Leading Workforce Management Software Provider Reflexis Announces New Investment from Sageview Capital
DEDHAM, Mass., January 7, 2014-- Reflexis Systems, Inc., the pioneer and leader in real-time execution and workforce management solutions, has secured growth equity funding from private investment firm Sageview Capital LP. Founded in 2006, Sageview makes growth equity investments in small and mid-sized companies in North America and Europe. The investment and Sageview’s involvement in Reflexis will support increased product innovation, expanded sales and marketing resources, key leadership additions, and potential acquisitions.
For Sageview, the combination of Reflexis’ award-winning solutions, an outstanding client base of mid-sized and large retailers, high customer satisfaction ratings, and a passionate leadership team made for an attractive investment. “We are enthusiastic about partnering with the Reflexis team as they continue to provide best-in-class products and service and pursue additional growth initiatives. This investment aligns with our goal of providing capital to support the growth of software businesses that have a demonstrated track record of success and compelling vision for the future,” said Scott Stuart, co-founding partner of Sageview.
Founded in 2001, Reflexis provides real-time execution and workforce management solutions that enable retailers to drive excellence in their corporate, store, and vendor operations, improve compliance and profitability, and provide a higher quality of associate engagement with today’s increasingly demanding and knowledgeable shoppers. 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.
“Sageview’s unique set of competencies in the retail sector and demonstrable track record of guiding companies to scale dramatically made it the ideal partner for Reflexis,” said Prashanth Palakurthi, founder and CEO of Reflexis. “With this investment, Reflexis is well positioned to support retailers facing a rapidly changing business environment and provide comprehensive software tools that will make stores a more compelling experience for retail customers.”
In connection with the transaction, Sageview’s Scott Stuart and Jeffrey Klemens, a principal of the investment firm, will join the Reflexis Board of Directors.
About Sageview Capital
Sageview Capital LP is a private investment firm that makes growth equity investments in small and mid-sized companies, focused primarily on the technology, financial services, and energy sectors. The firm’s investments include Avalara, GoPro, EverBank Financial, and Exaro Energy III. The firm was founded in 2006 by Ned Gilhuly and Scott Stuart, both formerly partners of Kohlberg Kravis Roberts & Co. (KKR). Sageview has offices in Greenwich, Connecticut, Palo Alto, California and Stockholm, Sweden.
About Reflexis Systems, Inc.
Reflexis is the pioneer in real-time store execution and workforce management solutions that enable retailers to execute their customer engagement strategy flawlessly and uncover profit. The Reflexis platform of real-time store execution, task management, KPI/compliance, time and attendance, and labor scheduling (including budgeting, forecasting, and employee self-service) enables retailers to align store labor/activities to corporate goals and institutionalize best-practice responses to real-time metrics and alerts.
For the past 12 years, more than 180 of the world's best retailers in multiple vertical categories have reported dramatic improvements in store-level compliance with corporate strategies; higher productivity of corporate, field, and store employees; and increased revenue and profitability after implementing Reflexis workforce management solutions. Reflexis StorePulse™ (patent pending) synchronizes store-level activities with real-time KPIs, alerts, and customer demand. Stores can systemically execute best practices to provide a greater quality of customer engagement, leading to higher revenues.
Reflexis Systems, Inc. is privately held and headquartered in Dedham, Massachusetts and has offices in Atlanta, London, the Netherlands, and India. For more information, visit www.reflexisinc.com. Follow Reflexis on LinkedIn, Facebook, Twitter, and YouTube: LinkedIn | Facebook | Twitter | YouTube
Reflexis Systems, Inc.
David L. Andrews, 781-493-3351
Director of Marketing Communications
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Head of Operations, Europe
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