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Shoptrac Data Collection Systems Inc

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BUSINESS
May 3, 1994
ShopTrac Data Collection Systems Inc., a software developer based in Calabasas, has been acquired by Kronos Inc. of Waltham, Mass. Financial terms of the transaction weren't disclosed. Kronos, a publicly traded company, had revenue of $67 million in its 1993 fiscal year. ShopTrac, a closely held firm, was founded in 1984 and has annual sales of several million dollars, said Jourdi de Werd, vice president of Greif & Co., a Los Angeles investment banking firm that helped arrange the deal.
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