was acquired by
Tequity Inc., a boutique M&A advisory firm focused on strategic transactions for Software and IT Services companies acted as the exclusive advisor to Massachusetts-based Applied Systems Corporation (ASC) in their acquisition by Mi9 Retail.
This represents the 9th successful Retail Technology transaction completed by Tequity in recent years.
ASC is a respected name with a wealth of experience developing software solutions for leading independent and multi-store jewelers. Their addition will reinforce Mi9 Retail’s position as a leading provider of retail technology solutions and serve as the cornerstone of a new group devoted exclusively to jewelry retailers.
ASC’s prestigious customers, many of whom have worked with ASC for over 25 years, will join Mi9 Retail’s existing set of distinguished jewelry customers. Barry Kraft, ASC’s Executive VP, will lead the Mi9 Retail Jewelry Group as General Manager.
Mi9 Retail delivers robust merchandise management, retail analytics and store operations software. It also offers best in class retail specific customer-centric applications, including mobile point of sale, mobile inventory management, mobile clienteling and CRM solutions designed to enhance how associates engage shoppers with real-time visibility into product and customer data across all channels. For additional information see www.mi9retail.com
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