Cloud solutions provider Cegid acquires London-based firm StorIQ

Pascal Houillon, Chief Executive Officer at Cegid

Cegid, a provider of cloud business management solutions for finance (treasury, tax, ERP), HR (payroll, talent management), CPAs, retail and entrepreneurial sectors announces the acquisition of StorIQ, a London-based company with a staff of about thirty founded in 2015.

The StorIQ in-store activity management platform is a valuable addition to Cegid’s portfolio, thereby bolstering its position as leader in retail POS solutions in France and worldwide.

What does StorIQ bring to Cegid’s portfolio?

StorIQ is suitable for retailers with between 50 and 2,000 stores and boasts around fifty clients including top brands such as Hugo Boss, Clarks, Douglas, Marks & Spencer International, Mountain Warehouse, and Nespresso, some of which have deployed its solutions across the globe. StorIQ supports over 11,000 stores in over 50 countries.

The StorIQ platform streamlines store activity planning. It includes several modules:

  • Task management and store communication: clear communication and prioritised tasks enable store managers to deliver brand standards and the expected in-store CX
  • Compliance: store visit reports, checklists, photo consolidation and associated reporting gives retail management teams real time visibility into store standards
  • Team Engagement: the StorIQ platform mobile learning (LMS), knowledge base and newsfeeds build employee engagement and support retention
  • Activity Planning: the StorIQ platform streamlines planning and communication for trading events and other in-store operational activity

What is Cegid’s market reach?

With 1,000 retailers running Cegid retail solutions in 75 countries, i.e. 75,000 connected stores, Cegid is helping speciality retailers and luxury brands transition to digital to better manage their omnichannel retail business, never miss a sale and tap into customer potential.

The Cegid Retail unified commerce platform makes it possible to deliver an outstanding tailor-made shopping experience. Thanks to StorIQ, the platform will now be able to cover all aspects of POS management. StorIQ is an innovative solution built specifically for retail, and this acquisition cements Cegid’s expertise in all aspects of store operations. By improving employee experience in specialist retail, Cegid is securing its leadership in talent management.

What were the executive’s thoughts on the acquisition?

“More than ever, the future of bricks-and-mortar stores will depend on the ability of retailers to accelerate and adapt so as to offer outstanding customer experiences as well as innovative and convenient services – while simplifying and monitoring in-store team task management,” commented Cegid Chief Executive Officer Pascal Houillon.

“Brands and retailers will be able to offer an exceptional unified shopping experience across their entire store network while tapping into new sales opportunities. Our current and future customers will be able to benefit from the optimised POS activity management offered by StorIQ paving their way to success. That’s what Retail the New Way is all about.”

StorIQ co-founder and Managing Director Amy Bastow and all the company staff will be joining the Cegid Retail Business Unit headed by Nathalie Echinard.