RetailNext Inc., the worldwide expert and market leader in IoT retail analytics for optimizing shopper experiences at brick-and-mortar retail stores, announced new organizational investments and a continuation of its expansive growth in the Asia-Pacific region.
Strategic Equity Investment
As a critical enabler in driving business in the Asia-Pacific region, RetailNext has secured a strategic equity investment from EDBI, headquartered in Singapore.
“RetailNext is privileged to include EDBI among its equity growth investors,” said Alexei Agratchev, co-founder and chief executive officer of RetailNext. “The opportunity to bring EDBI into our business allows us to leverage not only its deep understanding of the Singapore and APAC regional operating environment, but also its extensive technology expertise and industry knowledge as RetailNext aggressively captures new business opportunities in the region’s retail industry.”
“As a leading player in its industry, RetailNext enables consumer business owners to gain valuable insights on their customers while providing them with superior shopping experiences,” said Swee-Yeok CHU, chief executive officer and president of EDBI. “Their integrated full-suite platform with advanced real-time monitoring analytics solutions will help improve businesses’ sales performance, productivity and operational efficiency. EDBI is pleased to support RetailNext’s growth strategies to extend its footprint in Asia as it builds its data innovation and software development activities in Singapore.”
Expanded Operations in Singapore
In partnership with Newstead, RetailNext has added @Notebook to its rapidly growing portfolio of retailing customers in the Asian-Pacific region. @Notebook operates a chain of IT concept stores across Singapore for brands like Asus, Dell, Lenovo and HP. “RetailNext is one of the most comprehensive retail in-store analytic solutions we’ve seen, and we’re proud to be RetailNext’s strategic partner in this region,” said Mindy Tan, chief executive officer at Newstead.
“RetailNext is strategically focused and committed to delivering its IoT solutions to retailers in the rapidly expanding Asia-Pacific region,” said Sin Hin Wong, head of APAC at RetailNext. “Store deployments have grown over 300 percent in the last twelve months, and the expansion opportunities have led RetailNext to more than double the size of its regional offices headquartered in Singapore.”
Learn more at www.retailnext.net.