Retek Inc. - RETK- Profile

Retek Inc.. The Group's principal activity is to provide software solutions and services to the retail industry. The Group's software solutions enable retailers to use the Internet to communicate and collaborate with suppliers, distributors, wholesalers, logistics providers, brokers, transportation companies, consolidators and manufacturers that make up the global retail supply chain. Retek 10, the Group's integrated modular retail solution, is a combination of implementation strategies, technologies, services, software and support designed to optimize retail business performance, maximize customer satisfaction and minimize supply chain costs. The Group markets its software solutions worldwide through direct and indirect sales channels. The Group's operations are carried out in the United States and the United Kingdom. In November 2004, the Group acquired Syncra Systems Inc. Effective 11-Apr-2005, Oracle Corp acquired the Group. Produces, manufactures, provides software solutions and services to the retail industry