PRESS RELEASE Partnership to combine breakthrough in-store analytics with leading attitudinal research for the landmark Supermarket industry study Chicago, IL - July 12, 2011 Global market research company Synovate and VideoMining, a leading provider of in-store intelligence for shopper marketing, announced during the annual IIR Shopper Insights in Action conference that the firms have formed a strategic partnership initially focused on the syndicated Center Store MegaStudy. The Center Store MegaStudy will deploy VideoMining’s breakthrough in-store measurement and analytics technology in a carefully selected sample of stores in 15 US markets to analyze over ten million grocery trips over a period of few months. The large behavioral data set, integrated with transaction data and attitudinal surveys from Synovate, will provide unprecedented visibility into the path-to-purchase of grocery shoppers and the factors that impact purchase decisions. “We are delighted to be working with VideoMining on the leading research study for the supermarket industry,” said Mark Berry, Executive Vice President of Synovate. “This is a unique opportunity to combine Synovate’s leading market research insights on shopper decision making and behavior with VideoMining’s shopper knowledge and powerful technology platform.” “This partnership allows us to combine the HOW of shopping behavior with the WHY to develop unprecedented insights on purchase barriers and ways to effectively overcome those barriers,” said Tom Sullivan, President of VideoMining. “These insights will help both retailers and manufacturers optimize each grocery shopping trip.” The grocery program will benefit from VideoMining’s experience with a successful ongoing syndicated program in the Convenience channel as well as chain-specific shopper insights programs with several major retailers. About VideoMining CorporationVideoMining Corporation is the leading provider of in-store intelligence for shopper marketing. The company’s actionable insights help retailers and consumer product manufacturers optimize their marketing and merchandising strategies. These insights are based on the company’s breakthrough in-store measurement technology that automatically converts video into precise, statistical data on the shopping process. For more information visit: www.VideoMining.com About Synovate Synovate, the market research arm of Aegis Group plc, generates insights to help clients drive competitive brand, product and customer experience strategies. A truly borderless company with offices in over 60 countries, our approach combines best in class global research capabilities with personalised service, local knowledge and the flexibility to create teams and processes that meet clients' specific requirements. At Synovate, our clients sit at the top of our organizational chart, driving us to continually develop more innovative research solutions that predict actual business outcomes. For more information visit www.synovate.com. |
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