Aptean – a global provider of enterprise software solutions – and Aptos – a leading provider of retail technology solutions – have announced to enter into a definitive agreement through which Aptean will acquire Aptos’ planning and product lifecycle management division.
The move will help Aptean to expand its cloud-based software offerings into the apparel, luxury, fashion and specialty retail industries, and broaden its fashion and apparel footprint.
Following the transaction, Aptos will continue its focus on its suite of unified commerce solutions for the retail space, including its point of sale, order management merchandising and other retail-specific applications.
Through the transaction, Aptean will acquire the full breadth of operations and the product portfolio of Aptos’ planning division which consists of solutions for 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 the entire apparel merchandise lifecycle from concept to shelf, providing visibility and real-time insights into financial planning, design, purchasing, distribution and delivery.
“When finalised, the acquisition of Aptos’ planning platform will build on Aptean’s commitment to serve the fashion and apparel industry,” commented TVN Reddy, CEO at Aptean.
“Like Aptean, Aptos has focused on bringing customers to the cloud, helping them to increase scalability while delivering a better experience to the end consumer. We’re excited to build on Aptos’ success and accelerate the ability of apparel and retail companies across the globe to harness the benefits of digital transformation,” mentioned Pete Sinisgalli, CEO, Aptos.
As per announcement, the transaction is expected to close within the fourth quarter of 2022.
