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PAIRE
Distance: 0.0 MiPO Box V-38
94304 Palo Alto -
94301 Palo Alto -
Altor Systems, Inc.
Distance: 0.0 MiPO BOX 1613
94302-1613 Palo Alto -
BJ Fogg
Distance: 0.0 MiPO BOX 20456
94309 Palo Alto -
Healthwrights
Distance: 0.0 MiPO Box 1344
94302 Palo Alto
Telos Venture Partners
- 339 South San Antonio Road Los Altos
- Palo Alto, California
- 94304
- Phone: (650) 949-1343
- Website
Description
WALLDORF, Germany / SCOTTSDALE, Ariz., - November 22, 2005 - In a move to further extend its leading market position in the retail software space, SAP AG (NYSE: SAP) today announced that it is acquiring privately held Khimetrics, Inc., a leading U.S.-based provider of enterprise software solutions that allow retailers to analyze how to price and position items to boost margins and optimize demand, deliver accurate profitability forecasts and implement long-term sales strategies that promote customer retention.The acquisition of Khimetrics comes in the wake of SAP’s recent acquisition of Triversity—the leading North American provider of customer-centric, point-of-sale software solutions—demonstrating continuing evidence of SAP’s strategy to acquire narrowly-focused solutions that enhance its offerings and address specific customers’ business challenges. The advanced analytical pricing and forecasting technologies from Khimetrics complement SAP’s recently added in-store solution and will build on SAP’s market-leading retail offering, which extends from the enterprise back office through the retail supply chain and to the store. With more than 2,900 retailers worldwide leveraging SAP software, SAP is the leading provider of enterprise software solutions to the global retail market.“The addition of Khimetrics’ revenue management and price optimization solutions further extends our retail suite, allowing SAP to offer the most comprehensive and complete retail offering available to customers today,” said Jim Hagemann Snabe, general manager, Industry Solutions, SAP. “Our acquisition strategy is focused and clear and differentiates SAP from its competitors. We’re continuing to strategically add companies that bring valuable functionality to our product suite and extend our leading position within key industry verticals such as retail.”