Cloud-based business application provider Infor has signed an agreement to purchase Starmount, a store systems supplier serving large and mid-market retailers.
Terms of the deal have not been disclosed.
The transaction is expected to close within 30 days.
Following the completion of the acquisition, Starmount will offer point-of-sale, mobile shopping assistant, store inventory management products and a commerce hub that will help engage shoppers, streamline operations and support cross-channel customer interactions.
This purchase will enable Infor to expedite delivery of Infor CloudSuite Retail, a suite of cloud-based enterprise applications designed for retail market.
Infor customer experience and digital vice-president Wade Gerten said: “The market is littered with antiquated software built 20 or 30 years ago that just can’t provide what modern retailers need.
“They want alternatives, built in the cloud, with native support for mobile. This acquisition will help Infor bring such solutions to market faster.”
Texas-based Starmount posted 41% year-over-year growth last year and provides services to Abercrombie & Fitch, Burlington Coat Factory, Perry Ellis and Urban Outfitters.