SEATTLE – April 27, 2015 – Indix, the cloud-based Product Intelligence company that provides analytics and insights for brands, retailers and commerce enablers, today announced the ink has dried on a deal with Trōv, the mobile app changing the way people value their belongings. Using Indix product analytics and insights, Trov gains access to a database of nearly 1 billion products, including real-time pricing and product descriptions to better serve its users.
“This is an example of data science not only working for a business but also for the consumer,” explained Sheen Khoury, Chief Customer Officer of Indix. “Indix’s technology lets Trov users instantly understand how much a product is worth at an exact point in time. This affects consumer behavior in every respect, from when to buy to when to sell. It’s very much a reshaping of commerce as we know it.”
Trov lets its users organize, protect and value their belongings, from cars to bicycles to jewelry. People using Trov can be alerted when marketplace values change, signaling it’s either time to sell that car for top dollar or pick up a new one at a great price. The app also allows users to instantly log receipts digitally and see how they spend their money – all in real time.
“This is the start of something great,” said Trov CEO Scott Walchek. “Indix’s technology and platform are powerful tools that we now have at our fingertips. It has opened the door to insightful information on hundreds of millions of products for us. The end result is an outstanding experience for Trov users and one we know people will love.”
For more information, contact Zach Pardes at indix@RLMpr.com, or (212) 471-5006.
Indix is building the world’s largest product database and a Product Intelligence platform that helps businesses boost productivity, drive innovation, and accelerate growth. Using the Indix App and APIs, businesses can improve product search and discovery, optimize promotions and offers, enrich product catalog attributes, and analyze the market and competitors. Indix also provides machine learning services using proprietary data science algorithms. Indix currently tracks more than 700 million products across more than 7,000 categories. The company now has offices in Seattle, San Francisco and Chennai. For more information, please visit https://www.indix.com.
Trov helps people do more with the things they own by connecting them to information and insights about their things. With Trov, people can easily reference receipts and other important information, track the market value of their things and connect to opportunities to insure. Powered by unique technology and integrations with world leading databases, Trov makes collecting information about purchases easy and automatic. All the information in a Trov is owned by the user, kept securely in the cloud and is privately accessible on a mobile device.
Trov is privately funded and headquartered in the San Francisco Bay Area. For more information, visit trov.com and follow Trov on Twitter @mytrov.