Electronics manufacturer Acuity Brands Inc. (NYSE: AYI) has acquired ByteLight Inc., a software provider for retailers.

The deal underscores how e-commerce continues to create M&A opportunities within the retail sector. Boston-based ByteLight provides LED integrated services that sync up with smartphones. The technology helps stores engage with customers and provide them with digital content, as well as indoor positioning, which alerts a phone's user to a particular product's location. 

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