NowVertical Group Announces Contract Wins and Expansion of its Vertically Intelligent Global Retail Offering in Latin America and the UK
21 February 2023 - 11:30PM
NowVertical Group Inc. (
TSX-V: NOW)
(
OTCQB: NOWVF) (“
NOW” or the
“
Company”), the vertical intelligence (“VI”)
software and solutions company is pleased to announce new contract
wins with the Carrefour Group (“
Carrefour”),
another of LATAM's largest retail groups based in Chile, as well as
Poundland and the Range in the UK. These wins continue to expand
NOW’s global retail footprint with new and existing clients,
including work with customers like Nike, Clarks, Harrods, Mercato
Libre, Carrefour Group Europe, The Vitamin Shoppe, Harrods, Nestle,
and PVH Group, among others.
Adding to the existing relationship in Europe,
NOW has signed a new contract with Carrefour in Argentina to
implement cloud data architecture and governance standards that
will allow them to move forward with a global strategy of being a
data-driven company. The vertically intelligent transformation
efforts will increase information integration from data models to
help drive regional sales and maximize promotions. Carrefour Group
is a French multinational retail and wholesaling corporation
headquartered in Massy, France. It is the eighth-largest
retailer in the world by revenue, operating a chain of
hypermarkets, groceries stores,
and convenience stores in more than 30 countries.
Additionally, NOW is working with AWS to provide
data engineering and vertical intelligence solutions to a second
sizeable international retailer that is present in five Latin
American countries Chile, Argentina, Brazil, Peru, and Colombia, in
the USA and China, with operations extending through different
business segments that include Supermarkets, Home Improvement,
Department Stores, Shopping Centers, and Financial Services with a
Joint Venture in almost all countries.
NOW is also pleased to announce that it has
expanded its SMART enrollments with UK retailers Poundland and The
Range. SMART Support enables customers to improve user experience
and conversions, maximize ROI from ad spending and reduce
acquisition costs and customer churn rates. Through NOW’s SMART
contracts, customers gain access to NOW’s global delivery platform
to provide transformative outcomes through data engineering and
analytics.
“We are incredibly pleased with the continuing
success of our vertical expansion globally, our expansion of
established customer relationships into new geographies, and the
progress we are making integrating the newest members of the
NowVertical Group. Recent studies* forecast AI alone in the retail
vertical growing through 2030 to approximately $40 billion, with
nearly three-quarters driven by solutions. NOW is purpose-built to
meet this demand providing customer analytics, data management and
governance, and profit maximization,” said Daren Trousdell,
Chairman and CEO of NOW. “Our VI platform provides AI and big data
solutions for our global retail customers to target and retain
customers, streamline back-office operations, optimize the supply
chain, improve business decisions, and drive ROI.”
About NowVertical Group
Inc.
NowVertical Group is the vertical intelligence
(VI) software and solutions company that helps organizations
confidently make bold decisions. NOW's proprietary VI solutions,
organized by industry vertical, are built upon a foundational set
of data technologies that fuse, secure, and mobilize data in a
transformative and compliant way. The NOW product suite enables the
creation of high-value VI capabilities that are predictive and
drive automation specific to each industry vertical. The company
was founded in 2018 and is rapidly growing organically and through
targeted acquisitions. For more information about NOW, visit
www.nowvertical.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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For further information, please contact: Daren
Trousdell, Chief Executive Officere: daren@nowvertical.comt: (212)
302-0868
Glen Nelson, Investor Relationse: glen@nowvertical.comt: (403)
763-9797
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