Nuqleous acquires New York software company

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by Talk Business & Politics staff ([email protected]) ago 0 views 

Bentonville-based software company Nuqleous has purchased New York-based software firm Interactive Edge, according to a Tuesday (Nov. 26) news release. Financial terms of the deal were not disclosed.

Nuqleous provides software for retail analytics and space planning optimization, while Interactive Edge offers a software platform for retail insights and reporting automation. According to the release, the combination of Interactive Edge with Nuqleous’ retail analytics is expected to help category management and sales teams, allowing them to provide higher-quality reports without adding costly resources. After the acquisition, Nuqleous has more than 100 employees.

“In today’s retail environment, category management and sales teams are being asked to deliver deeper insights across more retail partners with increasingly constrained resources,” said Garrett Levey, co-CEO of Nuqleous. “Interactive Edge’s XP3 BI Cloud platform has demonstrated extraordinary ability to solve this challenge, with customers reporting up to 80% reduction in time spent on data management and presentation creation. This allows teams to focus on driving growth instead of wasting time sifting through data manually to extract insights.”

The release shows the XP3 BI Cloud platform integrates with Microsoft Office to automate the creation of custom category reviews, line reviews and joint business plans.

Zel Bianco, CEO of Interactive Edge, said combining the two companies “creates something truly unique. While other solutions offer canned reports from single data sources, our combined platform will enable teams to automatically generate customized, data-driven presentations that use multiple data streams and adapt to each retailer’s specific needs. This level of automation and customization is unprecedented in the industry.”

Founded in 2013, Nuqleous has acquired multiple software companies this year, including Shiloh Technologies of Rogers, Canada-based SpringBoard Data Management, and Stoneham, Mass.-based TR3 Solutions.

In July 2023, Blue Ladder Capital, the firm Levey and Bill Kloza founded earlier last year, announced a $26 million investment in Nuqleous. As part of the deal, Levey and Kloza became co-CEOs.