Retalix

Retalix Ltd. was an Israeli software company whose products supported the operations of grocery retailers, convenience stores, fuel retailers, foodservice businesses, and fast-moving consumer-goods wholesalers and distributors. The company developed, licensed, implemented, and supported applications spanning store-level operations and broader enterprise processes. Its portfolio included point-of-sale systems, retail operations software, customer-loyalty tools, supply-chain management, warehouse management, and transportation management. The business was founded in 1982 by Barry Shaked and Brian Cooper under the name Point of Sale Ltd. During its early years, it concentrated on software for grocery-store operations. In the late 1990s, it expanded beyond the individual store to include fuel and convenience retail and chain-level retail management. The company adopted the Retalix name in 2000 to reflect this broader scope. Retalix pursued an integrated retail-technology strategy. Rather than treating point of sale as an isolated application, it sought to connect store systems with headquarters operations, customer loyalty, ordering, distribution, warehousing, and transportation. This approach addressed the needs of retailers and wholesalers managing large networks of stores, distribution centers, fuel sites, and foodservice operations. The company expanded organically and through acquisitions, including OMI International in 2004 for warehouse and supply-chain capabilities, IDS in 2005 for wholesale-distribution enterprise software, and TCI Solutions in 2005 for store and headquarters management software. The company operated internationally from its headquarters in Ra'anana, Israel, with a North American headquarters in Plano, Texas, and offices in the United Kingdom, France, Italy, Australia, and Japan. Its software was reported to have been installed at approximately 70,000 sites in 51 countries. Customers and users included major grocery and convenience retailers, petrol-station operators, quick-service restaurants, foodservice distributors, and wholesale distributors. Publicly cited customer examples included Tesco, Carrefour, Delhaize, Morrisons, Sainsbury's, Woolworths, Coles, Food Lion, Costco, Walgreens, BP, Reitan, PetroChina, and Reliance, among others. Retalix was a public company from 1994 until 2013. Its ordinary shares traded on the NASDAQ Global Select Market under RTLX and on the Tel Aviv Stock Exchange. In November 2012, NCR Corporation announced an agreement to acquire Retalix for approximately $650 million, or $30 per share. The transaction was completed in February 2013, after which Retalix was delisted from both exchanges. Retalix therefore no longer operates as an independent public company; its technology and business activities became part of NCR's retail-related portfolio.

Retalix began in 1982 as Point of Sale Ltd., founded by Barry Shaked and Brian Cooper in Israel. Its initial business centered on software for grocery retailers at the store level, especially applications supporting checkout and day-to-day retail operations. This focus placed the company within the emerging market for computerized retail systems, where large food retailers were seeking more consistent control over pricing, inventory, checkout, and store processes. During the late 1990s, Retalix broadened its scope. It entered fuel and convenience retail and developed applications for managing retail operations at the chain level rather than only at individual stores. The company changed its name to Retalix Ltd. in 2000, signaling that its products had expanded beyond point-of-sale systems. Its strategic direction increasingly emphasized the integration of store systems with headquarters, distribution, customer, and supply-chain functions. Acquisitions were an important part of this expansion. In 2004, Retalix acquired OMI International, a provider focused on warehouse management and supply-chain management for the food-retail sector. In 2005, it acquired IDS, adding enterprise software capabilities for wholesale distributors. It also acquired TCI Solutions in 2005, strengthening its store and headquarters management and operations offering for grocery retailers. Alongside these acquisitions, Retalix introduced or expanded solutions for customer loyalty and ordering optimization. The resulting portfolio covered point of sale, retail operations, loyalty, supply-chain management, warehouse management, and transportation management. Retalix served grocery and convenience retailers, petrol-station operators, quick-service restaurants, foodservice companies, and food and grocery wholesalers. Its international presence included Israel, North America, the United Kingdom, France, Italy, Australia, and Japan. The company maintained its main headquarters in Ra'anana and a North American headquarters in Plano, Texas. Public descriptions of its customer base included major retailers such as Tesco, Carrefour, Delhaize, Morrisons, Sainsbury's, Woolworths, Coles, Food Lion, Costco, Walgreens, and BP, as well as regional and specialist operators. Retalix was publicly traded between 1994 and 2013. Its shares were listed on NASDAQ under RTLX and on the Tel Aviv Stock Exchange, where the company was included in major technology and broad-market indices at different times. In March 2006, the company restated results for its second and third quarters after accounting issues affected the reported figures, reducing revenue and earnings for those periods. By 2011, Retalix was described as one of the leading software vendors serving grocery retailers. Its reported scale included installations at approximately 70,000 sites in 51 countries. In November 2012, NCR Corporation agreed to acquire the company for approximately $650 million, or $30 per share. The transaction closed in February 2013, and Retalix was removed from NASDAQ and the Tel Aviv Stock Exchange. The acquisition ended Retalix's existence as an independent listed company and placed its retail-software capabilities within NCR.

