Appriss Retail, an industry leader in retail performance improvement solutions, has announced the acquisition of LP Software, a leading developer of loss prevention and risk mitigation solutions. LP Software has a broad, diverse, and global customer base of more than 150 retailers, many new to the Appriss Retail family. This combination expands Appriss Retail’s premier analytics position in the market, as well as increases the resources and capabilities available to LP Software.
Established in 1998 in Chicago, LP Software is best known for its case management system (LPMS) and its compliance and store audit solution (CAMS). A strong brand name and a team with a wealth of experience in case/incident management solutions, LP Software’s products and expertise provide a complementary fit to Appriss Retail’s existing solutions, including Secure™ Store. Appriss Retail and LP Software already have a successful, jointly developed integration to build upon.
“The acquisition of LP Software allows Appriss Retail to serve 250 of the largest, most advanced retailers in the world,” said Krishnan Sastry, president of Appriss Retail. “We committed ourselves to deliver the most comprehensive retail analytics platform to help loss prevention and store operations executives to continue to improve the competitiveness and profitability of their companies. LP Software’s expertise in compliance and audits, in addition to their long-standing position in case management, will lead to further product innovation for our customers.”
“We are excited about the acquisition and the ability to combine LP Software’s expertise in case and incident management with Appriss Retail’s skills in artificial intelligence,” said Brian Eskra, president and CEO of LP Software. “This will enhance the ongoing service and value we deliver to our clients. In fact, we have compiled an extensive dataset of more than six million cases, which gives us deep insight into the fraud, compliance, and audit work space that will help drive future innovation.”
With more than 20 years of retail data science expertise, Appriss Retail’s Software-as-a-Service (SaaS) platform targets the retail Global 1000 and generates advanced analytical insights and real-time decisions that drive action throughout the organization, including operations, finance, marketing, and loss prevention. Its performance-improvement solutions yield measurable results with significant ROI among retail store, e-commerce, and inventory functions.
For more information, visit apprissretail.com.
