IBM

Armonk, N.Y. -- IBM announced a definitive agreement to acquire Vivisimo, a leading provider of federated discovery and navigation software that helps organizations access and analyze big data across the enterprise. Vivisimo is a privately held company based in Pittsburgh. Financial terms were not disclosed.

IBM’s decision to sell its Retail Store Solutions (RSS) business to Toshiba TEC was the most significant announcement in the retail point-of-sale industry in the last 10 years, according to industry analyst Greg Buzek, president, IHL Group, Franklin, Tenn. The acquisition establishes a new company in which Toshiba will initially own 80.1% and IBM 19.9% for the next three years to aid transition and after which time IBM will relinquish its stake.

Milwaukee -- The Milwaukee office of Opus Development Corp. announced that T.J Maxx, Ulta Salon, Rue 21 and Charming Charlie’s will be the first tenants in the second phase of its Shoppes at Fox River retail development in Waukesha, Wis.

MINNEAPOLIS — Supervalu has made three new executive appointments following the departure of Sue Klug, president of its Albertsons Southern California division.

Dan Sanders has been tapped to head Albertsons Southern California, Keith Wyche will lead Acme and Brian Audette has been named president at Cub Foods.

By Thierry Costa, [email protected]

Armonk, N.Y. -- IBM announced a definitive agreement to acquire Varicent Software Inc., Toronto, a leading provider of analytics software for compensation and sales performance management. Financial terms were not disclosed.

Boca Raton, Fla. -- Office Depot said Tuesday it has joined Supplier Connection, a group of 15 large businesses committed to driving small business growth by simplifying access to their global supply chains.

Supplier Connection streamlines the application process for small businesses seeking to become suppliers to the group. Through the web-based portal, small businesses have the opportunity to present their goods and services to many large enterprises with the goal of winning contracts, expanding business and creating jobs.

BOCA RATON, Fla. — Office Depot has joined Supplier Connection, a group of 15 large businesses committed to driving small business growth by simplifying access to their global supply chains.