Baan and JDA Software Group have reached an agreement to form a joint venture operation aimed at providing ERP (enterprise resource planning) software to the retail sector.
The 50-50 joint venture, to be known as Baan-JDA Retail, means that the two companies whose product offerings overlap somewhat in the retail ERP market space, will effectively join forces. The agreement, expected to be finalised in the next few weeks, was announced by the duo in a statement issued early this week.
JDA, based in Phoenix, has over 600 retail clients worldwide and specialises in retail systems, particularly in the area of supply chain management. Baan, meanwhile, headquartered in the Netherlands and Virginia, has more than 7000 customers drawn from a variety of industry sectors using its ERP software suite.
Baan's move to ally itself with a specialist in the retail arena is symptomatic of a growing trend among large ERP vendors to enter into partnerships or to acquire companies which play in a specific ERP industry niche.
Baan-JDA Retail will offer software systems incorporating beginning-to-end retail management applications, such as POS (point-of-sale), in-store back office management, merchandising, distribution, warehousing, electronic commerce, manufacturing, human resources and financials. All elements of the product offering will be designed to be open, scalable and both year 2000- and Euro-compliant, the companies said in a statement.