IT giant Microsoft has reached an agreement with Icelandic IT company LS Retail on purchase of its software. The software, Dynamics AX, is used for retail computer systems in 140 countries around the world.
Photo by Páll Stefánsson.
According to a press release from LS Retail, the agreement with Microsoft is the largest deal ever closed by an Icelandic software company. The purchasing price has not been revealed, ruv.is reports.
LS Retail states that Microsoft decided to purchase the Dynamics AX retail software after realizing that it is the best software solution in that sector worldwide, adding that up to 200 people had worked on the agreement on behalf of Microsoft for six months.