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UPS teams up with Optoro

Added: 26 December 2016, 12:25

The companies’ joint reverse logistics solutions combine UPS’s operational and logistics expertise with Optoro’s software platform that maximizes recovery value and reduces environmental waste.

Founded in 2010, Optoro  has produced a software platform that helps retailers and manufacturers manage, process and sell returned and excess inventory.

“We’re here to help retailers and manufacturers simplify returns management and unlock the full value from their reverse logistics programs,” said Alan Gershenhorn, UPS Chief Commercial Officer. “Optoro is an excellent complement to UPS’s existing portfolio of retail services that optimize the flow of goods, information and funds.”

UPS recently invested in Optoro through the UPS Strategic Enterprise Fund. Terms of the transaction were not disclosed.

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