K3 Retail, provider of retail solutions based on Microsoft technology, has strengthened its relationship with Inter IKEA System B.V. (IKEA), the global home furnishings business, with IKEA naming K3 Retail as its sole outsourced provider of Retail ERP software packages for its franchisee network on a global basis.
After a comprehensive review of its global IT requirements, IKEA has decided that all its franchisees must adopt an IKEA standard IT platform. K3's retail software operation based in Holland is already IKEA's software partner of choice for 10 of its franchisees, with K3 having developed the IKEA Master Version of Microsoft Dynamics for these countries. IKEA's decision to move all remaining franchisees to a standard ERP system means the likely extension of K3's retail software solution into new territories over the next 36 months.
The standardisation of IKEA franchisees' IT platforms is expected to deliver phased revenues to K3 over the course of the next 36 months and will help to underpin the performance of K3's Retail Software Division over this time.
Andy Makeham, Chief Executive of K3, said, "Through our Dutch operations, K3 has a long standing relationship with IKEA, having developed, and owning the IP for, the IKEA Master Version of Microsoft Dynamics. Over the years, this relationship has deepened as our ERP software has been implemented across Western Europe, the Middle East, Asia and Australasia."
Makeham continued, "IKEA's decision to standardise its ERP platforms should significantly benefit K3. It is also a significant endorsement of both the quality of our software and service levels, and should help to underpin the performance of our retail software division over the next two or three years."
About K3 Retail
K3 Retail deliver multi channel solutions that enables retailers to create joined up shopping experiences for their customers whether they choose to buy on-line, direct or in-store. 18 years experience delivering award winning solutions, to more than 100 internationally recognised retail brands, has helped K3 Retail's team of retail consultants develop the most complete range of multi channel retail solutions available to Microsoft Dynamics AX or NAV users. As a Microsoft Gold Certified Partner and member of Microsoft's Partner Advisory Council for Retail, K3 Retail offers a clearly defined roadmap and proven products backed up by Microsoft's $2billion investment in the Dynamics platform.