Company Acquires UK-Headquartered Intelligent Retail
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Acquisition complements the company's Island Pacific omni-channel and mobile solutions.
- Intelligent Retail purchase aligns with 3Q company mission to achieve scale and increase profitability through strategic acquisitions.
SYDNEY, May 13, 2013 (GLOBE NEWSWIRE) -- 3Q Holdings Ltd today announced the acquisition of Intelligent Retail Ltd, the UK-based developer of the "Connect" multi-channel retail solution. The acquisition reinforces 3Q's position as a market-leading solutions provider for the new generation of omni-channel retailers which depend on systems that deliver real-time customer service seamlessly across bricks and mortar stores, internet, mobile, email and call centre channels.
Founded in 2004, Intelligent Retail was the first company to design a multichannel retail solution specifically around the needs of the multichannel independent retailers encompassing in-store POS systems, eCommerce, mail order, telephone orders as well as online marketplaces.
The company's award-winning "Connect" software is used today by around 600 customers throughout the UK and Ireland providing retailers with both a comprehensive in-store solution as well as an online "Connect eCommerce" webstore.
Backed by in-house creative design and online marketing teams and featuring seamless integration into leading online marketplaces, including eBay and Amazon, the "Connect" solution allows retailers to rapidly develop an effective web channel.
The acquisition will provide 3Q with market-leading multichannel retail technology, complement the company's Island Pacific omni-channel and mobile solutions, and provide a channel for 3Q to address the smaller Australian and New Zealand independent retail market. In addition, 3Q aims to expand the Intelligent Retail business into international markets, including North America and Asia, while at the same time using the acquisition to strengthen the group's successful presence in the UK.
3Q chairman, Shaun Rosen, said, "Our business follows the basic principle of putting the retail customer first and concentrating on innovative solutions that are leading edge and scalable. I believe our acquisition of Intelligent Retail is an excellent opportunity to provide our customers and partners with the assurance that we will continue to respond to their needs while at the same time delivering industry-leading retail solutions which drive a compelling customer experience."
David Mackley, CEO of Intelligent Retail, said, "The combination of 3Q Holdings and Intelligent Retail is a win-win for retailers looking for competitive advantage and an increased focus on serving the unique needs of today's consumer."
The acquisition is in line with the 3Q company board mission to achieve scale and increase profitability through strategic acquisitions. Its comprehensive suite of end-to-end solutions include point of sale, merchandise planning, merchandising, distribution and financials. Its Island Pacific solutions include retail merchandising, merchandise planning, financials and point of sale software solutions.
Island Pacific continues to develop and deploy high value and innovative software solutions that enable retailers to manage the entire scope of their operations and to understand, create, manage and fulfil consumer demand. These operations include core merchandising, point-of-sale, customer relationship management, vendor relationship management, demand forecasting, planning, replenishment, allocation, promotional and event planning.
The company's AdvanceRetail Technologies division delivers full business process consultancy, implementation, training and support services with the ultimate aim of designing software to transform the retail counter from a point of sale to a point of service.
About Island Pacific
Island Pacific is a global leader in retail merchandising and store operations software solutions. For 30 years, Island Pacific has been a thought leader in retail software solutions, and has developed a reputation for delivering high-quality, high-reliability software to the retail industry. As a result, Island Pacific is a leading resource for scalable, flexible and affordable solutions for retailers around the world.
Island Pacific, a division of 3Q Holdings Limited (www.threeq.com.au) was founded in 1978. The company is headquartered in Irvine, California, and has offices in the United States, the United Kingdom, Australia and New Zealand.