Sale to
February 2011
GeoVue, a provider of location intelligence and modeling solutions for retailers and service companies, has been acquired by Versata, a provider of ERP and enterprise software solutions.
- Versata will operate geoVue as a standalone entity
- Integration will begin with Versata’s Customer Success program, designed to emphasize Versata’s intense focus on successful customer relationships and alignment of investments with customer priorities
About GeoVue
geoVue is the leading provider of location optimization and modeling solutions for retail, restaurant and service-based chains and franchises seeking to maximize return on capital investment. geoVue’s solutions automate and improve the store development process, from ranking, prioritizing and selecting markets, to opening new locations, to closing underperforming locations. geoVue’s deep domain expertise has helped leading chains nationwide optimize store networks and maximize ROI.
About Versata
With a global presence covering 45 countries, Versata Enterprises solves the most complex business problems for the world’s largest organizations. Versata Enterprises comprises a number of leading enterprise solution providers. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata’s market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides twice-yearly opportunities for customers to score Versata’s performance against commitments.
Transaction Details
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SectorsCorporate & Business Solutions
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ServiceM&A
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OwnershipInvestor-Backed
“The acquisition by Versata provides a powerful foundation for our products as they extend deeper into our clients and their processes. I think that our clients can capture even more ROI by changing how they think about solutions such as geoVue. Versata's innovative Customer Success program makes me comfortable that our client relationships will be in good hands.”