Agilence, Inc., a Mount Laurel, NJ-based provider of cloud-based analytics for store operations and loss prevention, received US$4m in financing.
Wellington Financial made the commitment.
The company will use the new capital to further grow the team and expand its products.
Led by Russ Hawkins, Chief Executive Officer, Agilence develops a reporting solution that supports the mission-critical needs of large retailers, grocers, pharmacies, and chain restaurant operations in the United States. Its 20/20 Data Analytics™ platform includes 20/20 Retail™, 20/20 F&B™ and 20/20 Rx™, three cloud-based reporting solutions that provide organizations with a complete view of their business to make informed decisions, to increase efficiency, and improve profit margins across the enterprise.