ACCEO Solutions Inc has bought the Canadian and U.S. assets of Gemmar Systems International Inc (GSI) for an undisclosed price. GSI, a Dorval, Québec-based provider of retail management technology solutions, is ACCEO’s third acquisition in recent weeks. Earlier in July it purchased Julo LLC, a provider of recreational facilities and services, and in June it purchased Multipost Ltd, a developer of point-of-sale terminal software for retailers. With headquarters in Montréal, ACCEO is a business software specialist. It is backed by Capital régional et coopératif Desjardins, Fonds de solidarité FTQ and Investissement Québec.
ACCEO Solutions Acquires Assets from Gemmar
The corporation accelerates its expansion in both the retail sector and the North American market
MONTREAL, July 15, 2015 /CNW/ – ACCEO Solutions Inc. (ACCEO), a Canadian leader in information technology and business and financial solutions, is proud to announce its acquisition of both the Canadian and American assets of Gemmar Systems International Inc. (GSI). GSI provides a complete suite of retail management solutions encompassing points of sale, store operations, merchandise management, and integrated e-commerce.
ACCEO’s third acquisition in just a few weeks, the assets of GSI will further grow ACCEO’s retail sector offering by expanding both its client base and the solutions the corporation provides. The newest addition to the ACCEO family brings to the table integrated multi-platform e-commerce solutions interconnected with Magento, as well as relationship marketing tools (e.g., loyalty programs, gift cards, promotional systems). This strategic acquisition will also increase ACCEO’s presence in the Canadian and US markets, while providing new opportunities to shine a spotlight on its expertise in the areas of e-business operations and payment solutions in the retail sector.
“We are thrilled to be welcoming the Gemmar team to ACCEO,” says Gilles Létourneau, president and CEO of ACCEO. “With 30 years of experience in retail and a presence in the Canadian and US markets, the Gemmar assets represent a strategic and complementary addition, bringing a varied portfolio of products and a diversified clientele to ACCEO’s offering in this sector.”
“Our team is proud to be joining the ACCEO family, and we are confident that our commitment to being a leader in our sector, ensuring operational excellence, and listening to our clients is part of the values that are shared by ACCEO,” explains Peter Mitelman, president of GSI.
About ACCEO Solutions
Leading Canadian IT corporation, ACCEO Solutions specializes in the design, implementation, integration, and support of management software; e-business development; and payment, professional, and technical services. ACCEO Solutions, which is currently experiencing an active growth phase, boasts nearly 1000 employees, approximately 60 000 clients, and annual revenues exceeding $100 million. For more information, please go to www.acceo.com.
About Gemmar Systems International
Gemmar Systems International (GSI) is a leader in the design and implementation of advanced technology solutions, offering a total solution approach to retail management.
Founded in 1983, GSI has experienced exceptional growth and success as a leading North American provider of total retail management solutions. As Canada’s largest supplier of a full suite of retail software designed specifically for the mid-range market, GSI currently supports an installed base of hundreds of retail chains and thousands of points of sale (POS). For more information, please go to www.gemmar.com.
SOURCE ACCEO Solutions Inc.
For further information: Darcy Cameron, High Road on behalf of ACCEO Solutions, 514-798-6147, email@example.com; André Desjardins, Senior Marketing Manager, Shared Services, ACCEO Solutions Inc., 514 288-7161, Ext. 3586, firstname.lastname@example.org
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