Retail technology firm Aptos has entered into a definitive agreement to acquire TXT Retail, a provider of end-to-end merchandise lifecycle management solutions for retailers.
The acquisition is expected to close September 2017 subject to customary closing conditions, combining Aptos’ customer engagement and inventory management solutions with TXT’s merchandise lifestyle management suite.
The deal aims to help retailers address their most critical business objectives: accelerating omnichannel transformations while cultivating customer loyalty in a time when “right product, right place, right time” has reached new urgency in competing against Amazon.
Following the acquisition’s close, the combined customer base would include more than 1,000 retail brands. Currently, TXT Retail serves over 500 retail brands worldwide, including Adidas, Build-A-Bear Workshop, Dior, Guess, Lacoste, Louis Vuitton, Sephora, Tesco, Tod’s, Urban Outfitters and Zalando. Likewise, more than 500 retail brands across 40 countries rely on cloud-ready Aptos solutions.
Jason Wright, senior partner at Apax Partners, who owns Aptos, said: “The acquisition delivers value to retailers and to Aptos. In recent years, Aptos has demonstrated its commitment to acquisitions that offer competitive advantage to its customers, by acquiring technologies that advance the realisation of singular commerce and by establishing access to geographic markets in which customers hope to grow.
“The acquisition of TXT Retail accomplishes both; we are confident that this combination will lead to improved results for the customers and the overall business.”
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