MAS acquires fashion IT consultancy attune
View(s):Top Sri Lankan apparel manufacturer MAS Holdings will be spending US$ 20 million on attune, an IT consultancy focused on the fashion and lifestyle segments of the apparel sector, according to a statement issued by attune.
Further, the statement also revealed that attune would merge with wholly-owned MAS subsidiary Sabre Technologies, which specialises in software services for the cloud, mobile and other Web-based technologies.
It also noted that “attune was founded in 2006 and has historically focused on implementing SAP’s Apparel and Footwear Solution (AFS) for many of the world’s most recognised brands. Spanning five continents and 16 countries, the company has developed a unique expertise in SAP AFS and Retail best practices that allows it to reduce project costs, resource requirements and timelines”.
At the same time, the statement also quoted MAS Holdings Chairman Mahesh Amalean as saying; “Today’s leading brands face a highly competitive global market along with a growing reliance on emerging digital technologies to drive operational efficiencies and engage with consumers, partners and other stakeholders across the value chain. attune is in an ideal position to capitalise on this opportunity by delivering a full array of solutions and services to meet the needs of customers – from product design straight through to retail store shelves”.
Also highlighted for making the following comments was attune Chief Executive Vajira De Silva; “With this investment from MAS, we can now accelerate the development of additional services to help our clients address all of their technology challenges, across the entire value chain”.
(JH)
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