Strategic Acquisition Will Accelerate Global RFID Growth and Deployment Capability
NEUHAUSEN, SWITZERLAND -- (Marketwired) -- Tyco Retail Solutions (www.tycoretailsolutions.com), a leading global provider of retail performance and security solutions, today announced that it has reached an agreement to acquire Creativesystems, a provider of advanced RFID solutions with primary operations in Portugal. Creativesystems supplies integrated RFID solutions and professional services that improve operational efficiency for retailers and manufacturers.
"Creativesystems' innovative technology and capabilities will enhance Tyco's RFID-based product and services offerings," said Nancy Chisholm, President, Tyco Retail Solutions. "This strategic investment reinforces our commitment to the European market and store performance solutions to better meet the quickly-evolving needs of our global customers."
The combination of Creativesystems and Tyco Retail Solutions will accelerate delivery of RFID-based inventory visibility applications for retailers globally. Creativesystems is recognized for its flexible software development and easy-to-implement RFID solutions that effectively address specific needs of retailers and manufacturers. The company's technical and professional services capabilities will complement Tyco Retail Solutions' existing global RFID infrastructure and facilitate expansion of Tyco's TrueVUE Retail Platform and associated item-level inventory visibility applications.
"We are excited to be a part of the Tyco Retail family," said João Vilaça, CEO, Creativesystems. "Together, our aligned, customer-focused approach will offer unprecedented value to our retail and manufacturing customers."
About Tyco Retail Solutions
Tyco Retail Solutions is a leading global provider of integrated retail performance and security solutions, deployed today at more than 80 percent of the world's top 200 retailers. Customers range from single-store boutiques to global retail enterprises. Operating in more than 70 countries worldwide, Tyco Retail Solutions provides retailers with real-time visibility to their inventory and assets to improve operations optimize profitability and create memorable shopper experiences.
The Tyco Retail Solutions portfolio for retailers is sold direct through Tyco businesses and authorized business partners around the world. For more information, please visit TycoRetailSolutions.com or follow us on LinkedIn, Twitter, and our YouTube channel.
Creativesystems is an integrated solution provider in the field of smart information acquisition and management systems, operating in Portugal. It has deep experience in information technology centered on simple, scalable and competitive customized solutions supported by expert consultancy in process optimization and efficiency. Creativesystems is experienced in RFID applications in the retail, logistics and industrial markets.
TYCO, TRUEVUE and the product names listed in this document are marks and/or registered marks. Unauthorized use is strictly prohibited.