VeriSign Buys Retail Solutions
VeriSign said Wednesday it will pay $24 million to acquire Retail Solutions, a company that provides point-of-sale data about products, giving the infrastructure services company a foothold in the supply chain management business.
The deal marks VeriSign’s third acquisition in a month.
Lincoln, Rhode Island-based Retail Solutions specializes in operational point-of-sale data which gives detailed information about products sold through retailers. That information, when combined with data forecasting demand and identification technologies like RFID [Radio Frequency Identification], is designed to help retailers better manage their inventory. It is also expected to help increase sales and reduce costs.
Retail Solutions has about 50 employees and has more than 130 customers including Unilever and GlaxoSmithKline.
posted by Fergie @ 10/26/2005 12:36:00 PM
0 Comments:
Post a Comment
<< Home