Polaris Retail Infotech Ltd, a wholly-owned subsidiary of Polaris Software, has partnered with computer major IBM, to launch Intellect Store, the first SOA-based Retail solution in India.

The latest solution was designed by the company, to tap growing Rs 28,000 crore retail industry in the country.

The company claims that the package - Intellect Store - is meant for retailers having any number of stores and offering any kind of merchandise. The solution helps retailers track both the stock as well as customers at all their stores simultaneously.  

PRIL, an established market leader in Retail Technology, said the solution package developed by company is based on the software platform of IBM.

The scrip of Polaris Software closed on Wednesday at Rs 66 on BSE, up 7% compared to previous close of Rs 62.  

The counter has made 52-week high and low of Rs 114 and Rs 26.