Accellos Acquires PROFITsystems
Supply Chain Software Provider Extends Solution Suite with Market Leading Home Goods Retail Software
COLORADO SPRINGS, Colorado – November 13, 2013 – Accellos, a leading provider of supply chain execution software solutions, today announced its acquisition of PROFITsystems, a provider of comprehensive Software as a Service (SaaS) solutions for small and medium sized home goods retailers.
Accellos was founded with a vision that small and midsized business and logistics service providers were in need of a single-source supply chain software partner. This vision has manifested itself in the acquisition and integration of seven supply chain software companies and the development of a unifying product technology; the AccellosOne platform. Over 4,000 companies use Accellos software to power their supply chains. Consistent with this strategy, Accellos has extended its supply chain solution to the last segment of the supply chain, the retail store.
“Distribution, logistics, and transportation are critically important to home goods retailers,” said Michael Cornell, CEO, Accellos. “Supply chain costs are significant when managing furniture and other home goods products. Accellos expertise in supply chain management, combined with PROFITsystems expertise in maximizing store operations, creates a compelling combination for any home goods retailer.”
PROFITsystems is the market leader in software for small and medium sized home goods retailers. PROFITsystems’ flagship product, RETAILvantage, is a SaaS solution that manages all aspects of a home good retail operation including inventory management, distribution management, point of sale, customer management, accounting, and business analytics.
“The management team at PROFITsystems was seeking to align our business with a partner that would bring significant resources dedicated to continuing to enhance our products and provide world class support to our customers,” said Jeff Niskern, CEO, PROFITsystems. “Accellos is a perfect fit for PROFITsystems. Accellos brings deep expertise in the supply chain issues facing our customers and is committed to keeping our focus on the unique needs of home goods retailers.”