VeriSign Buys Retail Solutions

The $24-million acquisition is expected to help VeriSign gain a foothold in the supply chain management business.
By Priya Ganapati
October 26, 2005

VeriSign said Wednesday it will pay $24 million to acquire Retail Solutions, a company that provides point-of-sale data about products, giving the infrastructure services company a foothold in the supply chain management business.

The deal marks VeriSign’s third acquisition in a month.

Lincoln, Rhode Island-based Retail Solutions specializes in operational point-of-sale data which gives detailed information about products sold through retailers. That information, when combined with data forecasting demand and identification technologies like RFID [Radio Frequency Identification], is designed to help retailers better manage their inventory. It is also expected to help increase sales and reduce costs.

VeriSign may be happy with its latest acquisition but it has left analysts like Richard Williams puzzled.

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