Mi9 Retail Acquires ASC and Forms New Retail Software Jewelry Group

Jan 11, 2016, 13:00 ET from Mi9 Retail

MIAMI, Jan. 11, 2016 /PRNewswire/ -- Mi9 Retail, the premier provider of retail merchandising, business intelligence and customer-centric store solutions, is pleased to announce its acquisition of Applications Systems Corporation (ASC), a respected name with a wealth of experience developing software solutions for leading independent and multi-store jewelers.  The addition of ASC will reinforce Mi9 Retail's position as a leading provider of retail technology solutions and serve as the cornerstone of a new group devoted exclusively to jewelry retailers.

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ASC's prestigious customers, many of whom have worked with ASC for over 25 years, will join Mi9 Retail's existing set of distinguished jewelry customers.  Barry Kraft, ASC's Executive VP, will lead the Mi9 Retail Jewelry Group as General Manager.  "I am excited to partner up with Mi9 Retail to help our devoted customers improve their operations with modern, innovative retail software solutions," said Kraft.

ASC is proud of its 25 year collaboration with ASCUS, its user group of more than 100 independent jewelers, and looks forward to combining the group with Mi9 Retail's Customer Advisory Board.  The combined company shares the same philosophy that all customers play an important role in determining the enhancements that are delivered with each new release of software.  "ASC has been a great resource for the ASCUS group," remarked Joe Lasker, ASCUS President.  "ASC developed many valuable software enhancements and reports based on the software requirements delivered by the group's participating jewelers.  On behalf of our retail jeweler consortium, we are very excited to join forces with Mi9 Retail's existing retail jeweler customers and customers at large."

"With Mi9 Retail's recent acquisition of Raymark, and now its acquisition of ASC, both ASC customers and the entire jewelry industry will reap incredible benefits. ASC will now combine its unparalleled industry knowledge with the resources and cutting-edge technologies of Mi9 Retail.  Independent jewelers of every size will now have the opportunity to utilize world class software – from POS systems to data analysis, mobile applications, CRM and clienteling – that will better manage operations and improve customer engagement into the future," commented Craig Rottenberg, President of Long's Jewelers and longtime ASC customer.  

Mi9 Retail delivers robust merchandise management, retail analytics and store operations software.  It also offers best-in-class retail specific customer-centric applications, including mobile point of sale, mobile inventory management, CRM and mobile clienteling solutions designed to enhance how associates engage shoppers with real-time visibility into product and customer data across all channels. 

"Mi9 Retail's acquisition of ASC is a smart move designed to accelerate growth and expand into new retail markets," noted Joe Skorupa, Editorial Director of RIS News.  "ASC's client base, composed of independent and multi-store jewelers, will benefit from Mi9 Retail's ability to meet or exceed customer expectations for specialty and mid-size retailers, as demonstrated in the recent 2016 RIS Software LeaderBoard report, where Mi9 Retail achieved top marks in head-to-head software vendor rankings."

"We look forward to the benefits our Jewelry Group's customers will experience from our combined expertise," said Mi9 Retail President Neil Moses. "These are exciting times for Mi9 Retail as we continue to scale the company and deliver advanced technology to our customers across varied retail sectors worldwide."

About Mi9 Retail

Mi9 Retail, the premier provider of enterprise retail merchandising, business intelligence and customer-centric software, empowers the world's most successful retailers to build strong personal relationships with their customers, process high volumes of transactions in real time and optimize inventory across all channels utilizing a single, accurate source of the truth. Built using cutting-edge technology, the software minimizes costs of ownership and provides the industry's fastest time to value. The company's global headquarters are located in Miami, FL, with operations in North America, Europe and Asia. For more information, please visit www.mi9retail.com.

 

SOURCE Mi9 Retail



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