From Home Furnishing Business
Accellos Acquires Profitsystems
2013 by in Acquisition, Industry, Retail Technology
Accellos, Colorado Springs, Col., was founded with a vision that small and mid-sized business and logistics service providers were in need of a single-source supply chain software partner. That has led to Acellos' acquisition and integration of seven supply chain software companies and the development of a unifying product technology, the AccellosOne platform. More than 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 a leader in software for small and medium sized home goods retailers. Profitsystems’ flagship product, Retailvantage manages all aspects of a home goods 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 of Profitsystems, Colorado Springs, Col. “Accellos is a perfect fit for Profitsystems. Our main focus has always been on improving the profitability of our clients, primarily through better inventory management. With Accellos’ deep expertise in the supply chain issues facing our customers we will be able to bring that final step to our clients. We are both committed to keeping our focus on the unique needs of home goods retailers.”