Ra'anana, Israel, January 5, 2004- Retalix Ltd. (Nasdaq: RTLX), announced today that the Company has acquired all of the outstanding stock of OMI International, Inc., a leading provider of supply chain execution and electronic commerce solutions designed for complex buying, warehouse management and replenishment capabilities.
Founded in 1984 and headquartered in Dallas, Texas, OMI International is a privately held company with offices inDallas and Chicago with affiliated offices in the United Kingdom, France, Spain, and South Africa. The company provides integrated Supply Chain Execution solutions that optimize distribution and logistics business processes to consumer product and retail organizations. Core product lines such as Triceps Warehouse Management software and Biceps Procurement software deliver a range of operational benefits to clients such as accelerated productivity, improved supply chain efficiencies and a reduction in operating costs. With over 100 clients worldwide, OMI has a customer base that includes some of the largest companies in the food and grocery industry.
Commenting on the acquisition, Barry Shaked, CEO of Retalix, said, "This is an exciting acquisition for our Company. It supports our growth strategy of providing food retailers with a fully integrated enterprise solution set that improves their competitiveness and business efficiency. OMI has developed innovative supply chain execution solutions that are best-of-breed applications in this critical category. Joining forces will enable us to offer an unparalleled level of supply chain efficiency."
James Meece, Chairman & CEO of OMI International, Inc., commented, "Joining with Retalix aligns OMI's solutions with the emerging leader in providing integrated enterprise applications to the food industry. Customers today recognize that in order to capture the full benefits of advanced supply chain technology, you need an integrated data architecture that extends from suppliers all the way to the head office, store locations and the point-of-sale. We have been following Retalix's progress in executing on that vision and are confident that this combination is the right move for our customers, employees and shareholders."