Leading Apparel Retailer Selects Infoglide Software’s Solution for Retail Risk Management
Austin, Texas, January 11, 2006 – Infoglide Software Corporation today announced it has signed a licensing agreement with The TJX Companies, Inc. for its Retail Risk Management solution. The TJX Companies is the parent company of T.J. Maxx, Marshalls, HomeGoods, and other leading brands. The Retail Risk Management solution is based on Infoglide Software’s Bladeworks transactional business intelligence software and will be used across The TJX Companies divisions for retail loss prevention.
“Our solution provides a clear return on investment for TJX by identifying millions of dollars in previously undetected fraud risk,” said Tony Allen, vice president and business unit manager, Infoglide Software. “It enables The TJX Companies to reduce fraud and contribute to their bottom line. Not only is this a win-win for both of us, but for consumers as well. With margin pressures and stiff competition, shrinkage reduction is one of the few places that retailers can gain a competitive edge. ”
Infoglide Software’s solution for Retail Risk Management decreases retail loss by automatically discovering hidden relationships in returns transactions between individual customers, employees, and vendors and creating a multi-dimensional view of each customer, employee, vendor, and their activity. The technology is person-focused versus pattern-focused and can sift through large amounts of data in multiple databases uncovering suspicious connections between people and their specific transactional activity in near real-time.
Financial terms of the agreement were not disclosed.
About Infoglide Software Corporation
Infoglide Software Corporation (www.infoglidesoftware.com) is the leader in the emerging transactional business intelligence market. The company ranked #67 on the 2004 Inc. 500 with four/five year average annual sales growth of 387%. Infoglide Software provides a new generation of enterprise software that enables organizations to apply business intelligence in an operational environment by integrating real-time transactional data with remote and disparate historical data to achieve true enterprise intelligence. The company’s enterprise software, BladeworksTM, enables more accurate and informed decisions; streamlines operational processes; increases efficiencies and reduces operational costs; transforms data in real-time into useful and useable information; improves customer service and customer interaction; and drives more profitable relationships with customers. Bladeworks is used in business-critical applications including enterprise risk management, automated fraud detection, enterprise identity management, transactional CRM, compliance, enhanced data connectivity, and enhanced data mining. Current markets include financial services, information services, transportation, retail, e-business, insurance, government, and CRM. Incorporated in 1996, Infoglide Software is a privately held company headquartered in Austin, Texas.
Infoglide®, Infoglide Software®, Infoglide Software logo, and Bladeworks® are registered trademarks of Infoglide Software Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.