Fullsteam Acquires Retail Point-of-Sale Provider RICS Software
Fullsteam, a holding company acquiring software and payments businesses, announced today the acquisition of RICS Software, Inc. (“RICS”), a leading provider of point-of-sale and inventory management software for footwear and apparel retailers.
With its nearly four decades-long history, RICS serves small, medium, large, and enterprise retailers. The RICS platform offers mobile and traditional point-of-sale; powerful inventory management and reporting; and connectivity between retailers and brands through product catalogs, electronic ordering, and inventory availability. Using RICS, retailers benefit from real-time access to data from anywhere, streamlined operations, and lowered costs.
RICS was originally launched to meet the simple needs of a single shoe store in 1982. As the retail industry transformed, so did the business as it was acquired in 2007 from the founder by a group of investors led by serial entrepreneur David Becker (Chairman, Board of Directors). Later, Jason Becker (Chief Executive Officer) joined the company in 2012 to grow the Software-as-a-Service business model, deliver the product through the cloud, and create opportunities using the data collected within the platform.
“We are extremely excited about bringing RICS Software into the Fullsteam family of companies,” said Fullsteam CEO Michael A. Lawler. “In the Footwear and Apparel Retail industry, RICS delivers an exceptional product and support experience.”
RICS is headquartered in Indianapolis, IN. As part of the Fullsteam acquisition plan, Jason Becker will continue to lead the company’s day-to-day operations.
“We are thrilled to join the Fullsteam portfolio of SaaS companies and to be stronger for our employees, clients, and partners as a result,” Jason Becker said. “Fullsteam enables us to combine our best-in-class software with payments technology that strategically enhances our offering. In this case, 1 + 1 equals 4 and we are already experiencing transformational benefits.”
Fullsteam™ is a leading software and payments company headquartered in Auburn, Alabama. Fullsteam acquires companies and provides them with streamlined payments infrastructure and enhanced operational support in order to increase growth and improve profitability. Fullsteam is actively seeking further acquisitions across multiple software verticals.