360Commerce Acquires Simplified Workforce Solutions to Expand Store Optimization Solution Offering.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Dec. 15, 2003 New Addition Offers Retailers Proven Store and Labor Management Solutions -- All on One Platform 360Commerce, the leading provider of Java-based store and enterprise software, today announced that it has acquired Simplified Workforce Solutions, a leader in the workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. software market. With this acquisition, 360Commerce adds Simplified's workforce management solutions and its team of workforce management industry experts to 360Commerce's industry-leading solutions and retail expertise. Additionally, the acquisition added several high-profile customers to 360Commerce's list, including Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. and Build-A-Bear Workshop Build-A-Bear Workshop (NYSE: BBW) is an American retailer that sells customizable teddy bears and other stuffed animals. Build-A-Bear is the largest of the create-your-own animal chains with the other companies in the business consisting of regional and/or locally-owned . 360Enterprise(tm) Workforce Management is an easy-to-learn, easy-to-use J2EE application A J2EE application or an enterprise application is any deployable unit of J2EE functionality. This can be a single J2EE module or a group of modules packaged into an EAR file along with a J2EE application deployment descriptor. that enables retailers to increase sales by providing better customer service, reduce labor costs and increase employee satisfaction. Best-of-breed features, including a centralized deployment model, real-time performance alerts and unique Warm-Start(tm) optimization, clearly distinguish 360Enterprise(tm) Workforce Management as the market leader among labor management solutions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2003 Retail Technology Study by Gartner and RIS RIS rabies inhibiting substance. News, labor scheduling is fourth on retailers' lists of top planned technology implementations. The study also shows that 45% of retailers saw payback on their labor scheduling implementation within a year or less. Labor costs, which typically run from 7-20% of sales, is a retailer's largest variable cost. If managed properly, it can become a strategic asset and provide large-scale savings that positively impact the bottom-line, and the right workforce management tool can rapidly deliver a high ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . According to an April 2003 report by AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research, "Stretched Store Operations Find Relief With Workforce Management," "Any retailer being stretched in different directions by conflicting priorities concerning labor costs, service levels and employee satisfaction should look to workforce management systems to help alleviate the pain. While these systems certainly aren't a cure-all, companies have reported success in using the applications to get closer to their cost, service and employee retention goals. Workforce management should be a vital component of every retailer's high-performance store management strategy." "This acquisition is part of 360Commerce's overall strategy to provide the most comprehensive suite of Java-based store and enterprise optimization solutions on a single platform," said Charles Boyd, 360Commerce's chief executive officer. "After an exhaustive search, we decided that Simplified's vision, technology and customer service approach was the most complementary to our own." Because the acquired solution is built on J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. technology, integration to 360Commerce's Java platform Running Java programs under the Java Virtual Machine (JVM). Java "platform" refers to the running of Java programs versus Java itself, which is a programming language. Java programs are machine independent and run intact on any hardware platform that has a Java interpreter (JVM). will be rapid and seamless, allowing 360Commerce to offer the solution immediately to current and prospective customers. "We are pleased to join the 360Commerce team," said Brian Hopcraft, president of Simplified Workforce Solutions. "360Commerce is a power player in the store and enterprise software solution market. We have brought to the table the most powerful and easy to use labor management solution available." About Simplified Simplified Workforce Solutions Inc. is the world's foremost provider of workforce management software and solutions for market leaders in the retail, chain drug, quick-serve restaurant and healthcare industries. Since its founding in 1999, Simplified has helped retail companies address the challenge of effectively staffing their stores to maximize customer service, control labor costs and reduce employee turnover. Simplified's unique suite of products are designed to provide the industry's most comprehensive workforce management solution. About 360Commerce From the point-of-service to the back office and across the enterprise, 360Commerce's J2EE solutions capture and leverage operational intelligence in real time to provide retailers with competitive advantage. The vendor with more Java store systems customers than any other in the retail market, 360Commerce's industry-leading technology empowers retailers to increase profits through operational excellence and best-in-class customer service. Leading retailers on 360Commerce's customer list include Apple, Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). In early 2007, the first location to be opened in Canada will be at the Vaughan Mills mall in Toronto. , Circuit City, Cole National, The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , Gap Inc., KB Toys and Kinko's. 360Commerce products include 360Store(tm) Point-of-Sale, Unleashed(tm) POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale , Back Office and 360Enterprise Central Office and Workforce Management. On the Net: 360Commerce site: http://www.360Commerce.com Simplified Workforce Solutions site: http://www.simplelabor.com Trademarks: 360Commerce, 360Store, 360Enterprise and Unleashed are trademarks or registered trademarks of 360Commerce Inc. Java is a trademark of Sun Microsystems Inc. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion