Tuesday, 12 July 2016 08:05

Infor to acquire Starmount

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Business software vendor Infor has announced an agreement to acquire Starmount, a store systems provider for large and mid-market retailers.

Infor's planned acquisition of Starmount is aimed at accelerating the delivery of Infor CloudSuite Retail.

Starmount would contribute point-of-sale, mobile shopping assistant, store inventory management and a commerce hub for consistent cross-channel customer interactions.

"The market is littered with antiquated software built 20 or 30 years ago that just can’t provide what modern retailers need,” said Infor vice-president of customer experience and digital, Wade Gerten.

"They want alternatives, built in the cloud, with native support for mobile. This acquisition will help Infor bring such solutions to market faster.”

The difference between omni-channel and Infor's concept of "converged commerce" is that the latter uses a single selling system for all consumer interactions rather than a series of integrations across multiple systems. According to the company, this provides accurate and timely information across all touchpoints, and is cheaper to operate.

"Since announcing our intention for Infor CloudSuite Retail last fall, our phones have been ringing off the hook with retailers hungry for the software to help them overcome the serious disruption the industry is facing," said Infor Retail senior vice-president and general manager Corey Tollefson.

"For Infor it is all about accelerating delivery of the solutions our customers crave, be that through building software as we are with Whole Foods Market, partnering with industry leaders, or buying leading-edge technology like Predictix [demand management software] and Starmount ."

Current Starmount customers include well-known brands such as Abercrombie & Fitch.

The deal is expected to close within 30 days. Terms are not being disclosed.

Disclosure: The writer attended Inforum 2016 in New York as a guest of Infor

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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