Microsoft Dynamics acquires LS Retail’s industry solution
September 25, 2009 - Iceland
LS Retail announced LS Retail’s Industry solution for Microsoft Dynamics AX has been acquired by Microsoft in a move that underlines Microsoft’s continued investment in the retail industry.The agreement brings LS Retail’s proven end to end retail solution into the Microsoft Dynamics AX portfolio.
In acquiring LS Retail’s Microsoft Dynamics AX products,Microsoft
Dynamics continues its strategic drive to provide global retail customers with the comprehensive and cost effective, end-to-end retail solution in the market today. It further accelerates Microsoft Dynamics’ goal to provide standard retail functionality
as part of the Microsoft Dynamics AX core industry solution and unleashes the extensive Microsoft Dynamics retail partner ecosystem in providing vertical and sub-vertical specific functionality efficiently across all retail opportunities.
Acquiring proven solutions, such as LS Retail for AX, is a strategic move that enables Microsoft to drive further innovation
with partners and customers in the global retail industry.
“Microsoft is investing in building industry functionality into its ERP product Microsoft Dynamics AX and retail is a major focus
for us,” says Crispin Read, general manager, Microsoft Dynamics ERP. "Acquiring a proven solution like LS Retail AX is a strategic move that enables Microsoft to drive further innovation
with partners and customers.”
“This acquisition is a great recognition for LS Retail worldwide and further strengthens the existing relationship between Microsoft and LS Retail. LS Retail will continue to develop add-on solutions for the acquired solution, providing support and training for the industry, “says Gunnar Björn Gunnarsson, CEO LS Retail EHF. “LS Retail will also continue with its entire retail suite of solutions on the Microsoft Dynamics NAV platform and through this acquisition we expect increased opportunity and exposure for the company. For Microsoft, this acquisition represents a significant opportunity to increase its presence in the mid-market retail industry for ERP-based solutions.”
Finally, the agreement will enable LS Retail to focus on its core ISV company mission, to extend, enhance and supplement Microsoft Dynamics ERP solutions in vertical and sub-vertical retail markets.In developing Microsoft Dynamics NAV and Microsoft
Dynamics AX retail solutions over the last decade, LS Retail and its partners have become trusted partners that have added value to customers across a broad set of retail-focused industries including furniture, fashion, electronics, convenience stores, and more
LS Retail is one of the principal companies developing retail and hospitality solutions based on Microsoft Dynamics for the international arena. LS Retail has been sold to 132 countries, translated into 33 languages and is distributed through a partner network including 120 Certified partners in more than 60 countries.