GlobeNewswire Inc | Aug 3, 2021 09:38AM EDT

August 03, 2021

IRVINE, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- In a move that will accelerate trade promotion innovation, Advantage Solutions, the leading provider of sales and marketing solutions for consumer goods companies and retailers, is investing in and partnering with Eversight, the pioneer in unlocking revenue growth for brands through automated, AI-powered experimentation with shoppers.

The investment and partnership combine Advantages industry-leading store-level execution with Eversights Offer Innovation Suite to deliver winning promotions that get executed at scale in the field improving returns through results-oriented trade spending strategies and tactics. Through the partnership with Advantage Solutions, Eversights capabilities are now available for use with more than 3,000 consumer packaged goods companies representing over $90 billion in North American consumer sales.

As a strategic intermediary between brands and retailers, were able to help identify and solve their mutual pain points, said Advantage Solutions CEO Tanya Domier. Weve heard from brands who are frustrated by the sales impact and return on their trade promotion investments and have been determined to bring them a remedy. We share the Eversight teams focus on innovation and know the coupling of our end-to-end implementation of promotions with Eversights Offer Innovation Suite will unlock powerful offers that increase household penetration, optimize discount levels, drive volume and boost market share.

Eversight Co-Founder David Moran added, Few in the industry are satisfied with traditional approaches to trade promotion. Were excited to partner with Advantage to test real offers with real shoppers and implement successful promotions on an omnichannel basis without the yield loss seen today when better offer ideas dont get fully implemented. Advantage will be instrumental in taking winning ideas from headquarters to shelf, both in-store and online.

Advantage and Eversight are beginning to roll out their transformational approach with selected retailers and brands, focusing on categories most in need of fresh promotional thinking, with the goal to scale the solution industrywide by the end of 2022.

Trade promotion optimization has long been a holy grail opportunity in consumer packaged goods, noted Dan Riff, chief investor relations and strategy officer for Advantage Solutions. The vast pool of trade spending is deployed by habit and custom rather than science. Coming out of COVID-19, with a significant need for higher pricing and more surgical promotions, our clients are ready for a new solution. Building on Advantages long history of high-ROI innovations, this partnership can provide that.

About Advantage Solutions

Advantage Solutions is a leading business solutions provider committed to driving growth for consumer goods manufacturers and retailers through winning insights and execution. Advantages data and technology-enabled omnichannel solutions including sales, retail merchandising, business intelligence, digital commerce and a full suite of marketing services help brands and retailers across a broad range of channels drive consumer demand, increase sales and achieve operating efficiencies. Headquartered in Irvine, California, Advantage has offices throughout North America and strategic investments in select markets throughout Africa, Asia, Australia and Europe through which it services the global needs of multinational, regional and local manufacturers. For more information, please visit advantagesolutions.net.

About Eversight

Eversight is the recognized leader in AI-powered pricing and promotions. Global brands and retailers rely on the Eversight platform to optimize pricing in response to market conditions and to deliver higher ROI on promotional spend. Eversights Pricing Suite and Offer Innovation Suite solutions are driving strong margin and sales volume improvements for leading companies such as Coca-Cola, Frito-Lay, Raleys and Schnucks. Founded in 2013, Eversight is headquartered in Palo Alto, California. For more information, please visit eversightlabs.com.

ContactsKerry Farrell, SVP Sales and Customer Dan Riff, Chief IR and StrategySuccess OfficerTel: 416-452-8742 Tel: 978-810-0979Email: kfarrell@eversightlabs.com Email: daniel.riff@advantagesolutions.net