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RetailNext Drives Retail IoT Market Expansion in APAC Region with Singapore InvestmentsSAN JOSE, Calif., Aug. 24, 2016 /PRNewswire/ -- RetailNext Inc., the worldwide expert and market leader in IoT retail analytics for optimizing shopper experiences at brick-and-mortar retail stores, today announced new organizational investments and a continuation of its expansive growth in the Asia-Pacific region. Logo - http://photos.prnewswire.com/prnh/20140113/CL44102LOGO Strategic Equity Investment "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 suerior 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 "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." About RetailNext More than 300 retailers in over 60 countries have adopted RetailNext's analytics software and retail expertise to better understand the shopper journey in order to increase same-store sales, reduce theft and eliminate unnecessary costs. RetailNext is headquartered in San Jose, CA. Learn more at www.retailnext.net. About EDBI RetailNext Inc. and RetailNext are trademarks of RetailNext Inc. in the United States. |