CipherLab Announces New Strategic Partnership with Petrosoft

Posted February 18, 2016

CipherLab has announced its new strategic partnership with Petrosoft, an end-to-end retail automation company. This partnership expands CipherLab’s distribution channel and market presence by leveraging Petrosoft’s end-to-end retail solutions as well as its sales, support, training and marketing expertise. The addition of CipherLab to Petrosoft’s product catalog enables the company to enhance its product offering with a trusted inventory scanning solution that integrates with its cloud-based back-office solution, C-Store Office.

With industry analysts reporting US shrink rates of as much as 2% of retail sales and an average of 8% in terms of out-of-stocks, technology enables retailers to control these operational risks which can make or break an operation. This partnership highlights the importance of data capture, exchange and integration with the retail platforms that fuel today’s retail ecosystem.

“We are excited to have Petrosoft as a Strategic Partner” says Luis Wu, Vice President and General Manager of CipherLab USA. “Using Petrosoft’s retail solutions with the CipherLab 9700 Series mobile barcode scanner, in-store operations are a snap to perform. Convenience stores, gas stations, and liquor stores can now easily track inventory, receive deliveries, place orders, and perform price checks using this total solution offered by Petrosoft. Retailers will realize great value with Petrosoft’s retail solutions and CipherLab hardware.”

“Our strategic partnership with CipherLab is a reflection of the proven value it delivers to our customers”, said Sergey Gorlov, President and CEO of Petrosoft. “Although Petrosoft integrates with the industry’s leading inventory scanning technologies, the CipherLab 9700 is the only inventory scanner included in Petrosoft’s product catalog. Our decision to add CipherLab to the company’s POS, made-to-order, back-office and fuel management technology is based on the company’s product reputation, value and ease of integration with C-Store Office, Petrosoft’s back-office solution”.

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