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Aptos acquiring TXT Retail to boost merchandise lifecycle management

August 8, 2017

Aptos Inc. is buying TXT Retail to meld its customer engagement and inventory management technology with TXT Retail's merchandise lifecycle management suite.

The technology integration, according to a press release, will address retailers' most critical business objectives: accelerating omni-channel transformations while cultivating customer loyalty in a time when "right product, right place, right time" has reached new urgency in competing against Amazon.

"The acquisition delivers value to retailers and to Aptos. In recent years, Aptos has demonstrated its commitment to acquisitions that offer competitive advantage to its customers, by acquiring technologies that advance the realization of singular commerce and by establishing access to geographic markets in which customers hope to grow. The acquisition of TXT Retail accomplishes both; we are confident that this combination will lead to improved results for the customers and the overall business," said Jason Wright, a senior partner at Apax Partners, the private equity firm that owns Aptos, in the release.