Published: 22 December 2004
Analyst(s): Ken Ruggles, Alexi Sarnevitz
Retek has acquired Syncra Systems in a move designed to extend the reach of its flagship retail application suite into broader Collaborative Planning, Forecasting, and Replenishment (CPFR) capabilities. The purchase by Retek gives Syncra much needed financial stability after facing many years of falling revenue, employee layoffs, and declining cash. Syncra customers should take relief that a white knight has saved the company from liquidation.
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