Centric Software Acquires Armonica Retail

CAMPBELL,Calif.,Nov. 30,2021 -- Centric Software,the Product Lifecycle Management (PLM) market leader,is pleased to announce its acquisition of the innovative end-to-end retail planning solution provider,Armonica Retail.

Centric Software Acquires Armonica Retail

Centric Softwareprovides the most innovative enterprise solutions to plan,design,develop,source and sell products such as apparel,footwear,sporting goods,furniture,home décor,cosmetics,food & beverage and luxury to achieve strategic and operational digital transformation goals.

Armonica was founded in 2018 in Milan,Italy by two of the world's leading retail planning solution experts,Simone Pozzi and Riccardo Proni. For over twenty years,Pozzi and Proni have worked with many global fashion retail leaders all over the world.

Armonica Planning is an innovative cloud-native solution embedded with omnichannel retail planning best-practices. It is easy-to-use and configure while also being flexible and fast to implement. An end-to-end solution,Armonica Planning covers merchandise financial planning,range planning,assortment planning and buying,store allocation and replenishment,forecasting and vendor replenishment as well as wholesale planning and forecasting.

Armonica Planning complements the family of Centric products including

Centric PLMand the Centric Visual Innovation Platform (VIP),Centric's suite of digital boards.

Enabling companies to orchestrate an integrated process from planning to development to delivery to omni-channel sales,Armonica and Centric will deliver digital transformation that provides users enormous potential value via the ability to plan,visualize and execute business based on real-time plan vs actual feedback throughout the entire product lifecycle.

Visual and analytical decision-making,both pre- and in-season,brings unprecedented agility needed to maximize omni-channel business performance,product sell-through and speed to market.

"The combination of Armonica and Centric together will allow unprecedented product,store and channel orchestration for even the most complex product lifecycles," explains Riccardo Proni,CTO of Armonica. "A high degree of configurability and flexibility are needed to satisfy today's omni-channel consumer. Armonica and Centric were both created to surpass the limitations of past systems."

"We enter a new phase as part of Centric Software,the PLM market leader,and now we can help our customers implement an unprecedented level of speed,from design to consumer," says Simone Pozzi,CEO of Armonica. "We are delighted that Centric recognizes Armonica's unique value proposition and we look forward to working together to drive the industry toward greater customer-focus,efficiency and profitability."

"We are thrilled to welcome Armonica into the Centric family," says Chris Groves,President and CEO of Centric Software. "Armonica's cutting-edge retail planning solution,coupled with Centric PLM and backed by deep retail expertise,will be an invaluable asset to fashion,luxury,outdoor and other consumer goods companies,offering them unparalleled visibility and decision-making abilities across multiple levels of planning and execution."

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Centric Software (www.centricsoftware.com)

From its headquarters in Silicon Valley,Centric Software® provides a Product Concept to Consumer Digital Transformation Platform for fashion,retail,outdoor and consumer goods including cosmetics and personal care and food and beverage. Centric's flagship Product Lifecycle Management (PLM) platform,Centric PLMTM,delivers enterprise-class merchandise planning,product development,sourcing,quality and product portfolio optimization innovations specifically for fast-moving consumer industries. Centric SMB focuses on core tools and industry best practices for emerging brands. Centric Visual Innovation Platform (CVIP) offershighly visual digital board experiencesfor collaboration and decision-making. Centric Software pioneered mobility,introducing the first mobile apps for PLM,and is widely known for connectivity to dozens of other enterprise systems including ERP,DAM,PIM,e-com,planning and more as well as creative tools such as Adobe® Illustrator and a host of 3D CAD connectors. Centric's innovations are 100% market-driven with the highest user adoption rate and fastest time to value in the industry. All Centric innovations shorten time to market,boost product innovation and reduce costs.

Centric Software is majority-owned by Dassault Systèmes (Euronext Paris: #13065,DSY.PA),the world leader in 3D design software,3D digital mock-up and PLM solutions.

Centric Software has received multiple industry awards and recognition,including being named by Red Herring to its Top 100 Global list in 2013,2015 and 2016. Centric also received various excellence awards from Frost & Sullivan in 2012,2016,2018 and 2021.

Centric Software is a registered trademark of Centric Software Inc. All other brands and product names may be trademarks of their respective owners.

About Armonica Retail(www.armonicaretail.com)

Armonica Retail provides fashion and specialty retailers powerful and easy-to-use cloud native planning solutions that embed more than 20 years of experience from the retail industry. With Armonica Planning,retailers can leverage the latest technology and planning best-practices to achieve stronger business performance and enable their digital transformation strategies. www.armonicaretail.com