• 2013

  Acquisition completed and shares delisted

  [1]Retalixen.wikipedia.org

  NCR completed the acquisition in February, after which Retalix was delisted from NASDAQ and the Tel Aviv Stock Exchange.

• 2012

  NCR announced acquisition agreement

  [1]Retalixen.wikipedia.org

  NCR agreed to purchase Retalix for approximately $650 million, or $30 per share.

• 2011

  Ranked among leading grocery-retail software vendors

  [1]Retalixen.wikipedia.org

  Retalix was described as one of the top four software vendors for grocery retailers and among the ten largest software vendors serving retailers.

• 2006

  Restated quarterly results

  [1]Retalixen.wikipedia.org

  The company restated its second- and third-quarter results because of accounting issues, reducing revenue and earnings reported for both periods.

• 2005

  Acquired IDS and TCI Solutions

  [1]Retalixen.wikipedia.org

  IDS expanded Retalix's enterprise software for wholesale distributors, while TCI Solutions strengthened store and headquarters management applications.

• 2004

  Acquired OMI International

  [1]Retalixen.wikipedia.org

  The acquisition added warehouse-management and supply-chain-management capabilities focused on food retail.

• 2000

  Renamed Retalix Ltd.

  [1]Retalixen.wikipedia.org

  Point of Sale Ltd. changed its name to Retalix to represent the expansion of its products beyond store-level point-of-sale software.

• 1994

  Became a publicly traded company

  [1]Retalixen.wikipedia.org

  Retalix began the period during which its ordinary shares were traded publicly on NASDAQ and the Tel Aviv Stock Exchange.

• 1982

  Point of Sale Ltd. founded

  [1]Retalixen.wikipedia.org

  Barry Shaked and Brian Cooper established the Israeli software company that would later become Retalix.

An integrated enterprise software provider for food, grocery, convenience, fuel, foodservice, and wholesale-distribution businesses, linking store-level systems with chain, supply-chain, and distribution operations.

• Retail software

  Point-of-sale systems

  Retalix's original area of activity was store-level point-of-sale software for grocery retailers. These systems formed the operational foundation of its broader platform, connecting checkout and store processes with other retail applications.

• Retail enterprise software

  Retail operations and headquarters management

  These applications supported the management of retail chains and their stores, extending Retalix's capabilities beyond individual checkout locations into headquarters and enterprise-level operations.

• Customer and merchandising software

  Customer loyalty and ordering optimization

  Retalix developed complementary applications for customer loyalty and the optimization of ordering. These products supported retailers seeking to connect customer-facing activity with replenishment and operating decisions.

• Supply-chain software

  Supply-chain, warehouse, and transportation management

  The company's supply-chain portfolio included warehouse management and transportation management, as well as broader supply-chain applications. These capabilities were particularly relevant to grocery retailers, foodservice organizations, and wholesale distributors.

• Convenience and fuel retail software

  Fuel and convenience retail software

  Retalix expanded into software for convenience stores and fuel retailers during the late 1990s. The offering addressed operations in environments that combine retail transactions, fuel activity, and distributed site networks.

• 2012

  Agreed to be acquired by NCR CorporationM&A

  Background

  Retalix had built an international portfolio covering point of sale, retail operations, loyalty, supply chain, warehousing, transportation, and wholesale distribution.

  Action taken

  NCR agreed to acquire Retalix for approximately $650 million, or $30 per share.

  Aftermath

  The transaction closed in February 2013, and Retalix was delisted from NASDAQ and the Tel Aviv Stock Exchange.

  Announced acquisition value. $650 million; $30 per share (November 2012 announcement)

  Source

• 2000

  Changed the corporate name to RetalixStrategy

  Background

  The company had expanded from store-level point-of-sale software into fuel and convenience retail and chain-level retail operations.

  Action taken

  Point of Sale Ltd. adopted the Retalix name to signal a broader enterprise software scope.

  Aftermath

  The Retalix identity was used for the company's international retail, supply-chain, and wholesale-distribution activities until its acquisition by NCR.

  Source

1. 1Retalixen.wikipedia.org