Agilence Posts Significant Growth in First Half of 2009
When it comes to identifying retail shrink,
Agilence showing steady growth
Despite down economy, retail loss prevention solutions company
expands customer base by 50 percent
expands customer base by 50 percent
Camden, N.J. (July 21, 2009) — Agilence, Inc. continues to build momentum as a leader in retail loss prevention solutions with a strong first half of 2009. Key partnerships, ambitious product development and a 50 percent increase in customers underscore the company’s momentum.
The Agilence solution enables item-level, point-of-sale monitoring and analysis through patented, intelligent video search technology. Agilence helps retailers expose the “hidden shrink” often overlooked, including operational and systemic issues at the point-of-sale.
New Product Features
In early May, the company unveiled Agilence 3.2 Standard Edition – a highly scalable retail loss prevention solution for small to midsized retailers. This new product joined Agilence 3.2 Enterprise Edition and marks the beginning of an aggressive vision that includes an open standards platform for integration with all areas of retail operations.
In early May, the company unveiled Agilence 3.2 Standard Edition – a highly scalable retail loss prevention solution for small to midsized retailers. This new product joined Agilence 3.2 Enterprise Edition and marks the beginning of an aggressive vision that includes an open standards platform for integration with all areas of retail operations.
Employee Expansion
Furthermore, Agilence made key additions to its executive team. They hired Derek Rodner as Vice President of Marketing & Product Strategy in January, setting forth to increase exposure to retail customers in foreign and domestic markets. The company also added technology veteran Ed Parks as Vice President of Engineering to lead product development and quality assurance functions.
Furthermore, Agilence made key additions to its executive team. They hired Derek Rodner as Vice President of Marketing & Product Strategy in January, setting forth to increase exposure to retail customers in foreign and domestic markets. The company also added technology veteran Ed Parks as Vice President of Engineering to lead product development and quality assurance functions.
Partnerships and Funding
In June, while exhibiting at the NRF LP Conference, Agilence announced their partnership with national integrator, Bass Security. By working together, Agilence combines their precise shrink reduction solution with Bass Security’s expertise in physical security to provide state-of-the-art loss prevention capabilities.
In June, while exhibiting at the NRF LP Conference, Agilence announced their partnership with national integrator, Bass Security. By working together, Agilence combines their precise shrink reduction solution with Bass Security’s expertise in physical security to provide state-of-the-art loss prevention capabilities.
This was the second partnership in as many months for Agilence. In May, the company announced they were teaming up with Axis Communications as an Application Development Partner (ADP), enabling full integration with Axis’ entire network video portfolio.
These partnerships as well as additional funding validated Agilence’s position as a market leader for retail loss prevention solutions. In May, the company received additional Series B funding from Schneider Electric Ventures. This leading venture capital firm is sponsored by the Schneider Electric Group, which owns video and security systems manufacturer, Pelco.
About Agilence
Agilence develops intelligent loss prevention solutions that enable retailers to quickly identify shrink caused by cashier fraud, operational inefficiencies, and policy violations that directly impact the profitability of the organization. The Agilence solution can reduce cashier shrink by up to 80% and provide retailers with a 6-to-1 ROI in just 12 months.
Agilence develops intelligent loss prevention solutions that enable retailers to quickly identify shrink caused by cashier fraud, operational inefficiencies, and policy violations that directly impact the profitability of the organization. The Agilence solution can reduce cashier shrink by up to 80% and provide retailers with a 6-to-1 ROI in just 12 months.
Founded in 2006, Agilence, Inc. is headquartered in Camden, N.J. To learn more about Agilence, Inc., please visit www.agilenceinc.com or call 866-710-3792.
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Media Contact:
Bill Pavlou (for Agilence)
(215) 867-8600 x216
bpavlou@garfieldgroup.com