Aptos to acquire LS Retail from Anchorage Capital Group.

Aptos, a retail technology solutions provider, agreed to acquire LS Retail, a developer and provider of all-in-one software solutions, from Anchorage Capital Group, a private equity firm. Financial terms were not disclosed. “The addition of a company of LS Retail’s caliber to the Aptos family allows us to better fulfill our mission of delivering tangible benefits to our customers and the retail industry we serve, as it broadens our knowledge base and resources, extends our vertical capabilities, and expands our geographic coverage. Upon the acquisition’s close, we look forward to providing Aptos’ full support, scale and capital resources to the LS Retail leadership team, allowing them to take the business to new heights,” Pete Sinisgalli, Aptos CEO.