SAP acquires Khimetrics

by Deepak Sharma on Wednesday, November 23, 2005

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