Retail Solutions Secures $15,200,000 Funding Led by Investor Growth Capital

Mountain View, CA (PRWEB) September 28, 2010

Retail Solutions Inc., the leading solution provider helping consumer packaged goods (CPG) companies create value from operational downstream data, today announced it has secured a Series C round of $ 15.2 million in funding led by new investor Investor Growth Capital.

Investor Growth Capital is the growth-stage venture capital arm of Investor AB, the largest publicly traded investment holding company in Northern Europe with investment activities in North America, Europe and Asia. All existing investors, Venrock, Bessemer Venture Partners, Red Rock Ventures and SAP Ventures, also participated in the round. The company will use the financing to accelerate international growth and look for acquisition opportunities to further consolidate its market leadership.

Retail Solutions has grown very fast in the last few years and has become the uncontested leader in the Retail Execution Management and downstream data spaces, said Jonathan Golovin, Chairman and Chief Executive Officer, Retail Solutions. Many of our customers are now extending their early implementations to international, corporate-level roll-outs. This new round will help us accelerate international growth and provide our customers the assurance that Retail Solutions will be a global, long-term, strategic partner to them. We selected Investor Growth Capital in order to leverage their long-established global platform and deep relationship network in Europe and Asia.

Retail Solutions provides a unique Software-as-a-Service (SaaS) platform transforming downstream data, such as point-of-sale and inventory data by store, by day and by SKU into value-added visibility and actionable insights to help CPG companies transform the way they work with retailers. Today, more than 350 CPG companies, including 20 of the top 25 global CPG companies, trust Retail Solutions to support their Retail Execution Management projects across more than 30 international retailers.

Retail Solutions is well positioned for success in the years to come, commented Noah Walley, Managing Director of Investor Growth Capital. The company has built successful relationships with most of the largest companies in the industry and is driving real awareness for the value that can be unlocked by retailers and consumer packaged goods manufacturers who jointly collaborate on downstream data. The management team has proven its ability to both generate sustained organic growth and successfully integrate acquisitions. We are very enthusiastic to be leading this new round of funding.

As part of the round, Walley will join Retail Solutions Board of Directors.

We are now in a great position to consolidate a fast-growing market, added Peter Rieman, Executive Vice-President, Retail Solutions. Retail Solutions has already achieved financial stability, with a positive net income each and every month of 2010 while growing at a 40% pace. This new funding will enable us to accelerate the pace of acquisitions to complement our organic growth and strengthen our International market leadership in the Retail Execution Management space.

About Retail Solutions Inc.

Retail Solutions powers Retail Execution Management. Retail Solutions develops and delivers a comprehensive suite of Software-as-a-Service (SaaS) solutions that turn downstream data, such as point-of-sale (POS), supply chain, merchandiser feedback and customer loyalty data into actionable visibility into the store and onto the shelf.

More than 350 leading companies such as 3M, Abbott, Bausch & Lomb, Bayer, Colgate-Palmolive, Clorox, Heineken, HP, Kao Brands, Kraft, Nestl

Spartoo.com, the European Leader in Internet Footwear Sales, Secures 12 Million in Funding to Accelerate European Growth

Paris, France and London, UK (PRWEB) January 12, 2010

Spartoo.com, the European leader in internet footwear sales, has closed on a 12 million Series B round of financing to accelerate growth and reinforce its N

TabbedOut Secures $2.05 Million Series A Round Of Funding From NEA For National Expansion

Austin, TX (PRWEB) October 5, 2010

TabbedOut, the secure and innovative way to pay your bar or restaurant tab with a smartphone, today announced that the company has secured $ 2.05 million in funding from New Enterprise Associates, Inc. (NEA) in a Series A round of venture funding.

The funding, which follows a $ 750,000 angel round, brings the companys financing to $ 2.8 million in total. The round will be used to extend lighthouse markets onto a national stage, continue to build out the companys hospitality partner network, and enhance TabbedOuts breakthrough mobile payment technology.

The TabbedOut product works with existing point-of-sale systems removing the need for merchants to purchase any new equipment while patrons are able to checkout without presenting a credit card and receipts are emailed to them afterwards.

NEA was an obvious fit because of their expertise in IT, mobile and security and were confident our collective efforts will bring TabbedOut to a city near you soon said Rick Orr, Co-Founder and CEO of TabbedOut. Weve already seen great adoption in our test markets and are looking forward to expanding into other areas where mobile payments will make life easier for merchants and their patrons.

As part of the funding agreement, NEA General Partner Scott Sandell and Venture Partner Jimmy Treybig will join the TabbedOut Board of Directors. Sandell focuses on information technology investing and has led NEAs investments in industry-leading companies like Salesforce.com, WebEx and Data Domain. Treybig, a Silicon Valley pioneer with extensive security expertise, is the founder and former CEO of Tandem computers and also served as Chairman of the Board of ClearCommerce and Whole Security.

In the rapidly expanding mobile payments market, TabbedOut is emerging as a leader in both innovation and security, said Sandell. The team has a tremendous depth of experience in security software and card payments, garnered at leading companies like Whole Security, MPOWER Labs and Symantec. Were thrilled to partner with TabbedOut as they scale their operations and really deliver on the potential of this incredible technology.

TabbedOut also recently brought on Kevin McKeand, former VP of Strategic Account Sales for AT&T Wi-Fi Services (acquired as Wayport in 2008), to serve as Vice President of Sales and Marketing. He is responsible for building the TabbedOut sales team across the U.S. and selling to new hospitality partners.

About TabbedOut:

TabbedOut is a product of ATX Innovation, a company focused on changing the payments paradigm for the hospitality industry in order to increase convenience and security. TabbedOut saves time and increases security measures in a fraud-prone industry while providing a better customer experience. The company is actively seeking additional hospitality partners to further enable its expansion.