StoreNext

Retail Data Analytics

Business Software
Acquired by Fortissimo on Jun, 2022

Company Overview

Snapshot

Founded in November 2001, StoreNext operates with 51–200 employees. The company was acquired by Fortissimo in June 2022.

Business overview

StoreNext develops electronic platforms that facilitate interactions between suppliers and clients, emphasizing transparency and effective communication. The company processes and analyzes data from various channels to provide clients with tools for navigating competitive business landscapes. Its solutions enable executives to make precise and timely decisions, ensuring efficient performance by focusing on accessible information and cohesive communication. StoreNext operates within the Business Software, Fintech, and eCommerce sectors, specializing in data analysis and decision support for retail and financial services.

Strategic signal

In February 2022, StoreNext was reportedly on its way to being listed on the Tel Aviv Stock Exchange at a valuation of NIS 300 million. This indicates strong market confidence and a potential growth trajectory that was later altered by its acquisition. The news highlights the company's perceived value and readiness for public markets prior to its acquisition by Fortissimo.

Company Intelligence Q&A

What is StoreNext's primary business?
StoreNext develops electronic platforms for retail data analytics, facilitating interactions between suppliers and clients and providing tools for data processing and analysis to support business decision-making.
When was StoreNext acquired?
StoreNext was acquired by Fortissimo in June 2022.
What was the reported valuation of StoreNext prior to its acquisition?
In February 2022, StoreNext was reported to be heading for a listing on the Tel Aviv Stock Exchange at a valuation of NIS 300 million.
Was there any regulatory challenge to the acquisition?
Yes, in February 2023, the Competition Authority blocked the sale of StoreNext to Fortissimo.
What was a notable early investment in StoreNext?
In October 2003, Isracard invested $2.5 million in Retalix's StoreNext initiative.

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