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Retalix Ltd. yesterday signed a memorandum of understanding to acquire all the outstanding shares of capital stock of privately-held BASS Inc.
Dayton, Ohio-based BASS is a provider of retail automation technology, primarily to tier-two convenience store and grocery operators. Tier-two grocery retailers are traditionally classed as those with annual revenues in the $500 million to $4 billion range and a chain size of 120 stores or less. The company has equipment installed in approximately 7,000 stores.
Under the terms of the agreement, Retalix will acquire both the company's assets and marketing rights to the entire BASS product line.
BASS was formed in 1979 and has developed a variety of full-featured applications designed specifically for the supermarket retail industry. The company's product range encompasses single in-store components, host support solutions and point-of-sale. BASS applications are installed in more than 3,500 retail sites in the United States.
Retalix, a supplier of enterprise software systems to the convenience store and supermarket industry, currently has software installations in more than 15,000 stores. The Israeli-based technology firm works with chains such as Albertson's and Tesco. More than 70 percent of its business, however, comes from the small chain sector and independent store market.
"BASS has a strong customer base with medium sized grocery chains that will strengthen our market position. BASS's strength with host and back-office applications, combined with our proven front-end solutions, will allow our grocery customers to benefit from best-of-breed applications throughout the enterprise," said Barry Shaked, CEO of Retalix Ltd. "In addition, BASS's team of experienced people and strong suite of software products will contribute to our progress in bringing the advantages of Web-based applications and e-marketplace architecture to the entire food retail environment."