COMMERCIALWARE FINALIZES ACQUISITION OF CAPTURE.NET TECHNOLOGIES
Contact:
Stephanie Lee
Lois Paul & Partners
781-782-5000
stephanie_lee@lpp.com
Both Companies Recognized On RIS News Leaderboard As Top 50 Retail Software Providers
NATICK, Mass. – February 24, 2003 -- CommercialWare, Inc., the leading provider of cross-channel commerce infrastructure software, today announced that its acquisition of Capture.Net Technologies, a Toronto-based software provider developing retail chain and store management solutions for hard goods and specialty retail outfits, has been approved. The boards of directors of both companies and the shareholders of Capture.Net have agreed to fold the assets of Capture.Net into CommercialWare Canada, Inc., a wholly owned subsidiary of CommercialWare, Inc.
The coupling of these companies is validated by RIS News’ recognition of CommercialWare and Capture.Net as Top 50 companies on its 2003 Leaderboard. Capture.Net, which was named to the list for the first time, was also recognized as a Rookie of the Year. The Leaderboard recognizes retail software vendors that offer high quality, cost effective and easy to manage solutions. This honor underscores the strength of the combined companies’ products, which provide retailers with end-to-end, cross-channel solutions through point-of-sale and back office, order management, fulfillment, customer service, collaboration, and analytics applications.
“This acquisition strengthens CommercialWare’s leadership position in the mid-sized retailer market by expanding our product footprint. We now offer cross-channel functionality to retailers and direct marketers that want to optimize transactions from all customer touch points,” said Donny Askin, CEO, CommercialWare. “It is a great feeling to know we have combined two Top 50 companies on the Leaderboard, further reinforcing that our best-of-breed products will offer customers solutions that best meet their requirements.”
About CommercialWare
CommercialWare is the leading developer of software products that offer cross-channel functionality to retailers and direct marketers seeking to optimize transactions from all customer touch points. CommercialWare`s comprehensive portfolio of products will provide cross channel infrastructure linking all aspects of the transaction lifecycle through point-of-sale and back office, order management, fulfillment, customer service, collaboration, and analytics applications. CommercialWare, the brand in cross-channel retail, offers a confluence of solutions that power more than 100 leading retail brands, including Abercrombie and Fitch, Starbucks, Party Land, Brooks Brothers, J.Jill, Ritz Camera, Jos A. Bank, and Patagonia. For more information, visit CommercialWare at www.commercialware.com.
About Capture.Net Technologies
Capture.Net Technologies Inc. is a software company serving North America’s $9.3 (U.S.) billion Retail Management Systems market. Its fully integrated real-time solution automates retail store operations, point-of-sale transaction processing, inventory and customer relationship management for hard goods and specialty chains. Since 1996, Capture.Net`s flagship product RMS has been installed in over 5,000 check out lanes supporting a wide range of retail businesses.
# # #
Back...
