APP Design has sold Revcast LLC, its retail data analytics software subsidiary, to Halo Technology Halo’s Kenosia subsidiary will take over management, marketing, and continued development of Revcast’s flagship IMS product.
Here is the official press release:
Kenosia Corporation Acquires Revcast
Revcast’s Integrated Merchandising Solution provides Kenosia clients with Forecasting and Replenishment Solutions
DANBURY, CT – September 19, 2006 – Kenosia Corporation, a unit of HALO Technology Holdings, Inc. (OTCBB: HALO) and a leading developer of software solutions that empower corporations to streamline their analytical process and quickly turn disparate data sources into actionable insights, today announced that it has acquired Revcast for an undisclosed amount. The purchase of Revcast enables Kenosia to bring a powerful forecasting and replenishment solution to customers as part of its portfolio of enterprise analytical and collaboration solutions.
Illinois based Revcast is a privately held company providing forecasting and replenishment solutions to some of the largest manufacturers in the world. The company’s flagship product, Integrated Merchandising Solution (IMS), is being used today by several manufacturers that work with Wal-Mart and other major retailers, which share direct POS information.
“The world of analytics continues to change, and the use of more timely and accurate data sources – including from direct POS and RFID systems – is becoming more important” said John Boccuzzi, Jr., chief executive officer of Kenosia. “Revcast’s Integrated Merchandising Solution handles such information sources with ease and will be an excellent complement to our current analysis and collaboration solutions.”
Revcast’s CEO, Shad Gamel, added, “Combining these two organizations provides manufacturers and retailers with the most complete solution set available today, and our integrated development resources hold even greater promise for the future.”
About Kenosia Corporation
Kenosia Corporation is a leading developer of software solutions that empower corporations to capture, analyze, and profit from critical POS, syndicated, shipments and demographic information. Headquartered in Danbury, CT, Kenosia offers leading enterprise software solutions to manufacturers, retailers, and sales agents. DataAlchemy is the industry standard for business analytics and reporting ranging from category management and trade funds analysis to financial and executive level dashboard reporting on one platform. Kenosia drives efficiencies as well as bottom line profits by giving a client full access to disparate data sources that lead to stronger insights. For additional information, visit: www.kenosia.com.
Kenosia Corporation is owned and operated by HALO Technology Holdings, Inc. (OTC: HALO) (BULLETIN BOARD: HALO), a holding company for established enterprise software companies.
About HALO Technology Holdings
HALO Technology Holdings, Inc. is a global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. HALO’s strategy is to acquire and operate enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, thousands of corporations and institutions from across the globe rely on our portfolio companies to deliver high quality, enterprise class software and services. For more information, please see our website at www.haloholdings.com.
About Revcast
Revcast LLC, is recognized as the premier software provider of analytics based forecast and replenishment products to the retail community. Organizations rely on Revcast’s Integrated Merchandising System (IMS) to drive sales and operating resource efficiencies by optimizing product placements, and automating processes such as information delivery and root cause analysis evaluations.
Revcast operates as a LLC, www.Revcast.com.