Paso Robles software company acquired by NetSuite
NetSuite Acquires Retail Anywhere For Point-Of-Sale Boost
Informationweek.com – Cloud-based ERP vendor NetSuite announced Thursday that it has acquired point-of-sale (POS) and retail management system vendor Retail Anywhere. The deal fills out NetSuite’s commerce capabilities, bringing visibility into store activity to a multi-channel offering that currently addresses websites, call centers, social media networks and mobile devices.
Retail Anywhere, a 28-year-old Paso Robles, Calif., company, is a NetSuite partner that reachitected its software last year to run on NetSuite’s cloud-based ERP suite. The company’s in-store software runs on traditional POS hardware and on Apple iPhone, iPad and iPod Touch mobile devices. This client software is designed to queue transactions and synchronize with central retail systems so stores can keep running even if networks go down. Retail Anywhere’s cloud services, which are now based on NetSuite, consolidate transactions from across multiple stores, integrate with back-end systems and support business intelligence querying and reporting.
The financial terms of the acquisition were not disclosed. The POS vendor’s employees will join NetSuite’s eTail/Retail Products business, and Retail Anywhere CEO, Branden Jenkins, has been named general manager of that unit. NetSuite will support Retail Anywhere products even if they’re used in conjunction with rival financial, retail and ERP systems such as Microsoft Dynamics, Quickbooks and Epicor.
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