In the US, private equity firm Rubicon Technology Partners has acquired a majority share in space planning and retail analytics firm Nuqleous. In conjunction with the investment, Ben Cronin has joined Nuqleous as CEO.
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Bentonville, AR-based Nuqleous, initially known as Rock Solid Retail, provides analytics and space planning automation software for more than 180 CPG brands worldwide, with a suite of applications including Shelf IQ, Retail Analytics and Presentation Builder. These are used to help clients' teams in sales, category management, replenishment, logistics and enterprise IT understand the state of their business, optimize retail execution, and accelerate growth.
The firm says the investment will allow it to accelerate product innovation and support its long-term growth objectives. Cronin (pictured) brings more than twenty years' experience in the retail and supply chain software sector, including serving as SVP of CPG at e2open. He replaces Garrett Levey and Bill Kloza, who have served as co-CEOs of Nuqleous since 2023 and who will both continue to serve on the Board of Directors. Levey and Kloza said in a statement: 'This investment marks a powerful endorsement of the platform, people, and purpose we've built together. We couldn't be prouder of our team - their relentless focus on customer success and innovation has brought us to this milestone. With Rubicon's partnership and Ben's leadership, we're poised to scale our impact and deliver even greater value to the brands and retailers we serve.'
Web sites: www.rubicontp.com and www.nuqleous.com .
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