• Agilence

  Led · Equity · Mar 2015

  Agilence develops the 20/20 Data Analytics™ Platform, a cloud-based reporting solution that provides retail and restaurant organizations with a complete view of their business. The platform integrates POS, ERP, supply chain, promotion planning, and loyalty management data to enable analyses from global “what if” queries down to single-location anomaly detection. Users across ranks — from store managers to CFOs and CEOs — run role-relevant reports to increase sales and eliminate losses. Founded in 2006 and led by president and CEO Russ Hawkins, Agilence positions itself as an industry leader in data analytics and reporting for retail and restaurant organizations. The company received debt financing from Accel-KKR Credit Partners and intends to use the funds to accelerate growth. The amount of the financing was not disclosed. Agilence develops the 20/20 Data Analytics™ platform to deliver cloud-based reporting and insights for retailers, restaurants, and pharmacies. The platform includes industry-specific products—20/20 Retail™, 20/20 F&B™, and 20/20 Rx™—that evaluate performance across the sales cycle and support compliance. Agilence serves more than 118 brands and covers over 35,000 stores, with customers such as Rite Aid, L Brands, Panera Bread, and BJ's Wholesale Club. Its analytics are used to identify patterns in point-of-sale data to increase efficiency, improve margins, and reduce losses. The company says the new capital will be used to further develop its reporting solution and expand its product offering. Agilence is headquartered in Mount Laurel, New Jersey. Agilence develops 20/20 Data Analytics™, a family of cloud-based reporting solutions that provide organizations with a view of their business to make informed decisions, increase efficiency and improve profit margins. The company's product is aimed at retail and food & beverage organizations and has been implemented by over 50 such organizations in the U.S. over the last 18 months. Agilence is led by President & CEO Russ Hawkins. The firm plans to use new funding to enhance product development, improve sales and marketing, and expand its support team. Management intends to use the capital to drive further growth in the retail sector and expand into additional food & beverage markets. The article reports a $6m financing to support these initiatives. Agilence provides SaaS exception-based reporting solutions aimed at retail loss prevention and operations, offering a cloud-based product called Retail 20/20 that surfaces daily-store operational issues. Retail 20/20, launched in 2013, is designed to give visibility into store operations to reduce fraud and operational inefficiencies. The company was founded in 2006 by CEO Russ Hawkins and is based in Mount Laurel, NJ. As of the article, the application had been adopted by 35 retailers, with 20 of those joining in 2014. Agilence intends to use newly raised funds to continue growing operations, add new features and functionality, and expand its sales, software development and support teams. The company’s immediate plans focus on product development and hiring to support broader customer adoption. Agilence, Inc. is a Camden, N.J.-based developer of intelligent loss prevention solutions for retailers. Its platform enables retailers to identify point-of-sale losses caused by operational errors, promotion execution issues, systemic errors, and associate fraud. The company says these sources of loss directly impact organizational profitability. Agilence secured funding to support continued product development and go-to-market efforts. The article reports the company raised equity financing to accelerate product development, sales, and marketing.

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