Aptos Picks Up LS Retail
Aptos has aquired LS Retail, a provider of software tech solutions for retail, hospitality, food service, pharmacy and forecourt businesses. With the deal’s culmination, LS Retail will operate as a stand-alone business unit within Aptos.
Based in Iceland, LS Retail has offices in Asia, Europe, the Middle East and North America and approximately 250 employees.
LS Retail’s solutions, which include POS, ERP and inventory-planning software, are sold, implemented and supported through a global network of channel partners servicing more than 80,000 customer sites in over 140 countries. Built on Microsoft technology, they are available as SaaS in the public Microsoft cloud.
Aptos CEO Pete Sinisgalli called out LS Retail’s growing customer base and network of nearly 400 local partners in a statement announcing the deal. “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,” he added, “as it broadens our knowledge base and resources, extends our vertical capabilities, and expands our geographic coverage.”
“The pandemic has amplified or accelerated existing realities. Businesses always have been, and always will be, dealing with change; they need solutions that provide visibility, knowledge and predictable outcomes,” said Magnus Norddahl, LS Retail CEO. “Digitalization has become even more urgent than before, and the need for unified commerce solutions is more compelling than ever. This puts LS Retail and Aptos in a prime position to increase market share and help more customers around the world.”