Deal links providers of enterprise solutions for the food industry
Ra'anana, Israel — January 6, 2004 — Retalix this week announced that it has acquired all the outstanding stock of OMI International, a provider of supply chain execution and electronic commerce solutions designed for complex buying, warehouse management and replenishment capabilities.
Retalix has its North American headquarters in Dallas. The company provides integrated enterprise-wide software solutions for the retail food industry worldwide, including supermarkets, convenience stores and restaurants. The company was founded in 1982 as Point of Sale Limited and changed its name in November 2000 to Retalix.
Privately held OMI International, founded in 1984, also is headquartered in Dallas, with offices in Dallas and Chicago, and with affiliated offices in the United Kingdom, France, Spain and South Africa. The company provides integrated supply chain execution solutions designed to optimize distribution and logistics business processes to consumer product and retail organizations.
Financial details of the transaction were not revealed.
OMI's core product lines include Triceps Warehouse Management software and Biceps Procurement software. With over 100 clients worldwide, OMI has a customer base that includes some of the largest companies in the food and grocery industry.
Commenting on the acquisition, Barry Shaked, CEO of Retalix, said the deal would support his company's growth strategy of providing food retailers with a fully integrated enterprise solution set. "OMI has developed innovative supply chain execution solutions that are best-of-breed applications in this critical category," Shaked said. "Joining forces will enable us to offer an unparalleled level of supply chain efficiency."
James Meece, chairman and CEO of OMI International Inc., said: "Joining with Retalix aligns OMI's solutions with the emerging leader in providing integrated enterprise applications to the food industry. Customers today recognize that in order to capture the full benefits of advanced supply chain technology, you need an integrated data architecture that extends from suppliers all the way to the head office, store locations and the point-of-sale. We have been following Retalix's progress in executing on that vision and are confident that this combination is the right move for our customers, employees and shareholders."
