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Avorcor Technology Acquisition

SALT LAKE CITY, May 29 /PRNewswire/ -- Retail systems software and services provider, Alpha Bay Corporation, today announced that it has completed the technology acquisition of Avorcor, a privately held company in Sterling, VA that offers a Service Oriented Architecture (SOA) based technology that optimizes the supply chain process for retailers through web-based services. The acquisition represents a strategic move for Alpha Bay to continue to offer the "best-in-class" technology solutions for the retail systems market place within their Adaptive Integrated Retail System -- AIRS(TM).

SALT LAKE CITY, May 29 /PRNewswire/ — Retail systems software and services provider, Alpha Bay Corporation, today announced that it has completed the technology acquisition of Avorcor, a privately held company in Sterling, VA that offers a Service Oriented Architecture (SOA) based technology that optimizes the supply chain process for retailers through web-based services. The acquisition represents a strategic move for Alpha Bay to continue to offer the "best-in-class" technology solutions for the retail systems market place within their Adaptive Integrated Retail System — AIRS(TM).

Jack Blount, CEO and Chairman of Alpha Bay, stated, "The acquisition of Avorcor's technology marks an important step for Alpha Bay. We believe that the seamless integration of this proven SOA-based technology within the AIRS suite will enable us to broaden our product offerings from point-of-sale, perpetual inventory, merchandising, and business intelligence to include warehouse management and procurement."

Elaborating further, JP Morgenthal, CEO of Avorcor stated, "In short, this technology allows users to rapidly deliver 'business activity monitoring' resulting in the direct improvement of their supply-chain. We are excited to be a small part of Alpha Bay's dynamic and robust solution."

Financial terms were not disclosed as part of the agreement between the organizations.

About Alpha Bay

Alpha Bay Corporation is a retail systems software and services provider that delivers 21st century technology solutions to multi-channel retailers. Whether customers purchase product in a traditional store, by catalog, or online, retailers must provide a seamless experience to stay competitive. Our software gives retailers the integrated, real-time data access they need to see where their inventory is, when they need it, across all channels of their business. This allows retailers to increase their revenues by raising the average order value, reducing out-of-stock situations, and dramatically increasing customer loyalty. For more information, visit http://www.alphabay.com.

About Avorcor

Avorcor is a Virginia-based software development company that is ushering in a new era of supply chain management — the optimization and execution of supply chain processes through web-based services. Founded in 2003, Avorcor is a private firm that provides retailers the ability to take advantage of the best practices that Service-Oriented Architecture (SOA) and an On-Demand delivery model provide, incrementally allowing these retailers to move toward a fully commercial off-the-shelf (COTS) environment. For more information, visit http://www.avorcor.com.

SOURCE Alpha Bay Corporation

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