Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
Following its proposal to acquire ISS Retail, provider of web-based store point-of-sale systems, Junction Solutions has agreed to acquire ThePage.com, provider of on-demand e-commerce software.
Following its announcement last week that it would acquire ISS Retail, provider of web-based store point-of-sale systems, Junction Solutions has agreed to acquire ThePage.com, a provider of on-demand e-commerce software. Junction Solutions did not disclose terms.
ThePage.com’s suite of e-commerce software, which is delivered to clients over the Internet on an on-demand software-as-a-service basis, covers multiple functions including a shopping cart, web content management, online coupon management, site search and online pricing and promotions. The suite will re-branded as JunctionEOD, which like other Junction Solutions software was designed in a web-based environment with .Net and other technology from Microsoft Corp.
Rob Garf, retail technology analyst with research and advisory firm AMR Research Inc., says the expansion of Junction Solutions’ software offerings is making the vendor more of a single-source of web-based enterprise operating software for growing mid-sized retailers.
“This addition to Junction Solutions’ Retail Product Suite is another example of our continued efforts to provide our customers with the most innovative solutions for their retail business needs,” says Brian Carpizo, president and CEO of Junction Solutions. “Junction Solutions provides a true multi-channel retail solution built on the very latest Microsoft platform, and development technologies to provide quicker, tighter integrations and lower cost of ownership.”