SPI, A Leading IT Services And Solutions Provider For Retailers, Expands Its Foothold As The 'Right Retail Partner' With The Acquisition Of ITR Software

This Acquisition Will Further Strengthen SPI's Customer Centric Suite of Retail Offerings

Atlanta, GA (Marketwired) - SPI, an award-winning retail IT services and solutions provider, announced today the acquisition of IT Resources, Inc. (ITR Software), a New Jersey based software and services company that provides merchandising solutions to the retail industry.

SPI's extensive retail solutions revolve around a domain of expertise, technology products, and IT services. The acquisition of ITR Software is of strategic importance to SPI. This partnership will continue SPIs' strong organic growth of current IT products and services. Together, the companies will add new solution offerings to existing clients, which will build a stronger portfolio.

Sid Mookerji, Global CEO and Co Founder said, "This acquisition is part of our 2015 strategy to cater to the evolving needs of retailers worldwide and to position SPI as a differentiated, end-to-end, global retail services and solutions provider." He continued, "Pairing ITR's extensive and affordable "best of breed" decision support systems for retailers of varying sizes and merchandising formats with SPI's 19+ years of retail solutions is a winning proposition to our current clients and future customers."

Joe Apprendi, President of ITR Software said, "SPI's global presence will greatly expand market opportunities for ITR's suite of decision support applications. The combination of SPI's extensive and successful service offerings with ITR's proven software capabilities will be a winning formula in the retail marketplace."

About SPI
Founded in 1994, SPI is a service provider of choice for some of the largest Retailers across the globe. Offerings include: IT Services, Application Development, Maintenance Services, and Package Implementation and Integration; Innovative Products and Solutions such as TFO (SPI's Vendor Collaboration product) and their Recovery Audit Solution. SPI also delivers BPaaS (Business Processing as a Service), combining technology and services to produce an outcome that is robust, predictable and repeatable. Our technology and back office solutions leverage innovative approaches to improve profitability and productivity of our clients. A few of our strengths are providing custom application development and maintenance, 24x7 support of applications and infrastructure, package implementation (Manhattan, Oracle Retek, Tradestone, SAP among others), systems integration, QA, and testing services.

www.spi.com

About ITR Software
ITR Software is an experienced software and services organization dedicated to providing merchandising solutions to the retail industry. ITR Software applies state-of-the-art technology to help relieve planners, buyers, allocators and buying office staff from tedious and frustrating traditional approaches. Our SPIN Analytics, Forecasting, Pre-season Assortment Planning, Purchasing, Allocation and In-season Merchandise Optimization facilities provide the retailer's staff with a "cradle to grave" merchandise performance tool. www.itrsoft.com

SPI, a leading IT services and solutions provider for retailers is a registered trademark of SPI, a leading IT services and solutions provider for retailers in the United States and/or other countries. SPIN and Buyer's Workmate are registered trademarks of ITR Software. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.