Retail Technologies International and Kyrus Corporation Announce a Loss-Prevention Partnership
Retail Pro Retail Management System to Integrate with Innovative Video Loss Prevention Tool
Folsom, CA, August 18, 2003—Retail Technologies International, Inc. (RTI), developer of Retail Pro®, the global leader in retail management systems, and Kyrus Corporation one of the world’s leading retail and POS information providers and IBM Premier e-Business Partner, today announced a partnership which creates a compelling union between best of breed point of sale, inventory management, and video loss prevention technologies. The combination of these technologies provides retailers with an unprecedented level of protection and power in the on-going battle against shrinkage.
By integrating RTI’s Retail Pro application at the point of sale with the Kyrus RemoteManager.IP video loss prevention system, retailers gain a new weapon in their fight against employee theft and customer fraud. Combined, the two systems provide the retailer with the ability to monitor both security video and corresponding suspect POS transactions through an easy-to-use browser based interface.
According to Mike Todd, Vice President of Indirect Channel Sales for Kyrus, “We consider Retail Pro to be the leading system in specialty retail, which was a major factor in our desire to work with RTI. Their large installed customer base and experienced network of value added resellers will allow us to quickly carry our solution into this market. ”
“We like the Kyrus solution because it is both great technology and very cost effective to implement,” says Mark Wronski, Vice President of Sales and Marketing for RTI. “Retailers face enormous potential losses from shrink every day, with a large portion coming from employee theft. This new tool enables store operators to quickly identify and prevent these activities, thereby reducing shrinkage and directly improving the bottom line.”
The interfacing of the two systems will provide a seamless way of integrating Retail Pro, a POS and inventory management system, with existing CCTV equipment. This will produce a next generation loss prevention solution that brings retailers unparalleled protection from shrinkage. The integration is expected to be completed in the 4th quarter of this year.
About Retail Technologies, Inc. (www.retailpro.com)
Founded in 1987, Retail Technologies, Inc. (RTI) is recognized as the world’s leading specialty retail management solution provider. RTI’s flagship product, Retail Pro®, is used by more than 22,000 stores in 60 countries around the world. Retail Pro software is used for managing POS, inventory control, business analytics, customer relationships, purchasing and replenishment, multi-store operations and e-commerce. Leading specialty retailers worldwide choose Retail Pro because of its ease-of-use, flexibility, scalability, advanced robust features and simple administration. RTI is a development partner of Oracle, IBM and Intuit. RTI is privately held with headquarters in Folsom, CA, 20-miles east of Sacramento. To learn more about RTI and Retail Pro, visit the website at www.retailpro.com, or call toll free 1-800-738-2457.
About Kyrus Corporation (www.Kyrus.com)
Kyrus is the leading solution provider in retail. The company offers a wide range of
services and solutions nationwide across five major market segments: supermarket, chain
drug, general retail, hospitality, and education. Kyrus provides technology consulting,
software development, staging, implementation, and a 24-hour Support Center. Kyrus is an
IBM Premier Business Partner and Solution Provider. To learn more about Kyrus, please
call toll-free, 1.800.879.6737, or visit the website at www.kyrus.com .
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