Agilence Closes Investment Round With NextStage Capital

Event-based Video Analytics Provider Secures Funding to Continue Expansion of Direct and Channel Sales

Mount Laurel, NJ - June 14, 2007 - Agilence, Inc., the leading provider of Event-based Video Analytics (eVA), announced today that it has closed an investment round with NextStage Capital as the lead investor. This first institutional round allows Agilence to build upon its initial success by adding resources to further expand and deploy its eVision suite of products.

The Agilence eVision platform synchronizes point-of-sale (POS) transactional data with digital surveillance video to offer store operations and security professionals a powerful way to combat inventory shrinkage due to cashier fraud and employee error – a problem that costs retailers over $37.4 billion annually (National Retail Security Survey Final Report, 2005). This integration of business analytics and image recognition technology allows companies to monitor performance and target specific events for investigation of theft, operational problems and training issues at the POS. As a customer service instrument, the platform can also be used to track customers to ensure they are receiving the best level of service possible.

"Our technology simultaneously incorporates image recognition, indexing and data extraction by utilizing high resolution video cameras, broadband connectivity and third party database integration," said John Sullivan, President and CEO of Agilence, Inc. "The Agilence platform provides the most advanced and effective way to leverage security and IT investments, regardless of the industry, to deliver intelligent, intuitive, real-time video analytics across multiple locations for organized retail crime, identity theft, inventory shrink, credit card fraud and customer segmentation."

Agilence currently provides its eVision suite of products for the retail, transportation and gaming industries through leading channel partners. The Agilence eVision suite of products includes: StoreVision, an integrated surveillance and auditing solution for retailers; TollVision, an audit solution for toll systems, integrating/auditing E-ZPass transactions, classification sensors, license plate images and toll road video; and V-Metrics (Video Metrics), a video content analysis software currently used for License Plate Recognition (LPR) to identify and validate license plates from any state or country on either stopped or moving vehicles.

“Under contract with the NJ Turnpike Authority (NJTA), Agilence has deployed TollVision on both the NJ Turnpike and Garden State Parkway as an audit tool for both the cash and E-ZPass lanes,” said Gregory Megow, Assistant Director, ETC Operations, at New Jersey Turnpike Authority. “NJTA considers Agilence a technology solutions partner as we continue to automate our audit of NJTA revenue today and in the future. Agilence has proven to be responsive to our ongoing needs and provide a very positive level of support in this implementation. We will look to Agilence for future technological solutions to automate and improve our ability to audit additional operational processes within both roadways as we move forward.”

This new round of investment will fund the company's continued expansion into these markets, as well as targeting new markets that would benefit from this solution. Companies such as Bloomingdales, National Wholesale Liquidators Pathmark Stores, ShopRite Supermarkets and NJ Turnpike Authority currently top the client roster, reporting rapid return on investment.

“We use StoreVision as a tool to reduce internal and external theft,” said Robert Pidgeon, VP of Human Resources of National Wholesale Liquidators. “With StoreVision, we are able to review all sensitive events at any point-of-sale device at any or multiple locations throughout our entire chain. We are able to look at more transactional events in full context of associated video with less human intervention. We have seen a return on investment in well less than one year. If I left my current position, the first call after landing another job would be to Agilence to have them deliver StoreVision.”

“Agilence’s complex data gathering and querying capabilities are unique in that, unlike other solutions which only capture summary data with selective video, our solution perfectly synchronizes all the data with all the video all the time,” said Tom Bernetich, Executive Vice President of Sales at Agilence, Inc. “Our technology synchronizes and displays all information from a specific event, matching up the exact transactional data with the corresponding video capture. This combination – not just the video or just the data, but the combination of the two together – is what gives the viewer context and tells a more complete story.”

“Agilence’s visionary solution capitalizes on its strong technological foundation and the market’s growing sophistication in video analytics,” said Rob Adams, General Partner of NextStage Capital. “We were impressed with the quality and experience represented in the management team. Under the strength of their leadership, Agilence has established solid channel partnerships and a portfolio of customer installations that are already reporting rapid return on their investment.”

About Agilence, Inc.
Agilence, a privately held company headquartered in Mount Laurel, N.J., is the leading provider of Event-based Video Analytics (eVA). In Q3 of 2006, Agilence, Inc. acquired the assets of CA Technology, as well as the rights for Active Recognition Technology, to further extend the Agilence Event-based Video Analytic (eVA) capabilities. Today, Agilence Inc. provides solutions to the Retail, Transportation and Gaming industries. These solutions provide a measurable return on investment through the synchronization of transaction data (point-of-sale, toll plaza lane controller data, player tracking systems, etc.) and CCTV video streams. By doing so, it enhances context and auditing capability for the protection of corporate assets, as well as its customers and constituents. Agilence and its global network of partners have helped numerous customers worldwide manage their business assets more efficiently. For more information about Agilence, please visit www.agilenceinc.com.

About NextStage Capital
NextStage Capital, L.P. is an early stage venture capital fund focused on investing in undiscovered software and hardware technology and/or services companies in the Mid-Atlantic region. NextStage Capital’s investment approach is to find entrepreneurs with solid track records who offer a unique and powerful value proposition to customers in growing market sectors. In addition to providing strategic counsel, NextStage Capital offers its portfolio companies value-added recruiting services at no charge through its partnership with TWC, a recruitment process outsourcing (RPO) company with more than a decade of building management teams for many of the region’s most successful venture-backed companies. For more information on NextStage Capital, please visit www.nextstagecapital.com.