Aptean, which is backed by Vista Equity Partners, has acquired Vision from Cinram Group Inc. No financial terms were disclosed. Vision is a provider of supply chain inventory management and business intelligence solutions.
ATLANTA, June 11, 2015 (GLOBE NEWSWIRE) — Aptean announced today the acquisition of the Vision® software solutions business from affiliates of Cinram Group Inc. Vision software solutions provide cloud-based Supply Chain Inventory Management and Business Intelligence solutions for Fortune 100 clients in home entertainment, electronics, and publishing. Vision solutions capture and manage inventory data for more than 100 retailers and 47,000 stores in 18 countries. The solutions provide inventory visibility and demand planning to manufacturers and retailers, enabling them to respond quickly and bridge the gap between retail supply and demand to increase profitability.
“The Vision cloud-based supply chain technology provides retailers with flexibility and agility to manage inventory levels and be more responsive to changing customer demand,” said Kim Eaton, chief executive officer, Aptean. “The holistic framework of Vision technology is designed to increase efficiencies and improve customer service— key characteristics of Aptean’s suite of products.”
The Vision Inventory Management platform serves as a central hub for customer’s business-critical data, maintaining inventory levels in real time and providing detailed analytics to drive decision-making.
“Combining Vision with Aptean will allow Vision to grow and prosper as part of a bigger software services provider and continue to provide exceptional service to Cinram clients in the future,” said Steve Brown, chief executive officer, Cinram.
The Vision solutions suite includes category-wide forecasting, product level management, product mix analysis, and recommendation, replenishments, reverse logistics, customized retail solutions, and product performance reporting. All solutions can be integrated with existing management tools, and can be selected as a full package or as individual modules to address specific needs.
Cinram was represented in the transaction by Atlas Technology Group LLC.
Aptean helps businesses profit, innovate and grow where the work gets done—in the call center, on the floor of the factory, at the end of the assembly line. That’s where Aptean’s CRM, Complaints Management, ERP and Supply Chain software applications help nearly 5,000 organizations satisfy their customers, operate more efficiently and stay at the forefront of their industry. Aptean is where software WORKS. For more information, visit www.aptean.com.
Cinram Group Inc. (CGI), a wholly-owned affiliate of Najafi Companies (Najafi), is one of the world’s largest providers of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram manufactures and distributes pre-recorded DVDs, Blu-ray Discs, CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. With a full range of supply chain services, Cinram guarantees products flow smoothly and profitably to consumers around the world. For more information, visit www.cinramgroup.com.
Correction: The previous headline incorrectly spelled Aptean. The headline has been updated.