Oracle (NASDAQ: ORCL) and Retail Pro (OTC: IPIN), a leading provider of SMB specialty retail systems for Point-of-Sale and Merchandising, today, announced a long-term agreement to embed Oracle’s best-in-class database and Business Intelligence (BI) solutions within Retail Pro. The license agreement includes licensing Oracle’s database and Oracle BI for Retail Pro’s entire existing customer base of 9,000+ customers, operating in more than 30,000 stores in 75 countries around the world as well as a five-year term to license the solutions to new customers.
Retail Pro’s solutions are mission critical for its customers which range from single store retailers to very large multinational luxury store chains. A world-class database solution that could deliver unparalleled reliability, security and zero administration simplicity for both small customers and the ultimate in high availability and scalability for its largest customers was needed. By joining the Retail Pro application with the Oracle database, Retail Pro is now able to provide incredible value with a true “entry to enterprise” solution.
In evaluating potential partners for its BI solution, Retail Pro found that Oracle again stood apart from the crowd. With Oracle BI, Retail Pro will be providing a solution that delivers tremendous power in an easy-to-use embedded BI module. This is revolutionary in the SMB specialty retail solutions sector, and Retail Pro expects it to be a primary differentiator from the competition. This partnership is a definite fit with Retail Pro’s strategy of “Serious Software for Serious Retailers.” The robust feature set included in the Retail Pro product combined with Oracle’s embedded solution will provide a major competitive advantage over entry level systems like Microsoft RMS or QuickBooks. Retail Pro, with help from Oracle, is enabling a distinct opportunity for any retailer desiring a level of sophistication or aspiring to growth. Retail Pro BI will enable an independent retailer to benefit from the same powerful application deployed by Fortune 100 companies.
Retail Pro CEO Barry Schechter states: “We have been thoroughly impressed by Oracle’s ISV team. Their commitment to SMB and Oracle for Windows is very palpable. We have already received significant support in the form of our OEM agreement as well as both technical and financial development support. As we move closer to the release of our joint solutions and begin ramping up our marketing and sales activities, we are witnessing the same support and willingness to drive our successful product launch.”
Retail Pro with its embedded Oracle database is on track for its scheduled general release by the end of 2007. Retail Pro Business Intelligence, powered by Oracle BI (formerly Siebel Analytics) is expected to be released to Beta in the first quarter of 2008.
Oracle VP, ISV, Ron Huddleston states: “Retail Pro is a leader in their sector by any measure and is a poster child for Oracle’s commitment to ISV’s focused on both SMB and Windows. We are impressed with the team at Retail Pro and are big on our opportunity for significant mutual success.”
About Oracle
Oracle (NASDAQ: ORCL) is the world’s largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com.
About Retail Pro®
Founded in 1986, Retail Pro (OTC: IPIN) is a global leader in Point-of-Sale, Store Operations, Merchandising, Planning, Business Intelligence, and Payment Processing software applications for the specialty retail industry. For over 20 years Retail Pro has been helping retailers achieve their full potential by providing a unique, scalable, and reliable solution.
More than 45,000 customers in 73 countries have implemented Retail Pro, experiencing the incredible benefits it bestows upon any retailer … from a single store to prestigious, multinational enterprises. Currently translated into 18 languages, Retail Pro is serious software for serious retailers.
Retail Pro is delivered through a worldwide network of channel partners representing 40 countries. The company maintains offices in the United States, United Kingdom, Australia, Mexico, Italy, Poland and China. For more information, please visit www.retailpro.com.
Certain statements contained in this news release regarding matters that are not historical facts are forward-looking statements. These statements relate to future events or the Company’s future performance. These statements are only predictions. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed in the Company’s Form 10-K for the fiscal year ended March 31, 2007 and other risk factors identified from time to time in the Company’s filings with the Securities and Exchange Commission. IPIN undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.
TRADEMARKS
Retail Pro® and Synaro are registered trademarks of Retail Pro and may not be used without expressed, written permission.
Retail Pro
Tricia Skoda, 858-550-3351 (Investor Relations)
tskoda@retailpro.com