Atlanta based Aldata Solutions acquires UK based Cosmic for approximately $4.5 million.
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which sells a variety of software to the retail industry, page
will incorporate Cosmicâ€™s analytics software into their mix. Cosmic calculates the optimum mix of products to meet shopper, supplier and retailer objectives.
â€œThis announcement is important for the retail and CPG industry as it combines best of breed technology to help reduce waste and costs in the supply chain, increase customer satisfaction, and optimize product profitability at a time when competition for customers is at an all time high and economic recovery is creating major changes in buying behavior,â€ said Allan Davies, Chief Marketing Officer of Aldata.
â€œThe acquisition of Cosmic represents the second step in our Integrated Category Management strategy following the acquisition of Apollo Space Management in 2008,â€ said Bertrand Sciard, President and CEO of Aldata. â€œCombined with our best of breed retail Space, Replenishment and Supply Chain suites it will provide our customers with unique capabilities to plan and deliver accurately across multiple store sizes and formats.â€
On completion of the transaction, Cosmic staff will join Aldata in a discrete business unit headed by Cosmic Managing Director, David Wilkins.