SAP AG announced Tuesday plans to acquire retail software maker Khimetrics, a privately held start-up that develops analytical pricing and forecasting technologies that will bolster SAP's presence among retailers.
SAP's pending acquisition of Khimetrics comes months after it lost a bidding war against Oracle for retail software maker Retek.
SAP plans to enlarge its retail software suite with Khimetrics' revenue management and pricing software. Financial terms were not disclosed and the deal is expected to close in January.
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