Captana finalizes an agreement for the acquisition of Belive.ai
The SES-imagotag subsidiary, specialized in artificial intelligence, has entered into an agreement to acquire a majority stake in the company Belive.ai
Captana GmbH, a wholly-owned subsidiary of SES-imagotag (Euronext: SESL, FR0010282822), today announced that it has finalized an agreement for the acquisition of a majority equity stake in the company Belive.ai, a French start-up specializing in artificial intelligence and computer vision for physical retail.
Founded in 2019 by Aurélien Escartin and David Borakovic, who lead the company, Belive.ai has developed an artificial intelligence and computer vision platform, enabling retailers to manage their store fleets in real time and in particular: on-shelf availability, checkout lines, compliance with planograms, etc. The solutions provided by Belive.ai simplify daily tasks for in-store associates thanks to a technology that is competitive and adaptable to all types of stores and shelves; data are available in real time to stores, warehouses, and to retail company corporate headquarters.
Together, Captana and Belive.ai become the global leader of this high-growth market, present in Europe, North America and Asia, with several dozen clients in pilot-phase or in deployment.
The finalization of this transaction is subject to its meeting the customary required conditions and procedures.
Aurélien Escartin, CEO and co-founder of Belive.ai commented: “David and I have great ambitions for the store of tomorrow. When the opportunity arose to join Captana's team, we seized it with pleasure for our employees and with enthusiasm for our clients. As we discussed the possibility of joining forces with Michael and Thomas (co-founders of Captana), we increasingly realized the obvious: with a common vision, the synergies to be seized will amplify the current – or future -- digital transformation, and will increase the operational performance of our staff with an unmatched level of execution for our clients. As Belive.ai joins Captana, it is the retail sector that is taken to the next level.”
Michael Unmüssig, CEO of Captana GmbH concluded: “We are delighted to welcome Belive.ai's staff members and the company's founders, Aurélien and David, to Captana. Artificial intelligence and store shelf computer vision in real-time constitute a very promising technological base for improving the operating efficiency of retail and reduce in-store waste. As we develop across many markets, initial feedback from our customers indicates that significant improvements are being made in terms of on-shelf availability, sales, client satisfaction, employee efficiency, and the quality of data on in-store inventory in the information systems. With Belive.ai, we wish to accelerate the development of our artificial intelligence platform and computer vision for retail in order to drive our growth and offer the best technology to our clients.”
About SES-imagotag and the VUSION Retail IoT platform
SES-imagotag is a world leader in smart digital labels and IoT solutions for physical retail, serving over 350 large retailer groups around the world in Europe, Asia and North America.
SES-imagotag has developed the VUSION Retail IOT technology platform to help retailers transform their physical stores into high value digital assets, more automated, data-driven, and connected in real-time to suppliers and consumers. VUSION improves the agility, precision and accuracy of prices, whilst ensuring the omnichannel synchronization of prices, product information and marketing campaigns. The platform developed by SES-imagotag also optimizes in-store order preparation and restocking.
VUSION improves employee satisfaction by freeing up time from cumbersome low value-added tasks and allowing them to focus on customer service and merchandizing tasks. VUSION connects shelves to the Cloud, providing real-time accurate information on product availability and location, allowing for reduced inventory, out-of-stock, and waste, as well as improved on-shelf availability and merchandizing compliance. VUSION empowers consumers with better product, nutritional and traceability information at the shelf and enables a frictionless in-store shopping experience with features such as product search, pathfinding and cashier-less scan & pay features.
SES-imagotag supports the United Nations' Global Compact initiative and has received in 2022 the Platinum Sustainability Rating from EcoVadis, the world's reference of business sustainability ratings.
SES-imagotag is listed in compartment A of the Euronext™ Paris exchange
Ticker symbol: SESL – ISIN code: FR0010282822 – Reuters: SESL.PA – Bloomberg: SES
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