Retail Companies Will Benefit from the Combined Expertise and Solution Offerings of SAP and Retek, Bringing New Levels of Functionality, Services and Integration to the Global Retail Industry Value Chain
WALLDORF, Germany, NEWTOWN SQUARE, Pa. and MINNEAPOLIS, Minn.- Feb., 28, 2005 - SAP AG (NYSE: SAP) and Retek Inc. (NASDAQ: RETK) today announced that SAP's North American subsidiary, SAP America, Inc., has signed a definitive merger agreement with Retek, bringing together the world's leading provider of business software solutions with a leading provider of software solutions and services to the retail industry. The Retek board of direc..
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