THOROFARE, N.J.—Checkpoint Systems Inc., a supplier of identification, tracking, security and merchandising solutions for the retail industry, has entered into a definite agreement to acquire OATSystems Inc., a provider of RFID-based software and technology.
According to OATSystems, its technology helps turn large quantities of data from RFID hardware into meaningful information, allowing retailers to manage inventory more effectively.
“As our industry moves to a common EPC standard, Checkpoint, with the addition of OATSystems' capabilities, will now be able to offer solutions that enable retailers and their supply chains to gain deeper inventory visibility, further reducing shrink and increasing bottom-line profits by enhancing on-shelf merchandise availability for consumers,” says Rob van der Merwe, president and CEO of Checkpoint Systems.
Michael George, president and CEO of OATSystems, will continue to operate the business as a division of Checkpoint.
