Alpine IQ expands capabilities with Terpli acquisition

Alpine IQ, a leading provider of marketing and telecom solutions for cannabis retailers, has acquired Terpli to enhance its platform capabilities. The acquisition enables Alpine IQ to integrate Terpli's advanced features such as the virtual budtender and AI recommendation engine, into its ecosystem comprising loyalty, e-commerce, and mobile apps. This move is expected to significantly enhance customer engagement and value by leveraging real-time personalization. The acquisition is seen as a pivotal growth step for Terpli, allowing its technology to scale within a strong framework, benefiting cannabis retailers and consumers alike. Terpli's entire team has joined Alpine IQ, and together they aim to continue innovating and supporting partners without immediate changes to customer service. This acquisition consolidates the companies' long-standing partnership based on shared values and focuses on improving digital shopping experiences for cannabis consumers. Alpine IQ is noted for its rapid growth, being the second fastest-growing software company on the INC 5000 2024 list. The company is recognized for data-driven marketing and telecom solutions specific to the cannabis sector. On the other hand, Terpli specializes in AI-powered personalization technology, providing tailor-made product recommendations and intelligent shopping experiences for cannabis consumers.