Spencer Technologies thinks big with Certified Retail Solutions deal
US-based retail tech venture Spencer Technologies has acquired Certified Retail Solutions, a provider of end-to-end technology lifecycle services. Terms of the deal were not disclosed.
“Offline brick and mortar retail is under siege from e-commerce, creating an opportunity for the most innovative companies to set themselves apart in an ever-changing climate,” says David Strickler, President and CEO at Spencer. “If retailers can rely on a single vendor to service all their in-store technology needs, we can serve as a trusted partner and extension of their team, allowing them to devote more resources to navigating their business through this challenging period.”
The acquisition expands the company by 66 employees and it will also grow to service eight new countries in 2018. It will add three new distribution and staging centres, along with a new European Pin-Pad key injection facility. “We’ve been at this over 45 years, longer than almost any other company in this space. Our journey over the next five years will make us the most innovative, global retail services company in the industry and the go-to partner for retailers in today’s dynamic marketplace,” says Strickler.
"By leveraging our history, knowledge, infrastructure and technology, retailers will require virtually no oversite or management once Spencer is engaged. We believe our clients should focus their time looking forward instead of managing the day-to-day logistics of their store technology assets. With Spencer handling that aspect of their business, our clients have the comfort and confidence to reallocate their resources on mission critical, next gen ideas for their stores.”