Cordance Acquires AI-Powered CRM Company Designed for Manufacturers
Spiro.ai, the AI-powered CRM platform partners with Cordance for its next phase of growth
Raleigh, NC, May 30, 2024 – Cordance, a company that acquires and accelerates the growth of B2B SaaS companies and is a prominent player in the industrial distribution and manufacturing space, announces the successful acquisition of Spiro.ai. This acquisition underscores the advanced technological capabilities that Cordance is bringing into its growing portfolio of industrial businesses.
Tailored to the unique needs of manufacturers, Spiro is an AI-powered CRM that seamlessly provides unparalleled insights into business vitality, meticulously tracking orders against projections to identify gaps in customer pipelines. Its advanced CRM platform leverages artificial intelligence to highlight customers that require attention or present growth opportunities, and proactively recommends specific actions to be taken. Moreover, customers benefit from automated data collection, saving valuable time and resources. The platform provides real-time analytics and predictive modeling, enabling manufacturers to make data-driven decisions that optimize processes, improve efficiency, and drive profitability.
“Our strategic acquisition of Spiro signifies our dedication to delivering instant value through AI-driven customer insights, finely calibrated for the complex demands of manufacturing businesses,” explained Sharon Love, CEO of Cordance. “These insights empower manufacturers to drive informed decisions, enhance customer experiences, and propel business growth.”
Adam Honig, CEO at Spiro, echoed the excitement, stating, “We eagerly anticipate collaborating with Cordance, combining their manufacturing and distribution expertise with Spiro’s innovative AI capabilities. This synergy marks a strategic alignment that will unlock significant growth and value creation within the manufacturing distribution ecosystem. In fact, the companies that modernize their sales processes with Spiro are significantly reducing their admin work and are growing customer contract values by 30%.“
With an unwavering commitment to the industrial distribution segment, Cordance is steadfast in delivering a comprehensive suite of solutions that fuel operational efficiency, catalyze digital transformation, and drive unparalleled success for manufacturers and distributors.
About Spiro:
Spiro.AI is on a mission to transform CRM by offering a revolutionary AI-powered platform specifically designed for manufacturers and distributors. The Spiro platform automates tedious data entry, provides actionable insights, and recommends proactive steps to help your business thrive. Spiro’s customers have said goodbye to clunky, ineffective CRM tools and hello to a smarter, more efficient way to manage their customer relationships. For more information, visit www.spiro.ai.
About Cordance:
Cordance is a software company that acquires and accelerates the growth of vertically-focused, B2B SaaS companies by investing in their products, processes, and people—for the long-term. Cordance seeks businesses with strong teams, high impact software, and a readiness to serve an expanded customer base. Cordance’s community of experienced operators and subject-matter experts provide go-to-market leadership, operational excellence, and financial rigor to help acquired companies realize their full potential. Visit Cordance.co to learn more.