SCOTTSDALE, ARIZONA – Jan. 9, 2025 – Clear Demand and Bungee Tech announced their merger to create the retail industry’s most comprehensive AI-powered pricing optimization and competitive intelligence platform. The merger combines Clear Demand’s price and promotion optimization solutions with Bungee Tech’s advanced competitive pricing intelligence.
The combined company will operate under the Clear Demand name, with Alex Moorhead, Executive Chairman of Clear Demand, serving as CEO. Bungee Tech Co-Founder Rajat Nigam will serve as Chief Product Officer, while Clear Demand Co-Founder James A. Sills continues as President.
In today’s hyper-competitive retail landscape, companies gain competitive advantage by converting data into actionable insights, especially for critical operating decisions.
“Gathering and shaping data into impactful outcomes is vital for retailers,” said Alex Moorhead, CEO. “By uniting Bungee Tech’s competitive intelligence and data matching engine with Clear Demand’s price optimization capabilities, we’re giving retailers a strategic pricing platform that turns market data into profitable decisions.”