VeriSign Acquires Retail Solutions, Inc.
Last week, VeriSign announced the acquisition of Retail Solutions, Inc. (RSI), a leading provider of operational point-of-sale (POS) data to the retail industry.
The addition of RSI's customers and core technology to VeriSign's Intelligent Supply Chain Services platform extends the growing role VeriSign's scalable, secure infrastructure is playing in the $8 trillion worldwide supply chain. Operational POS data provides detailed information about the volume and value of product sales through retailers, and is increasingly being combined with other "demand data" and new technologies such as RFID to increase sales and reduce costs, benefiting both retailers and their suppliers. In conjunction with the acquisition of RSI, VeriSign also announced today (www.verisign.com/wwre) an agreement with the World Wide Retail Exchange (WWRE) to deliver POS services through WWRE's global platform, enhancing store-level visibility to thousands of retailers and suppliers worldwide.
RSI counts more than 130 industry leaders as customers, including Unilever and GlaxoSmithKline. The RSI platform provides these customers with a secure, single point of access to POS data from over 30 key retailers. The addition of this capability to the existing VeriSign Intelligent Supply Chain Services platform increases the scope of services VeriSign offers to retail supply chain participants and enhances the infrastructure VeriSign has been developing in the RFID/EPC and pharmaceutical supply chain markets to deliver real time, relevant data for decision making.
"RSI is a great addition to VeriSign's critical infrastructure in the global supply chain," said Mark McLaughlin, senior vice president of VeriSign's Naming and Directory Services. "The retail industry is increasingly looking for new avenues of visibility from manufacturing plant to store floor, and demand data – including POS information – is a critical component."
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