Subscriber growth and product development to be supported by new financing
MOUNT LAUREL, NJ, March 11, 2015 – Agilence, Inc., the leading provider of SaaS based next-generation exception reporting solutions for retail loss prevention and operations, today announced that it has received $4.3 million in new funding to support the extraordinary growth the company has seen over the last two years. This round of financing was led by existing investor Laurel Capital Partners. New investor Drayton Park Capital and existing investors Granite Ventures, Next Stage Capital and Aster Capital also participated.
“Over the last two years we have developed, launched, and supported the market’s best exception reporting solution in Retail 20/20. We will be continuously adding new features and functionality, as well as adding to our top notch sales, software development and support teams,” said Russ Hawkins, CEO, Agilence, Inc. “This new round of financing will go a long way in helping us continue to develop and support Retail 20/20.”
Since launching Retail 20/20 in 2013 the application has been adopted by 35 industry leading retailers, with 20 coming on board in 2014. The new funding will allow Agilence to continue building the best-of-breed exception reporting and operational intelligence capabilities of Retail 20/20. The funding will also support continued growth through 2015 and beyond.
“I have had the pleasure of watching Agilence transform and grow into an industry leading provider of SaaS-based reporting tools,” said Jay Weber, Founding Partner, Laurel Capital Partners. “When the opportunity arose to lead their most recent round of financing the decision was simple. I am excited to see the evolution of Agilence and Retail 20/20 continue.”
Agilence (www.agilenceinc.com) is the industry leader in next-generation exception-based reporting solutions for retail loss prevention and operations. Agilence develops Retail 20/20™, a highly flexible and powerful, cloud-based reporting solution that provides visibility into daily store operations to reduce fraud and operational inefficiencies. Retail 20/20 provides users with a complete view of their business, empowering them to make informed decisions faster, to increase efficiency and improve profit margins across the enterprise. Founded in 2006, Agilence, Inc. is headquartered in Mount Laurel, NJ. To learn more about Agilence, please email email@example.com or call 856-366-1200.
Adam J. Creamer