InComm Acquires SIRAS, Expands Portfolio of Integrated Products and Services to its Global Retail Network

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Aug 04, 2014, 09:00 ET

ATLANTA, Aug. 4, 2014 /PRNewswire/ -- InComm, a leading provider of integrated point-of-sale (POS) technology solutions to retailers, today announced it has enhanced its retail network connectivity by acquiring SIRAS.com Inc. (SIRAS) from Nintendo of America Inc. (NOA). SIRAS provides integrated POS services to retailers and manufacturers for tracking and authorizing sales and returns of products.

"This acquisition helps InComm further expand the portfolio of integrated point-of-sale solutions we offer our global retail partners," said Brooks Smith, InComm President and CEO. "We will integrate SIRAS' products into our existing asset control business and grow that business by utilizing SIRAS' extensive relationships with manufacturers and InComm's deep relationships with retailers. SIRAS will have the financial backing needed to expand existing services, address new customer needs, deploy new technologies and extend sales efforts."

Founded in January 1999 by NOA, SIRAS has created patented business methodologies for tracking products, validating return and warranty eligibility and creating dynamic product data analytics. SIRAS' mission has been to establish the SIRAS Electronic Registration product as an industry standard so retailers would embrace the process as an industry solution for product returns.

"As retail product management becomes more sophisticated and mission-critical, SIRAS is well-aligned with an organization like InComm, who focuses on providing integrated products and services to retailers to help improve their operational performance," said Kristin Secreto, General Manager, SIRAS. "Through InComm, SIRAS' integrated product solutions, patent portfolio and employee skills will be deployed to drive further growth and capabilities for retailers and manufacturers. Our intellectual property (IP) portfolio and value proposition can become even stronger and more strategic when joined with an industry leader like InComm, who will be able to realize the full potential of the inventions of the SIRAS team, especially in emerging areas such as RFID."

SIRAS will become a wholly owned subsidiary of InComm and will continue growing its operations in Redmond, WA. SIRAS services will continue uninterrupted during this transition.

About InComm
Leveraging deep integrations into retailers' point-of-sale systems, InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 points of retail distribution. Whether those consumers are activating prepaid products, paying bills, enjoying real-time discounts through a membership card, purchasing digital goods in-store or adding funds to an online account, InComm is there to provide unique gift-gifting opportunities, cater to on-the-go shoppers, deliver added value through loyalty programs and serve cash-based consumers. With 123 global patents, InComm is headquartered in Atlanta with a global presence in over 30 countries in North and South America, Europe and the Asia-Pacific region. Learn more at www.incomm.com or connect with us on www.twitter.com/incomm, www.facebook.com/incomm, www.linkedin.com/incomm or www.incomm.com/blog.

About SIRAS
SIRAS (www.siras.com) is the pioneer in Electronic Registration (OmniTrace™) and comprehensive return-validation methodology (ReturnFlex™), which allows participating retailers and manufacturers to optimize their retail business operations, and to provide customers with a seamless omnichannel experience. SIRAS helps clients improve customer satisfaction, protect and elevate their brands, track products, reduce returns and fraud, protect inventory, recover stolen products, identify counterfeit goods, validate warranties and improve forward and reverse logistics operations. By tracking each product throughout its sales lifecycle by its unique "fingerprint" rather than by customer data, SIRAS respects and preserves consumer anonymity. SIRAS provides valuable tools for its manufacturing, retailer and law enforcement partners to optimize operations, resolve investigations, improve visibility, business intelligence and forecasting, and improve the consumer experience.

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SOURCE InComm