Vivonet is pleased to announce its acquisition of Kingston, Ontario based DAS Software Inc., developers of web based retail POS.

The acquisition of DAS Software represents an expansion of Vivonet’s software as a service (SaaS) product suite and extends market presence in the North American specialty retail segment. The acquisition is consistent with Vivonet’s core strategy to enable, acquire and organize retail transactions and both companies share a vision of “democratized information for retailers.” Vivonet continues to evaluate technology and data companies that have a growing customer base and can differentiate their products in targeted retail segments.

DAS Software is a provider of web based multi location point-of-sale (POS) and integrated web store solutions for the North American specialty retail segment. DAS Software products include: SquashPOS Store System, SquashPOS Portable POS and SquashPOS eCommerce Website. Effective immediately, these products will be rebranded and sold as “HaloShop” under the Halo Secure Web Based POS brand.

As a part of the acquisition Vivonet will also be obtaining DAS Software’s 65 retail customers and will provide them with access to a broad suite of secure retail technology solutions, enhanced services and increased support coverage from an established industry leader. Over time, DAS Software clients will benefit from Vivonet’s extensive data warehouse and performance benchmarking experience enabling them to make better business decisions based on market context.

“DAS Software has proven to be a technology leader in web based POS,” states Ryan Volberg, Chief Executive Officer and President of Vivonet Incorporated. “In a tough economic climate, the combined Vivonet and DAS Software offering is an affordable alternative solution to the cash register for specialty retailers that want inventory solutions and an integrated web store functionality to expand their sales."

"Gartner (NYSE: IT) research tells us that 74% of North American retailers are using a cash register and a standalone payment terminal to run their business. This means that they have little or no inventory or web store functionality. Vivonet’s acquisition of DAS Software will enable us to extend our leadership position in an industry segment that needs new solutions to thrive in tough economic times. It is here where we see significant opportunities for financial and technological growth.”

“We are very pleased to join the Vivonet team,” comments Douglas Stewart, Vice President of Retail Product Development. “This acquisition is the perfect combination of Vivonet's corporate strength, marketing results and sales engine and our next-generation web-based technology. It represents an opportunity for explosive growth for Vivonet in the specialty retail segment.”Vivonet is North America's leader in the web-based Point Of Sale business growing at over 100% annually. Their mission is to enable, acquire and organize the world's retail transactions into the world's most trusted source of retail performance information.

About Vivonet

Established in 1999, Vivonet is a software a service (SaaS) solutions provider that enables, acquires and organizes millions of transactions every month for customers in the hospitality and retail sectors across Canada and the United States. Vivonet provides secure web based point-of-sale (POS), enterprise management, payment processing and performance benchmarking solutions for its clients. Vivonet’s unique ability to aggregate the transaction data their clients to benchmark their performance against other users and the industry at large – leading to better performance and higher business success rates.

For more information about Vivonet please contact Kevin Froese.