CANADA: Maple Lake expands with Satori Planning buy
Retail software specialist Maple Lake plans to increase its presence in Australia and the Pacific Rim after completing a deal to acquire Satori Planning Pty, its former distributor in the region.
The deal, for an undisclosed sum, incorporates the whole of the Australian and Pacific Rim operations under the Maple Lake Group, and provides the company with global accessibility and round the clock access.
"The acquisition of Satori is of strategic importance to Maple Lake and our customers," explains Mark Stone, Maple Lake CEO.
"Our client base has grown from a North American-centric base to a truly global environment with customers operating planning environments 24/7. The addition of in-house resources in the southern hemisphere really strengthens our commitment to both that territory as well as our global customers."
"This acquisition is a great way for us to improve support for existing clients and simultaneously increase the bandwidth to sign new clients," adds Chris Fegan, president of Satori Planning Pty.
Maple Lake's assortment planning and allocation solutions are used worldwide by companies such as Levi Strauss, Aeropostale, and The Arcadia Group to plan and manage inventory levels and optimise margins.
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