Reflexis Systems, Inc., a Dedham, Massachusetts-based provider of real-time execution and workforce management solutions, secured growth equity funding from Sageview Capital LP.
The amount of the transaction was not disclosed. In conjunction with it, Sageview’s Scott Stuart and Jeffrey Klemens, a principal of the investment firm, will join Reflexis’ Board of Directors.
The company intends to use the proceeds for increased product innovation, expanded sales and marketing resources, leadership additions, and potential acquisitions.
Founded in 2001 by Prashanth Palakurthi, CEO, Reflexis provides retailers with a platform to align their store labor/activities to corporate goals and institutionalize best-practice responses to real-time metrics and alerts.
It features real-time store execution, task management, KPI/compliance, time and attendance, and labor scheduling (including budgeting, forecasting, and employee self-service).
Customers include companies in the hospitality, government, and retail sectors such as The Home Depot, Staples, Delhaize America, Dick’s Sporting Goods, the Army and Air Force Exchange Service, the Pantry, Marks & Spencer, Barnes & Noble, AutoZone, and more than 180 others on five continents.
The company has additional offices in Atlanta, London, the Netherlands, and India.