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CGS to acquire business of Visual Next

22
May '19
Pic: Visual Next
Pic: Visual Next
CGS, a provider of business applications, enterprise learning, and outsourcing services, is set to acquire the business of Visual Next, a provider of end-to-end software to apparel, footwear, uniform, and fashion accessory companies. The acquisition will further the complementary strengths of Visual Next and CGS’s industry-leading BlueCherry software suite.

With a rapidly changing market along with the trend for unified commerce and the convergence of retail and wholesale, customers are demanding a complete solution to manage all channels of their business. CGS and Visual Next have a deep industry expertise and a shared vision of delivering end-to-end, concept-to-consumer solutions to companies in the apparel, fashion and consumer lifestyle industries. The combined organisation will expand the geographical market, while also benefitting customers with improved customer support and increased investment in the product platform, according to CGS.

“We’re incredibly excited to become part of the CGS family. BlueCherry and Visual Next Solutions share a vision of furthering next-generation technology to support the rapidly evolving needs of fashion, apparel, footwear brands. Visual Next will bring complementary solutions to the BlueCherry community, extending the value of our joint offering to the ever-evolving retail and wholesale audience. This acquisition brings the best end-to-end workflow, from sourcing materials to point-of-sale, to the customers of both organisations,” Charles Benoualid, CEO, Visual Next said.

Founded more than 20 years ago, Visual Next provides a complete suite of business software built by industry experts for the next generation of fashion businesses. The company empowers customers worldwide with the tools to reach their next milestones and achieve sustainable growth by removing the element of uncertainty in a shifting market.

“The demand has never been greater for next-generation solutions in the retail and wholesale apparel and footwear market, and the bringing together of Visual Next with CGS will further strengthen our offering, in particular in the PLM, integrated finance and integrated POS space, to benefit the fashion community. Having served the fashion community for more than three decades, CGS prides itself on delivering the best solutions to our valued clients. This acquisition demonstrates our continued objective to remain client-centric, offering best-of-breed services to meet changing market demands,” Phil Friedman, president and CEO, CGS said. (GK)

Fibre2Fashion News Desk – India


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