Ultimate Technology announces the acquisition of Purple Cactus Technologies
Repositions Company as a retail automation solution provider of software, hardware and professional services.October 9, 2007, Rochester, NY – Ultimate Technology Corporation has completed the acquisition of Purple Cactus Technologies, a Scottsdale, Arizona provider of multi-channel retail automation software. Founded in 2001, Purple Cactus Technologies designs, develops, implements and supports enterprise level retail management solutions to over 2,500 retail users. Purple Cactus applications span the full enterprise retail management cycle including POS and Merchandising, CRM, Purchasing, Inventory, Warehouse, Open to Buy Planning, Order Fulfillment and Sales Reporting.
Sam Villanti, President and CEO of Ultimate Technology states, "The Tier 2/3/4 specialty retail market is looking for a technology provider that can support them with a full complement of software, hardware and professional services under a single brand. By acquiring Purple Cactus Technologies, we satisfy this need and will provide all of these solutions to retailers with our direct sales model." Mr. Villanti continued, "We spent six months evaluating ISV's that would allow us to support this strategy. Purple Cactus Technologies was our first choice and we are very happy to have them on the Ultimate Technology team."
Greg Buzek, President of IHL Consulting Services adds, "Tier 2/3/4 specialty retailers have critical business needs to grow sales, minimize costs, create and maintain their brand, and improve their overall performance. Since 80% of all retail store automation decisions start with the software selection, Ultimate Technology is in an excellent position through this acquisition to capture meaningful market share in store automation software and hardware. Coupled with their high ranking in customer service and support, this re-positioning will reap benefits for years to come."
All Purple Cactus associates will join Ultimate Technology to accomplish the transition. Randy Severo, President and CEO of Purple Cactus Technologies will be responsible for Ultimate Technology's Software Solutions business unit, which will continue to be located in Scottsdale, Arizona. Mr. Severo states, "We are excited to join forces with a company that has the market leadership and reputation of Ultimate Technology. The new positioning and value proposition of the organization will provide immediate benefit to our existing and future customers. Additionally, the added resources and investment in the Software Solution business will allow us to continue to develop, market, and support best in class store automation software solutions."
About Ultimate Technology
Since 1988, Ultimate Technology has deployed and serviced over 300,000 store-level POS installations for leading retailers in North America. As a retail automation solutions provider, Ultimate Technology offers a full complement of software, hardware and professional services under a single brand. Every year more retailers discover the flexibility, convenience, and cost benefits of our full service POS solutions.
For more information about Ultimate Technology's world-class portfolio of point-of-service software, hardware and professional services visit www.ultimatetechnology.com.
For more information, contact Kathy Manners, Marketing Communications Specialist, at 585-742-5245 or by e-mail at mannersk@ultimatetechnology.com.
