Kerridge Commercial Systems (KCS) has announced that it has reached an agreement to acquire IQ Retail. Founded in 1986 and based in Stellenbosch, South Africa IQ Retail is a software development company that creates retail and ERP solutions. It is the leading POS solution in South Africa and is distributed through 160 business partners across the country. It has a long list of recognised brands in South Africa including PEP stores (1,200 branches), South Africa’s largest single brand retailer.
Kerridge continues targeted expansion
Kerridge continues to expand on two fronts. In the US it has acquired two business over the last two years, Mincron Software Systems and Dancik International. It also acquired Integrity in November 2016 another software development company. Like IQ Retail it had a long history of developing and deploying ERP solutions.
KCS seems to be acquiring legacy on-premises solutions in its target market. While this buys customer bases and software expertise one questions its long term future. It has several challenges that it needs to overcome especially with IQ Retail. The retail industry in the US and Europe is transforming itself with cloud-based solutions. NetSuite, Infor, Oracle and SAP are fighting for the hearts and dollars of the modern retailer. The risk for KCS is that the IQ Retail legacy platforms will not compete effectively in the future.
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