Vantage Retail Cloud

Vantage's AI roadmap is public and acquisition sourcing is the gap in it. Their own VP of AI Products benchmarked our seller-qualification model as ahead of theirs. Buying us closes the roadmap gap and gives Marsh a launch at their January conference.

Their board may prefer to build on top of their DMS data; the SOC 2 Type II report is not yet issued; and a stock-heavy structure only works if we accept their valuation of their own equity.

The January user conference is a hard date, and Arcadia's IOI is a competitive fact they already know about.

SOC 2 Type II issued; the AI seller qualification upgrade already acknowledged by Chen; enterprise logos to prove scale deployment.