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Oracle Buys Advanced Visual Technology

Oracle Buys Advanced Visual Technology
Submitted by admin on 3 October, 2008 - 14:47.

Enhances Oracle’s Insight-Driven Retail Solution Suite with 3D Visual Macro Space Planning

Duncan Angove
SVP and General Manager, Oracle Retail

"On October 1, 2008, Oracle announced that it has entered into an agreement to acquire Advanced Visual Technology Ltd. (AVT), a leading provider of 3D visual macro space planning software. The transaction is subject to customary closing conditions and is expected to close in the second half of 2008. Until the deal closes, each company will continue to operate independently"

"As retail companies try to accommodate in-store services and localizations to provide a differentiated shopping experience, the optimization of retail floor space has become a top priority. AVT enables retailers to collaborate with their stores and supplier partners to design and plan retail floor space in real time with a current photo-realistic view of each store. AVT products help retailers improve store performance and compliance by aligning corporate goals with planning and execution across the chain, cluster, and store"

To read the full Press Release click here


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