The funding round values the company at more than $1 billion. Sprinklr has raised $123.5 million to date.
BP has signed a contract with PerformanceRetail for the first phase of a global rollout of PerformanceRetail`s suite of web-architected applications and services designed for the convenience store industry.
BP has signed a contract with PerformanceRetail for the first phase of a global rollout of PerformanceRetail`s suite of web-architected applications and services designed for the convenience store industry, BP and PerformanceRetail announced today.
Implementation in BP c-stores will begin immediately. The companies expect the applications to go live in late fall at retail sites in the U.S. Midwest. Expansion throughout the U.S. and Europe is planned for 2002. Eventually, PerformanceRetail is scheduled to be implemented in BP company-operated stores worldwide and will also be extended to BP`s franchised network. The number such could be as high as 5,000.
Store managers will access the applications from browsers on PCs in the back office of each store, a PerformanceRetail spokesman tells Internet Retailer. The PerformanceRetail solution includes systems for merchandise assortment and space optimization, inventory control, sales processing, demand forecasting, price management, automated store replenishment modeling and financial planning and analysis. In addition, the solution provides complete virtual back office capabilities, human performance optimization tools and outsourcing services. The applications will reside on an ASP maintained by PerformanceRetail.
"The efficiencies PerformanceRetail affords will increase the quality and speed with which BP can interpret item-level data and hence adjust its retail offering -- providing the products and services its customers demand at the right time at the right place," said Gregg Burt, president and CEO of PerformanceRetail.
The companies did not disclose terms of the deal, although the spokesman says, “The value is significant. It’s in the multiple millions of dollars.”