Retail Cloud Technologies is the name of a new retail software solutions company created by Dallas entrepreneur Chad Willis and software developer Michael Mauerer.
The pair launched Retail Cloud Technologies to produce totally mobile and cloud-based software solutions for retailers based on technology acquired from Teamwork Retail, LLC. Based on the terms of the acquisition, the software itself will retain the Teamwork Retail name. Mauerer will serve as CEO and oversee all day-to-day operations. He will co-manage the company along with Willis to ensure Teamwork Retail, a product of Retail Cloud Technologies, becomes the premier cloud and mobile retail solution in the market, according to the company.
Already deployed internationally in more than five countries, the Teamwork Retail software embraces the omni-channel concept which merges the physical stores, with the web into one holistic customer experience, according to the company. The software is said to be more than just point-of-sale because it enables retailers to control inventory, merchandising, replenishment, purchasing, receiving, distribution, customer management, order entry, stored value services and payment processing and all in real-time.