Schaumburg, Ill.Palo Alto, Calif. - Jan. 18, 2012 - , a mobile marketing service for retailers focused on local productbrand availability. The funding will be used to advance the development of the service, accelerate integration into major retail systems,dramatically expand retailer coverage.
As the worlds of onlineoffline retail commerce merge, it has become essential for brick-and-mortar retailers to provide solutions that connect with consumers seamlessly both onlinein-store. Retailigence facilitates these connections by integrating with local retail systemsaggregating data. A retailer's highly actionable "available inventory" information then is distributed to shoppers with high purchase intent via applications utilizing Retailigence's services.
Retailigence information is demanded by mobile consumers using smart devices to find products locally for purchase. With the proliferation of location-aware applications, consumers now are equipped with sophisticated shopping tools that can be even more powerful when connected to existingemerging retail solutions.
"Motorola Solutions is an established leader in retail,we are very excited to be working with them to accelerate the adoption of our service throughout the retail industry," said Jeremy Geiger, founderCEO of Retailigence.
"The rising availability of shopping-assisted options across all shopping channels means that retail stores must be visible when shoppers are ready to buy," said Reese Schroeder, managing director of Motorola Solutions Venture Capital. "We believe that Retailigence is implementing critical technology that can help brick- and-mortar retailers remain fiercely competitive."
, released in December 2011, revealed that while shopper activityspend remains higher in-store than online, retailers need to continue to address the needs of the omni-channel shopper. Online purchases increased more than 18 percent compared to 2010,63 percent of surveyed shoppers with smartphones downloaded a shopping application.
Retailigence has grown rapidly since launching in late
2010. The service now has more than 10 million active
products that can be found at nearly 100,000 retail
locations across the United StatesCanada. The company also
is seeing great success in the Japanese market where it
recently launched with major Japanese ITtelecom
partners.
About Motorola Solutions Venture Capital
Motorola Solutions Venture Capital is the strategic equity
investment arm of Motorola Solutions. Its diversified
portfolio is focused on "new-idea" companiesopportunities
that complement Motorola Solutions' business strategy.
Motorola Solutions Venture Capital invests at all stages in
developing companies to accelerate access to new
technologies, new marketsnew talents. For more information,
please visit .
About Retailigence
Retailigence is a hyperlocal marketing platform designed
specifically to help drive qualified foot traffic into
local retail stores. Retailigence does this by distributing
a brand or retailer's product availability information via
a network of location-based application partners, used by
consumers who are close to finalizing their buying
decision. For more information, visit
About Motorola Solutions
Motorola Solutions is a leading provider of
mission-critical communication solutionsservices for
enterprisegovernment customers. Through leading-edge
innovationcommunications technology, it is a global
leader that enables its customers to be their best in the
moments that matter. Motorola Solutions trades on the New
York Stock Exchange under the ticker "MSI." To learn
more, visit .
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Tama McWhinney
Motorola Solutions
+1 847-538-1865
tama.mcwhinney@motorolasolutions.com
Retailigence Media Contact:
Peter Christianson
650-485-3456
peter@retailigence.com
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