Aptos Expands Omni Capabilities and Global Presence with Latest Acquisition
Aptos, Inc., a recognized leader in retail technology solutions, announced that it has entered into a agreement to acquire TXT Retail, a leading global provider of end-to-end merchandise lifecycle management solutions for the apparel, luxury, specialty and general retail sectors.
The acquisition is expected to close September 2017 subject to customary closing conditions and will combine Aptos’ customer engagement and inventory management solutions with TXT Retail’s merchandise lifecycle management suite. The extended solution footprint will address retailers’ most critical business objectives: accelerating omnichannel transformations while cultivating customer loyalty in a time when “right product, right place, right time” has reached new urgency in competing against Amazon.
The deal also expands Aptos’ global presence; TXT Retail has 10 offices and more than 300 colleagues in key markets across Europe, North America and Asia-Pacific.
“The acquisition delivers value to retailers and to Aptos,” said Jason Wright, a senior partner at Apax Partners, the private equity firm that owns Aptos. “In recent years, Aptos has demonstrated its commitment to acquisitions that offer competitive advantage to its customers, by acquiring technologies that advance the realization of singular commerce and by establishing access to geographic markets in which customers hope to grow. The acquisition of TXT Retail accomplishes both; we are confident that this combination will lead to improved results for the customers and the overall business.”
Following the acquisition’s close, the combined customer base would include more than 1,000 retail brands. Currently, TXT Retail serves over 500 retail brands worldwide, including adidas, Build-A-Bear Workshop, Dior, Guess, Lacoste, Louis Vuitton, Sephora, Tesco, Tod’s, Urban Outfitters and Zalando. Likewise, more than 500 retail brands across 40 countries rely on cloud-ready Aptos solutions.
“Aptos’ planned acquisition of TXT Retail offers retailers a unique enabler in aligning omnichannel strategy with execution, fast-tracking the merchandise lifecycle, optimizing assortments, and ensuring consumer demand is met,” said Noel Goggin, Aptos CEO and culture leader. “We are thrilled at the prospect of welcoming TXT Retail’s customers and retail specialist colleagues to Aptos’ growing, global family.”
TXT Retail’s solutions, which cover the full spectrum of activities in planning, designing, buying, distributing and delivering assortments through every stage of their lifecycle, are highly complementary to Aptos’ core Merchandising and Enterprise Order Management technologies.
“To succeed in today’s demanding retail environment, you must fully understand your customers and profitably align your offerings with their preferences in every channel,” said Simone Pozzi, TXT Retail CEO. “The combination of Aptos’ customer engagement prowess with TXT Retail’s integrated, end-to-end merchandise lifecycle management solution will allow retailers to pursue the business transformations that are critical to their success while engaging customers differently, no matter when, where or how they shop.”