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Nebraska Book, Collegiate Retail to merge technology businesses

Published 02 March 2018

Nebraska Book (NBC) and the Collegiate Retail Alliance, owner of Ratex Business Solutions, have agreed to merge their respective technology businesses.

The merger will result in the formation of a new company: PrismRBS (Prism Retail Business Solutions). PrismRBS immediately becomes the most adopted campus-wide POS and ERP system serving higher education and the independent store marketplace. The transaction is subject to customary conditions and is expected to close April 1st, 2018.

NBC CEO Rick Bunka said: “NBC and RATEX both share a rich history of supporting retail in a highly complex college campus environment. The companies were on similar developmental paths and joining forces to achieve faster results made great sense.

“The announcement of RATEX utilizing the cloud-based PrismPOS technology highlights the benefits of the two companies working together toward a common goal. This combined effort will accelerate the delivery of new tools and technology with a greater focus on customer involvement in the development process.”

RBS interim CEO/chief financial officer Jeffrey Zayicek said: “Our work with NBC to bring PrismPOS to our customers showed tremendous synergy and a common mission between our two organizations.

“The merger will further the CRA’s mission of improving the ability of independent college stores to prosper, using cutting-edge technology to support their success.”

NBC technology SVP Jeremy White said: “The combined expertise of NBC and RBS will offer independent campuses an unparalleled solution to succeed. We are looking forward to working with the RBS team and our combined customers to make this a reality.

“This merger will further our vision to provide innovative campus-wide technology solutions.”

PrismRBS will be headquartered in Lincoln, Nebraska with a secondary location in Plymouth Meeting, Pennsylvania. NBC and RBS will continue to service their respective customers as they work together to form PrismRBS.

Source: Company Press Release