TXT e-solutions revenue rises 15.8% in 2012

Maple Lake brings to TXT approximately 50 new, large retail customers, operating with about 90 international brands, and many well-known names such as Aeropostale, Arcadia Group, Barneys New York, Columbia, Levi’s Strauss & Co and Steve Madden. After the acquisition, TXT, which already serves a large number of top brands, such as Louis Vuitton in Luxury and Auchan in global retailing, will have more than 400 Fashion Retail customers, managing well over 100,000 stores and channels worldwide.

The acquisition of Maple Lake entailed a net outlay of € 8.7 million and issued 238,854 new TXT shares to Sellers, as approved by the TXT Shareholders’ Meeting held on 6.12.2012.

TXT’s strategy is to accelerate the growth in functionality and the geographic reach of the TXT Perform platform, so that it truly becomes the software “brand of brands” for nonfood Integrated Retail Planning worldwide. TXT management expects both revenues and operating margins to increase as a result of this strategy and of the transaction, despite a challenging and recessionary economic backdrop in several markets, most notably in Italy.

TXT