Oracle boosts retail presence

Oracle Corporation, the US computer software giant, has strengthened its IT offering for supermarkets with the acquistion of Retek.

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By  David Ingham Published  April 10, 2005

Oracle Corporation, the US computer software giant, has acquired Retek, a retail software specialist, for US $650 million. SAP, the German business software behemoth, had been set to acquire Retek for around US $496 million. “Oracle has the largest applications business in North America, and we intend to expand that leadership position,” said Oracle CEO, Larry Ellison. “Combining Oracle with Retek is an important step in that direction, and it strengthens our position in the retail applications market globally.” Retek, founded in 1986, sells software that is designed to help retailers manage business processes, including interaction with suppliers. Its software suite, Retek Xi, has several modules and focuses on four core disciplines, listed as: Demand Management, for maximising profits; Agile Supply Chain, to integrate retailers and suppliers electronically; Multi-Channel Retailing, for internet and catalogue trading; and IT Simplification, for reducing IT complexity. “Most Retek customers already run Oracle’s financial and human resources applications, so Oracle buying Retek is a perfect fit for the retail industry,” said Retek customer and Best Buy CIO, Bob Willet. Marty Leestma, president and chief executive officer of Retek, said: “We will work with Oracle over the next several weeks to ensure that the integration is not disruptive for our clients and employees.”

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