SAP to acquire retail software maker Khimetrics
In a bid to step up its expertise against the growing competition from players like Oracle and the likes, SAP has announced plans to acquire the retail software maker Khimetrics. The deal has been signed for an undisclosed amount of money which none of the company has revealed for now. This move from SAP somewhat underscores the growing market for software that helps retailers optimize pricing.
Khimetrics is a privately held company based in Arizona in United States, which helps retailers, analyze how to price and position items to boost margins and optimize demand. Their products also help companies deliver profitability forecasts and implement long-term sales strategies. The deal is expected to be closed by the first month of 2006 and would require approval from regulatory authorities.
SAP on their part have clarified that they plan to maintain the Khimetrics offices in Scottsdale as well as all of its 130 employees. SAP and Oracle are the two major players stepping up their efforts to dominate the retail software development market. Oracle itself has been on a buying spree, which has seen it acquire many companies like Siebel, ProfitLogic, and PeopleSoft.
SAP has said that their newly acquired company’s advanced analytical pricing and forecasting technologies complement the companyâ€™s recently added in-store solution and will build on its retail offering.