Bungee Tech Merges with ClearDemand

A note from Rajat Nigam, CEO and co-founder of Bungee Tech

Today marks a transformative moment for our company.

I am thrilled to share that Bungee Tech and ClearDemand have joined forces and will operate under the ClearDemand name going forward. Together, we are bringing to life a vision for end-to-end retail pricing management, powered by innovative technology and a shared passion for helping our retail customers succeed.

We’re excited to embark on this next chapter! By uniting our expertise, strengths, and customer portfolios, we’re uniquely positioned to offer retailers competitive data, pricing analytics, optimization, and science.

Retailers are eager for solutions that make sense out of vast amounts of data, enabling teams to identify risks, seize opportunities, and drive profitable growth. Our new company is ready to solve the hardest retail challenges and continue to build upon our comprehensive platform.

We can’t wait to show you what’s next!

Retailers Gain Sharper Pricing Edge with ClearDemand, Bungee Tech Merger

January 9, 2025 — ClearDemand 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 ClearDemand’s price and promotion optimization solutions with Bungee Tech’s advanced competitive intelligence program.

The combined company will operate under the ClearDemand name.

Alex Moorhead, Executive Chairman of ClearDemand, is the company’s CEO. Bungee Tech co-founder Rajat Nigam serves as Chief Product Officer. ClearDemand co-founder James A. Sills continues as President.

In today’s hyper-competitive retail landscape, companies gain a 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 product matching with ClearDemand’s price optimization capabilities, we’re giving retailers what they’ve been asking for – a single, powerful platform that turns market data into profitable pricing decisions.”

The ClearDemand – Bungee Tech merger addresses a critical market need: helping retailers transform vast amounts of data into strategic pricing decisions that drive profitable growth and customer loyalty.

Bungee Tech’s core solution processes billions of data points using machine learning to provide accurate competitive pricing analysis and workflow automation. Combined with ClearDemand’s capabilities, retailers gain access to high-quality competitive data, pricing recommendations, promotion plans, and data-driven merchandising decisions.

“This merger represents a breakthrough for pricing technology,” said Rajat Nigam, Chief Product Officer. “We’re combining Bungee Tech’s deep expertise in competitive intelligence with ClearDemand’s advanced optimization capabilities. The result is a comprehensive solution that helps retailers compete more effectively in today’s dynamic market.”