In partnering with SIB, GETIDA joins one of North America’s largest cost reduction platforms, furthering its mission of providing Amazon FBA sellers with world-class reconciliation solutions. The investment will allow GETIDA to further expand and scale its offerings and services.
GETIDA, a global leader in Amazon auditing and reconciliation solutions, is pleased to announce its investment from SIB Fixed Cost Reduction (“SIB”), a portfolio company of O2 Investment Partners (“O2”). GETIDA is SIB’s sixth strategic investment since March 2020.
Latest Aithority Insights : NVIDIA Raises the Standard of Low Code DevOps with the NVIDIA AI Enterprise 2.1
“We carefully searched for the right investment partners to help GETIDA grow and diversify”
Kevin Flounders, CEO of SIB, commented, “GETIDA is one of the most exciting solutions that we have encountered in the e-commerce space. The SIB family is glad to be investing in GETIDA’s future growth, and assisting in its global expansion plans. We also greatly look forward to working together with its incredible team.“
GETIDA leverages data and analytics to achieve maximum recovery solutions for Amazon sellers. With advanced and proprietary technology for discovering discrepancies, along with robust dedicated case management teams, GETIDA marries the worlds of software and service solutions to ensure that Amazon sellers are optimized for maximum profitability and continued success.
AI and ML News: Why SMBs Shouldn’t Be Afraid of Artificial Intelligence (AI)
“We carefully searched for the right investment partners to help GETIDA grow and diversify,” said Eytan Wiener, CEO of GETIDA. “I am thrilled that we have found SIB and O2 as strategic and financial partners. GETIDA now has significant capital and resources to further build out our technology and enter new global markets, while also being able to offer our platform users additional savings in areas beyond Amazon.”
Pat Corden from O2 Investment partners added, “The technology, innovative solutions, and unique culture of GETIDA perfectly align with the cost reduction investment thesis for the SIB platform. Our strategy is focused on helping business organizations reduce costs, and optimize profits, which is highly relevant in this uncertain economic environment. We are excited to partner with the GETIDA team and look forward to continued growth.”
Future of AI-driven Customer Relationship: Microsoft’s Viva Sales and the Future of AI-driven Customer Relationship and Experience Management
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.