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Inovis Divests Its Retail Intelligence Services Business
Company Sells Business to Focus on Core Business-to-Business Solutions
ATLANTA — January 3, 2005 —
Inovis, a leading provider of business-to-business solutions and services, announced today that it has entered into a definitive agreement with RetailData LLC under which RetailData will acquire Inovis’ Retail Intelligence Services suite of solutions.
Inovis acquired the Retail Intelligence Services business through its merger with QRS Corporation in November 2004. The services collect store-level data and analyze the information to deliver customized reports about pricing, competitive activities, and the in-store consumer experience. The divestiture is effective immediately.
About Inovis
Inovis is a leading provider of business-to-business solutions for global trading relationships. With more than 20 years of experience, Inovis enables collaborative business processes and solves the complete B2B integration challenge for more than 20,000 customers and their trading partners. The company’s comprehensive line of B2B software and managed services help companies speed transaction flows, synchronize product information and improve supply chain processes. For more information, visit www.inovis.com.
Inovis is a trademark of Inovis, Inc.
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