The Palladium Group has sold Pace Retail Planning Software to Alvarez & Marsal

The Palladium Group (Palladium) has announced the sale of a product known as Pace Retail Planning Software in a competitive divestiture process to Alvarez & Marsal (A&M), a leading business consulting platform with a significant focus on the retail industry. Financial details have not been disclosed.

The Pace Retail Planning Software is a sophisticated, integrated planning application that extends Oracle-Hyperion solutions with merchandise, operations, and DC capacity and productivity planning.

A&M draws on a deep operational heritage and hands-on approach to deliver comprehensive performance improvement, turnaround management, business advisory and interim management services that produce meaningful and lasting results. The company applies its capabilities across industry sectors, with dedicated industry expertise in financial services, healthcare, real estate and the public sector in offices around the world.

Palladium is a leading strategy execution and performance management firm that delivers consulting services, solutions and tools to companies on a global basis. In early 2010, Palladium undertook a strategic realignment initiative, whereby it deemed certain technology assets to be non-core and fully divestible.

Oaklins' team in Boston assisted the seller in identifying a potential acquiror for its retail planning software technology and the associated employees, active contracts and intellectual property.