After Oracle, it's now SAP's turn to go shopping for Retail Tech vendors. Now who has not done it's holiday shopping, Microsoft?
In a move to further extend its leading market position in the retail software space, SAP AG (NYSE: SAP) today announced that it is acquiring privately held Khimetrics, Inc., a leading U.S.-based provider of enterprise software solutions that allow retailers to analyze how to price and position items to boost margins and optimize demand, deliver accurate profitability forecasts and implement long-term sales strategies that promote customer retention.
The acquisition of Khimetrics comes in the wake of SAP's recent acquisition of Triversity -- the leading North American provider of customer- centric, point-of-sale software solutions -- demonstrating continuing evidence of SAP's strategy to acquire narrowly-focused solutions that enhance its offerings and address specific customers' business challenges. The advanced analytical pricing and forecasting technologies from Khimetrics complement SAP's recently added in-store solution and will build on SAP's market-leading retail offering, which extends from the enterprise back office through the retail supply chain and to the store.
SAP to Acquire Khimetrics to Further Extend its Retail Market Leadership
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