Toshiba Corp unit to buy IBM’s Retail Store Solutions for $850 mn

17 Apr 2012

1

Toshiba Corp yesterday said that it will pay $850 million (68 billion yen) to acquire IBM Corp's point-of-sale terminal business (POS), which has clients like Wal-Mart Stores and Toys "R" Us Inc.

Toshiba Tec Corp, a unit of Toshiba Corp will buy IBM's Retail Store Solutions (RSS) business, which offers retail point-of-sale (POS) solutions globally.

As part of the deal, Toshiba Tec will enter into a multi-year agreement with IBM in which Toshiba Tec will become an IBM Premier Business Partner for Smarter Commerce.

The agreement will ensure that IBM's portfolio of enterprise-level Smarter Commerce solutions and services, which extend from the corporate data centre to the local retail store, and Toshiba Tec's customer-facing retail store point-of-sale solutions are available to customers worldwide to meet the growing demand for multi-channel commerce.

IBM holds a 22 per cent share in the global POS terminal market while Toshiba Tec holds 7 per cent.

IBM's RSS had 2011 revenues of approximately $1.15 billion and has around 1,000 employees worldwide.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers