ALPHARETTA, Georgia and ATLANTA, Aug. 24, 2022 (GLOBE NEWSWIRE) — Today, Aptean, a global provider of mission-critical enterprise software solutions, and Aptos, a leading provider of retail technology solutions, announced that they have entered into a definitive agreement under which Aptean will acquire Aptos’ planning and product lifecycle management division. The planned acquisition will expand Aptean’s cloud-based software offerings for the apparel, luxury, fashion and specialty retail sector and increase its fashion and apparel footprint. 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 retail-specific applications.
With operations primarily based in Milan, Aptos’ planning division software is purpose-built to meet the planning and design needs of retail brands. Hundreds of established clients, including well-known fashion companies around the world, rely on Aptos planning solutions to anticipate demand, optimize production and make informed decisions.
Through the transaction, Aptean will acquire the full breadth of the business and product portfolio of Aptos’ planning division, which comprises solutions for asset financial planning (MFP), product lifecycle management (PLM), assortment planning (AP) and allocation, forecasting and replenishment (AFR). ). The addition of these products complements Aptean’s enterprise resource planning (ERP) and shop floor control (SFC) offerings to the apparel industry with tools that support the entire apparel lifecycle from concept to shelf, providing visibility and real-time insights into financials. planning, design, purchasing, distribution and delivery.
“When the acquisition of Aptos’ scheduling platform is completed, it will build on Aptean’s commitment to serving the fashion and apparel industry,” said TVN Reddy, CEO of Aptean. “Like Aptean, Aptos has focused on bringing customers to the cloud to help them increase scalability while providing a better end-consumer experience. We are excited to build on Aptos’ success and accelerate the ability of apparel and retail companies around the world to reap 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 focus areas. Aptean shares our passion for innovation and our commitment to strong customer service. With the addition of the planning and PLM solutions from Aptos to Aptean’s current software offerings, retailers and apparel manufacturers have access to a wider range of proven and feature-rich solutions tailored to their industry.”
The transaction is expected to close in the fourth quarter of 2022.
In an age of virtually unlimited choice, sustainable competitive advantage is only possible for retailers who truly understand their customers, what they want and why they buy. We strive to understand each of our customers in-depth and meet their needs with retail’s most comprehensive omnichannel solutions. More than 1,000 retail brands rely on our solutions to provide every shopper with a personalized, powerful and seamless experience – no matter when, where or how they shop. Learn more at www.aptos.com or follow Aptos on LinkedIn.
Aptos and the Aptos logo are trademarks of Aptos. All other trademarks referenced are the property of their respective owners.
Aptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. With both cloud and on-premise 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. For more information 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.
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