Redmond, Wash. (May 22, 2002) -- Just two weeks after announcing plans to acquire accounting software vendor Navision, Microsoft Corp. now plans to acquire Sales Management Systems, a point-of-sales technology company, and deliver integrated retail management for small and midsize businesses.In what would be its third acquisition of small-to-midsize business software application vendors in 17 months, Microsoft announced plans to buy privately-held Sales Management Systems of Anaheim, Calif., for an undisclosed price. The software giant in late April announced reaching an agreement to buy Denmark-based Navision for $1.3 billion, and in January, 2001, it acquired the former Great Plains for $1.1 billion, and renamed that company Microsoft/Great Plains Business Solutions.
Microsoft said the SMS acquisition "will open new opportunities" for its resellers and software developers that work with it. The company said it plans to integrate SMS' QuickSell series of POS and retail management applications with MS/GP financial management applications to create "a sophisticated yet easy-to-use and cost-effective offering to small and medium-sized retail businesses."
"Small and mid-market retailers face a challenging economy, increasing competition and rising customer expectations," said Satya Nadella, MS/GP corporate vice president. "Market factors heighten the need for a comprehensive and connected retail solution."
-- John M. Covaleski
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