The software company behind the widely used Retail Pro point of sale software has filed for chapter 11 bankruptcy protection.
According to a story from Multichannel Merchant, the Retail Pro parent company and a subsidiary Page-Digital filed bankruptcy re-organization on January 10, 2009.
According to the article:
Retail Pro has been struggling to survive over the past several years with declining sales and fewer annual maintenance renewals. On Sept. 5, the Securities and Exchange Commission filed securities fraud charges against Retail Pro and two of its former CEOs, as well as a former chief financial officer, for their roles in an accounting fraud scheme designed to falsely inflate Island Pacific’s revenues.
Retail Pro offers and integration to the Sage MAS 90 and 200 accounting software system. While it’s been some time since we’ve worked with it, the integration several years ago was fairly impressive with most data flowing seamlessly to the General Ledger and Accounts Receivable.
The other widely used solution for Sage MAS 90 and 200 is a Point of Sale solution which used to be offered directly by Sage themselves but has since been taken over by another third party developer.
Jack W says
April 24, 2009 at 2:10 pmI am a former Retail Pro customer. We are jumping ship as fast as we can. Good Luck, this company is doomed.
Jack W says
April 24, 2009 at 6:10 pmI am a former Retail Pro customer. We are jumping ship as fast as we can. Good Luck, this company is doomed.