Tyco Retail Solutions has reached an agreement to acquire Creativesystems, a provider of advanced RFID solutions with primary operations in Portugal. Creativesystems supplies integrated RFID solutions and professional services that improve operational efficiency for retailers and manufacturers.
“Creativesystems’ innovative technology and capabilities will enhance Tyco‘s RFID-based product and services offerings,” said Nancy Chisholm, President, Tyco Retail Solutions. “This strategic investment reinforces our commitment to the European market and store performance solutions to better meet the quickly-evolving needs of our global customers.”
The combination of Creativesystems and Tyco Retail Solutions will accelerate delivery of RFID-based inventory visibility applications for retailers globally. Creativesystems is recognised for its flexible software development and easy-to-implement RFID solutions that effectively address specific needs of retailers and manufacturers. The company’s technical and professional services capabilities will complement Tyco Retail Solutions’ existing global RFID infrastructure and facilitate expansion of Tyco’s Truevue Retail Platform and associated item-level inventory visibility applications.
“We are excited to be a part of the Tyco Retail family,” said João Vilaça, CEO, Creativesystems. “Together, our aligned, customer-focused approach will offer unprecedented value to our retail and manufacturing customers.”
(Tyco Retail Solutions)