PerformanceRetail
Summary
AUSTIN, TX, February 9, 2004 - PerformanceRetail, Inc., the leading provider of web-based software for the small-box, high-velocity retail industry, announced today that it has secured $15 million in new funding to drive accelerated customer acquisition and market expansion initiatives. We believe that PerformanceRetail is poised for continued, rapid customer and revenue growth based on the strength of their offering, this management teams proven ability to execute and the overwhelming need for profit and efficiency improvements in the small-box retail market, said Nada. Providing state-of-the-art solutions to a marketplace plagued with older, less efficient point products, PerformanceRetail and its InSite* software and services offering, is uniquely positioned to drive improvements to the small-box retailers bottom line. To further streamline customer implementation cycles, PerformanceRetail also provides a suite of automated conversion programs that ease the retailers transition from legacy retail price book and back office applications to InSite. These sectors include digital communications and networking systems, Internet and eCommmerce infrastructure, semiconductors and optical components, enterprise and technical software, and medical devices and biopharmaceuticals.