Upstream Commerce Ensures Magento eCommerce Retailers have Access to Real-Time Competitive Intelligence
Gathering millions of data points, solution provides comprehensive pricing and assortment analysis for medium to large online retailers
BOSTON, MA, June 26, 2012 – Upstream Commerce today announced the integration of its Retail Intelligence Suite with the leading e-commerce platform, Magento™, a division of eBay. For the first time, Magento users will be able to easily track their competitors’ prices and assortments in real-time to give them a competitive advantage in today’s crowded online marketplace.
Upstream Commerce’s Retail Intelligence Suite includes the recently-announced Assortment Intelligence tool, as well as its flagship automated Pricing Intelligence tool, which currently tracks millions of products and has billions of quality intelligence data points. The Upstream Commerce solution is a sophisticated cloud-based Software-as-a-Service (SaaS) technology that uses advanced artificial intelligence, semantic analysis, data-mining, and image-recognition algorithms. Customers worldwide are using the Upstream Commerce Retail Intelligence Suite in the United States, Europe and Australia, including leading companies on the Internet Retailer 500 list.
As a result of the integration with Magento, Upstream Commerce will automatically extract product, pricing and assortment data directly from the Magento platform and import it into the Upstream Commerce system, matching and comparing it with data collected from competitors. Future capabilities include the ability for retailers to change the prices in their storefront directly from the Upstream Commerce system, as well as competitive intelligence data appearing directly in Magento’s admin panel. This will deliver a full actionable cycle where data is automatically extracted from Magento, analyzed in Upstream Commerce's application, and delivered back to Magento.
“Upstream Commerce is proud to apply its advanced intelligence gathering technology to the Magento platform users to help retailers compete more effectively," said Upstream Commerce CEO, Amos Peleg. “This integration is yet another step toward making real-time automated competitive intelligence capabilities broadly available to the online retail community.”
The Upstream Commerce Retail Intelligence Suite is ideally suited for Magento businesses with annual revenues of $1 million and above. For a demo of the solution, please visit: http://upstreamcommerce.com/