Promising Austin-based retail software startup Starmount has been sold to business software company Infor, the company announced on Monday. Financial terms of the deal were not disclosed.
Infor, which is based in New York, is one of the largest suppliers of cloud-based "enterprise resource planning" software, which helps companies track things like inventory and transaction data.
Starmount sells mobile software that lets salespeople process transactions away from the cash register. Store employees are freed to interact with customers, as by using a handheld tablet and Starmount's software they can access a customer's transaction history, wish lists and pull up product information.
Founded in 2006 by retail industry veteran Joe Halloum, Starmount is backed by $13 million in venture capital. The company has 90 employees in Austin.
Kerry Nelson, vice president of marketing for Starmount, said Infor plans on keeping the Austin workforce in place, and is "actually planning on expanding it."
Some of Starmount's customers include Anthropologie, REI, Disney, Home Depot, Burlington Coat Factory and Abercromie and Fitch.
In a written statement, Infor said the acquisition is expected to enable Infor to accelerate delivery of its Infor CloudSuite Retail product, which is a set of enterprise applications for retailers.
"The market is littered with antiquated software built 20 or 30 years ago that just can't provide what modern retailers need," said Wade Gerten, vice president of customer experience and digital at Infor, in a written statement. "They want alternatives, built in the cloud, with native support for mobile. This acquisition will help Infor bring such solutions to market faster."
Starmount had recently reported that it had 41 percent year-over-year growth in sales revenue.
This deal is expected to close within the next 30 days.
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