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Print Edition StoriesWednesday, March 3, 2010
Reflexis reels in $6M in debt, options cash
By Mass High Tech staff
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Dedham retail software maker Reflexis Systems Inc. has taken in $6 million in debt and equity options funding, according to federal documents filed yesterday.
While the filing with the U.S. Securities and Exchange Commission did not disclose backers in the new funding, Reflexis last raised a $10 million round of funding from Pequot Ventures, the direct private equity investment arm of Pequot Capital Management Inc., in July of 2006. At that time, Gerald Poch, senior managing director of Pequot, joined the board of directors of Reflexis. Poch is listed as a director on the latest filing, which counts three backers in the funding.
In early 2007, Reflexis won Barnes & Noble as a customer for its RetailAction software, to manage business in all of its stores. The company announced earlier this year that it was releasing a mobile workforce management platform product, that would allow a company to manage labor budgeting, forecasting and scheduling with time and attendance.
Founded in 2001, Reflexis counts among its customers Staples, The Home Depot, Food Lion and Dick’s Sporting Goods. The company has offices in London and a large development center in Pune, India.
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