its Retail
Intelligence Suite with the leading e-commerce platform, Magento(TM), a
division of eBay. For the first time, Magento users will be able to
easily track their competitors’ prices and assortments in real-time to
give them a competitive advantage in today’s crowded online marketplace.
Upstream Commerce’s Retail Intelligence Suite includes the
recently-announced Assortment
Intelligence tool, as well as its flagship automated Pricing
Intelligence tool, which currently tracks millions of products and
has billions of quality intelligence data points. The Upstream Commerce
solution is a sophisticated cloud-based Software-as-a-Service (SaaS)
technology that uses advanced artificial intelligence, semantic
analysis, data-mining, and image-recognition algorithms. Customers
worldwide are using the Upstream Commerce Retail Intelligence Suite in
the United States, Europe and Australia, including leading companies on
the Internet Retailer 500 list.
As a result of the integration with Magento, Upstream Commerce will
automatically extract product, pricing and assortment data directly from
the Magento platform and import it into the Upstream Commerce system,
matching and comparing it with data collected from competitors. Future
capabilities include the ability for retailers to change the prices in
their storefront directly from the Upstream Commerce system, as well as
competitive intelligence data appearing directly in Magento’s admin
panel. This will deliver a full actionable cycle where data is
automatically extracted from Magento, analyzed in Upstream Commerce’s
application, and delivered back to Magento.
“Upstream Commerce is proud to apply its advanced intelligence gathering
technology to the Magento platform users to help retailers compete more
effectively,” said Upstream Commerce CEO, Amos Peleg. “This
integration is yet another step toward making real-time automated
competitive intelligence capabilities broadly available to the online
retail community.”
The Upstream Commerce Retail Intelligence Suite is ideally suited for
Magento businesses with annual revenues of $1 million and above. For a
demo of the solution, please visit:
http://upstreamcommerce.com/demo .
About Upstream Commerce
Upstream Commerce was founded in 2010 by seasoned retail technology
experts, Amos Peleg and Shai Geva, on the premise that automated retail
intelligence capability should simplify and streamline the
highly-complicated data-gathering process so retailers can concentrate
on optimizing their merchandising and marketing.
Upstream Commerce is dedicated to helping retailers around the world
compete more effectively, increase sales, and grow profit margins
through the use of advanced automated real-time intelligence gathering
and analysis.
To find out more about the Upstream Commerce Retail Intelligence Suite,
including the new Magento integration capability, please visit
www.UpstreamCommerce.com .
SOURCE: Upstream Commerce
Rainier Communications (for Upstream Commerce)
Candice Perodeau, 508-475-0025 x112
UpstreamCommerce@rainierco.com
Copyright Business Wire 2012
