Aptos Signs Definitive Agreement to Acquire LS Retail
Aptos, LS Retail | January 13, 2021
Aptos, a perceived market pioneer in retail technology solutions, today declared that it has gone into a definitive agreement to secure LS Retail, a world-driving designer and supplier of across the board software solutions for retail, hospitality, food service, pharmacy and forecourt businesses.
The blend of Aptos and LS Retail will make a retail technology stalwart that is exceptionally prepared to help retailers across all levels, verticals and topographies with cutting edge and creative bound together commerce solutions. Forthcoming the arrangement's zenith, which is normal in February 2021, LS Retail will work as a stand-alone specialty unit inside Aptos.
LS Retail's solutions are sold, actualized and upheld through a vital worldwide organization of channel accomplices adjusting more than 80,000 customer locales in more than 140 nations. Its customer base spans fashion boutiques, electronics stores, furniture giants, duty-free chains, restaurants, hotels, pharmacies, coffee shops, gas stations, convenience stores and more.
The association of the two organizations makes an unrivaled customer local area whose aggregate expansiveness and profundity of retail experience will be utilized to share best practices for tending to retail transformation difficulties and interesting industry complexities.
LS Retail's top tier software solutions – including POS, ERP and inventory planning software – are grown explicitly for retail, hospitality and food service businesses, enabling them with knowledge, noteworthy experiences and concentrated usefulness to address the issues of their industry. Based on Microsoft technology, LS Retail solutions are accessible as software as a service (SaaS) in the public Microsoft cloud.
"LS Retail is an exceptionally run organization with world-class products, a growing and diverse customer base, and a strong network of nearly 400 local partners," said Aptos CEO Pete Sinisgalli. "The addition of a company of LS Retail's caliber to the Aptos family allows us to better fulfill our mission of delivering tangible benefits to our customers and the retail industry we serve, as it broadens our knowledge base and resources, extends our vertical capabilities, and expands our geographic coverage.
"Upon the acquisition's close, we look forward to providing Aptos' full support, scale and capital resources to the LS Retail leadership team, allowing them to take the business to new heights," Sinisgalli said.
About Aptos
In an era of virtually limitless choice, sustained competitive advantage only comes to retailers who truly understand their customers, what they want and why they buy. We are committed to a deep understanding of each of our clients and to fulfilling their needs with the retail industry's most comprehensive omnichannel solutions. More than 1,000 retail brands rely on our solutions to deliver every shopper a personalized, empowered and seamless experience – no matter when, where or how they shop.
About LS Retail
LS Retail is a world-leading provider of unified commerce solutions for retail, hospitality, food service and forecourt businesses of all sizes. Our unified commerce management systems power thousands of fashion boutiques, electronics stores, furniture giants, duty-free chains, restaurants, hotels, coffee shops, gas stations, convenience stores and more.