We strongly believe that this acquisition is what the market demands
Sunnyvale, CA (PRWEB) January 8, 2008
T3Ci announced today that it has completed the acquisition of VeriSign, Inc.'s Retail Data Services (RDS) business unit and will take the combined solutions to market under the name Retail Solutions, Inc.
"The acquisition of VeriSign Retail Data Services is a very positive step for T3Ci, now Retail Solutions," said Dr. Jonathan Golovin, Chairman and Chief Executive Officer, Retail Solutions, Inc. "The philosophies of T3Ci and VeriSign's RDS are very similar. We enable retailers and manufacturers to seamlessly exchange operational data and help them extract the maximum value from this data in a Software-as-a-Service (SaaS) model. By bringing together our solutions, people, IP and customer bases, we will deliver significantly more value to our customers - both retailers and manufacturers."
The resulting Retail Solutions is the leading solution provider in the fast-growing demand signal repository space. By applying science to retailer data, Retail Solutions will offer a complete suite of applications for demand-driven consumer product goods (CPG) companies and retailers.
- The Retail Visibility solution suite helps retailers and manufacturers store, share and analyze demand data, such as point-of-sale (POS), supply chain data, merchandiser feedback, customer loyalty data and/or RFID reads.
- The Availability solution suite uses proprietary algorithms to prevent and correct out-of-stocks and minimize lost sales.
- The Trade Promotion solution suite helps CPG companies design and execute more effective promotions, down to the store level.
- The Category Development solution suite helps retailers and suppliers to collaboratively manage product categories through a focus on understanding consumer-driven demand data.
Retail Solutions has over 100 customers, including four of the top five global CPG companies. It also has more experience in working with retailer data than any other company - it has worked with data from more than 20 leading retailers in the Americas and Europe. Retail Solutions operates out of Sunnyvale, CA and has offices in Lincoln, RI and Bentonville, AR.
"We strongly believe that this acquisition is what the market demands," added Peter Rieman, Executive Vice President, Retail Solutions, Inc. "Many CPG companies are thinking of Demand Signal Repositories and of Demand Data Analytics capabilities as critical elements of their business, and there is always some reluctance in trusting small, emerging companies with such mission-critical, differentiating systems. By bringing together the capabilities of T3Ci and VeriSign's RDS into Retail Solutions, we are effectively creating the market leader in a space that will keep on consolidating."
About Retail Solutions, Inc.
Retail Solutions applies science to retailer data. Formerly known as T3Ci, Retail Solutions develops and delivers a comprehensive suite of Software-as-a-Service (SaaS) solutions that turn retailer data, such as point-of-sale (POS), supply chain, merchandiser feedback and EPC data into actionable visibility into the store and onto the shelf.
Leading companies such as Bayer, Colgate-Palmolive, Gillette, HP, Kao Brands, Kraft, Procter & Gamble, Schering-Plough Corp., Stemilt and Unilever trust Retail Solutions to grow their retail sales, maximize in-store operation productivity, plan and execute more effective promotions, reduce their costs and join efforts with retail partners to improve shelf availability and consumer satisfaction. Please visit http://www.retailsolutions.com for more information.
Media and Analyst Contact Information:
Marketing & Communications Manager, Retail Solutions