ALPHARETTA, Georgia and ATLANTA, Aug. 24, 2022 (GLOBE NEWSWIRE) — Today, Aptean, a global provider of mission-critical business software solutions, and Aptos, a leading provider of retail technology solutions, announced that they have entered into a definitive agreement whereby Aptean will acquire the Product Lifecycle Planning and Management division. from Aptos. The planned purchase will expand Aptean’s cloud-based software offerings for the apparel, luxury, fashion and specialty retail industries, and expand its footprint in fashion and apparel. Following the transaction, Aptos will continue to focus on its suite of unified commerce solutions for the retail space, including its point of sale, order management, merchandising and other commerce-specific applications. detail.
With operations primarily based in Milan, Aptos’ planning division software is purpose-built to meet the planning and merchandise design needs of retail brands. Hundreds of established customers, including well-known fashion companies around the world, rely on Aptos planning solutions to anticipate demand, optimize production and make more informed decisions.
Through this transaction, Aptean will acquire the entire business and product portfolio of Aptos’ planning division, which includes Merchandise Financial Planning (MFP), Product Lifecycle Management (PLM) , assortment planning (AP) and allocation, forecasting and replenishment (AFR). The addition of these products will complement Aptean’s enterprise resource planning (ERP) and shop floor control (SFC) offerings for the apparel industry with tools that support all of the apparel goods lifecycle from concept to shelf, providing real-time visibility and insight into financial planning. , design, purchase, distribution and delivery.
“Once complete, the acquisition of Aptos’ planning platform will build on Aptean’s commitment to serving the fashion and apparel industry,” said TVN Reddy, CEO of Aptean. . “Like Aptean, Aptos is focused on bringing customers to the cloud, helping them increase scalability while delivering a better end-consumer experience. We are excited to build on the success of Aptos and accelerate the ability of apparel and retail companies around the world to harness the benefits of digital transformation. Pete Sinisgalli, CEO of Aptos, said, “The ongoing sale of these solutions to Aptean aligns with our previously announced strategic areas. Aptean shares our passion for innovation and our commitment to strong customer service. With the addition of Aptos planning and PLM solutions to Aptean’s current software offerings, retail and apparel manufacturers will have access to a wider range of proven, feature-rich solutions tailored to their industries.
The transaction is expected to be finalized during the fourth quarter of 2022.
About Aptos
In an age where choice is virtually limitless, sustainable competitive advantage only belongs to retailers who truly understand their customers, what they want and why they buy. We are committed to deeply understanding each of our customers and meeting their needs with the most comprehensive omnichannel solutions in the retail industry. More than 1,000 retail brands trust our solutions to provide every shopper with a personalized, empowered, and seamless experience, no matter when, where, or how they shop. To learn more, visit www.aptos.com or follow Aptos on LinkedIn.
Aptos and the Aptos logo are trademarks of Aptos. All other trademarks mentioned are the property of their respective owners.
About Aptean
Aptean is one of the world’s leading providers of specialized, industry-specific software that helps manufacturers and distributors effectively manage and grow their businesses. With cloud and on-premises deployment options, Aptean’s products, services and unparalleled expertise help businesses of all sizes be ready for what’s next, now.®. Aptean is headquartered in Alpharetta, Georgia, and has offices in North America, Europe, and Asia Pacific. To learn more about Aptean and the markets we serve, visit www.aptean.com.
Aptean and Ready for What’s Next, Now are registered trademarks of Aptean, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
For media inquiries, please contact
Nicole O’Rourke
Marketing & Strategy Director
Aptean, Inc.
Nicole.ORourke@aptean.com
+1 770 715 0362
Kristen Miller
Senior Director of Global Corporate Communications
Aptos, LLC
KMiller@aptos.com
+1 678 695 6566
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