For nearly two decades, Triversity has been a leader in the worldwide retail marketplace with solutions deployed in 32 countries. Triversity delivers flexible, comprehensive, retail market-leading solutions that include traditional and enterprise point-of-sale, store inventory management, POS loss prevention, customer loyalty, stored value, store back-office and in-store and multi-channel customer service. These solutions are highly complementary to SAP’s existing retail solution offering, and SAP and Triversity already have a strong list of joint customers including The Body Shop, Casa Ley, Indigo Books, Wawa and Trader Joe’s.
“The acquisition of Triversity falls right in line with our strategy of acquiring companies to enhance product functionality and extend our leading position within key industry verticals,” said Bill McDermott, president and CEO, SAP America, Inc. “Our acquisition strategy is not to acquire customers, but rather to help serve our customers better. With Triversity’s customer-centric, market-leading point-of-sale solutions becoming part of the SAP for Retail solution portfolio, we can better serve our customers with an end-to-end retail offering, connecting data from initial consumer interactions at the point of sale, through the retail supply chain, to the enterprise back office.”
SAP is the global market leader for retail enterprise applications, with more than 2,700 customers in the retail industry worldwide. With more than 250 retail customers, Triversity is a North American market leader in point-of-sale solutions and brings proven functionality and experience in this key area to SAP’s retail solution portfolio. “We are very excited to join the SAP family,” said Dave Thomas, CEO of Triversity. “In SAP, we are joining the worldwide leader in business applications, the number-one provider of solutions to the retail industry and a company with enormous resources in research and development. By leveraging the best of our combined assets, we can provide our existing and potential new customers with the best retail solution on the market today.”
SAP sees the retail industry as a significant growth opportunity, as retailers move away from in-house software development in favor of standard software solutions, such as those offered by SAP, because they increasingly view IT as a strategic instrument to drive competitive differentiation and business growth. Triversity’s highly flexible solutions will complement SAP’s portfolio of retail software, tightly integrated through the SAP NetWeaver platform.
Built on SAP NetWeaver, the SAP for Retail solution portfolio allows retailers to leverage existing IT investments in an integrated solution landscape. The platform helps reduce the complexity of IT while driving innovation, reducing costs and pursuing flexible business strategies. As a result, retailers benefit from the increased flexibility, speed and efficiency needed to compete more effectively. They also gain the means to run their entire businesses on a single platform rather than on a costly mix of best-of-breed scenarios. The acquisition is expected to be completed in October. Financial terms of the transaction were not disclosed.
Source: SAP AG