SAP to acquire retail software vendor Triversity
- 20 September, 2005 07:49
Business application vendor SAP has agreed to acquire privately held Triversity, a Canadian company specialized in software for the retail industry.
The acquisition of Triversity will help SAP expand its product offering in the retail sector, especially in the area of point-of-sale systems, the software maker said Monday.
It expects to close the acquisition in October. It did not disclose financial details.
With 250 customers in 32 countries, Toronto-based Triversity offers software to support a range of retail activities, including store inventory management, customer loyalty programs and multichannel customer service, according to SAP.
This time, rival Oracle didn't beat SAP to the punch. In March, the U.S. company won a bidding war against its German rival to acquire retail management software developer Retek.
SAP views the retail industry as a significant growth opportunity as retailers move away from in-house software systems to standard software systems, the company said. It has more than 2,700 customers worldwide.