DMI acquires KnowledgePath
Bethesda, Md. – Enterprise mobile and Big Data solutions and services vendor Digital Management Inc. (DMI) has acquired KnowledgePath, a provider of mobile and omni-channel commerce solutions. With the addition of KnowledgePath, DMI offers an integrated solution set for enterprise mobility, Big Data, mobile and e-commerce.
DMI solutions integrate mobile strategy, user experience design, mobile application development, secure mobile and e-commerce, managed mobility services and Big Data analytics to help retailers drive revenue, activate alternate channels, improve customer relationships and increase productivity. KnowledgePath multichannel commerce solutions combine mobile commerce, mobile-enabled e-commerce and in-store mobile solutions, such as mobile POS and mobile clienteling.
KnowledgePath also integrates front-end commerce with back-end financials, warehouse management systems, CRM, inventory and ERP systems, unifying all product, customer and order/transaction data across all consumer sales channels to deliver a personalized shopping experience.
“According to Forrester, mobile commerce is expected to grow to $31 billion by 2016; that’s roughly 10% of the overall $300 billion ecommerce market,” said Jay Sunny Bajaj, president and CEO of DMI. “Today, enterprises understand that commerce is multichannel. This requires an integrated approach that combines mobile strategy, user experience design, secure mobile and Web commerce, Big Data integration to drive personalization, and secure management for devices, apps and data. Adding KnowledgePath to the DMI family places us in a position to offer our customers the only integrated solution that effectively addresses all these needs.”
Michaels reveals breach details; 2.6 million cards affected
Irving, Texas — Three months after the country’s largest arts and crafts chain revealed that its namesake and subsidiary stores had been hacked in what promised to be a major payment card security breach, Michaels Stores revealed late Thursday that 2.6 million cards were likely affected in the attack.
The data breach, which occurred between May 8, 2013 and Jan. 27, 2014, affected about 7% of all debit credit cards used at its namesake stores, said Michaels; its subsidiary Aaron Bros. had about 400,000 cards potentially affected across 54 of its stores.
The retailer was quick to point out that the security breach has been contained. It said that it has received “limited” reports of fraudulent payment card use, and that it is providing free fraud assistance, identity protection and credit-monitoring services to impacted customers.
The compromised data includes customer information such as payment card numbers and expiration dates. According to Michaels, there is no evidence that other personal information such as names, addresses or PIN numbers have been tapped.
"Our customers are always number one priority and we are truly sorry for any inconvenience or concern Michaels may have caused," said Chuck Rubin, CEO of Michaels, in a statement.
Nike adds Gilt.com CEO Michelle Peluso to board
Nike has elected Michelle A. Peluso to the company’s board of directors. Peluso is CEO of Gilt, an online shopping destination offering its members top designer labels at up to 60% off retail.
“Michelle’s leadership experience in marketing, branding, innovation, and digital media for global brands makes her an outstanding addition to our board,” said Philip H. Knight, Nike co-founder and chairman. “We look forward to her contributions to expand Nike’s position as the world’s leading athletic brand and industry innovator.”
Peluso served on the Gilt board of directors until her appointment as CEO last year. Prior to joining Gilt, she served as global consumer chief marketing and Internet officer of Citigroup from 2009 to 2013, and from 2002 to 2009, she held senior management positions at Travelocity.com, being appointed chief operating officer in 2003, and president and CEO in 2004. Prior to joining Travelocity, in 1999 she founded Site59, an online travel site, serving as its CEO until its acquisition by Travelocity in 2002. Peluso was also a director of OpenTable from 2008 to 2012.