Menu
Oracle to buy retail software vendor ProfitLogic

Oracle to buy retail software vendor ProfitLogic

Oracle has agreed to acquire privately held ProfitLogic, a Cambridge, Massachusetts, retail software developer. Financial terms of the deal were not disclosed.

Oracle Corp. has reached a deal to acquire privately held ProfitLogic Inc., a Cambridge, Massachusetts, developer of software for the retail industry. Financial terms of the deal were not disclosed.

The acquisition comes on the heels of Oracle's April purchase of retail ERP (enterprise resource planning) software maker Retek Inc. for around US$670 million. ProfitLogic focuses on improving retailers' profit margins: Its software analyzes factors such as inventory, pricing and promotions to help retailers optimize their financial strategies. The company's customers include Sears, Roebuck & Co., Bloomingdale's Inc., J. C. Penney Co. Inc. and Burlington Coat Factory.

Adding ProfitLogic to a portfolio that also includes Retek's applications and Oracle's database and infrastructure software will help Oracle build its retail software line, the company said. Executives have previously identified the retail industry as a key growth opportunity for Oracle.

Pending regulatory approvals, Oracle expects the deal to close by the end of the month.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

A snapshot of the Kiwi partners set to shine at the Reseller News Awards

A snapshot of the Kiwi partners set to shine at the Reseller News Awards

With the 2017 Reseller News ICT Industry Awards only weeks away, Reseller News profiles the power line-up of partners set to dominate the biggest night on the channel calendar. ​Ranging from the enterprise, down through the mid-market and small business sectors into the heart of the start-up scene, the end result is the most diverse and wide-ranging partner line-up in the history of the Awards, playing host to the leading innovators of the past 12 months.​

A snapshot of the Kiwi partners set to shine at the Reseller News Awards
Show Comments