Retail software management platform Agilence in Mount Laurel was acquired by Cuadrilla Capital LLC, a software investment firm in Santa Barbara, Calif., the company announced Oct. 27.
Agilence will continue to be led by Chief Executive Officer Russ Hawkins, who has been with the company for 14 years.
Agilence is a retail data management and analytics software-as-a-service platform, which serves more than 200 leading grocery, pharmacy, restaurant and retail businesses by aggregating and analyzing transactional and operational data across brick-and-mortar and e-commerce channels, delivering insights at the customer, product and employee level to help improve sales, reduce costs and maintain compliance with internal policies and regulatory requirements.
“We are excited to partner with Cuadrilla during Agilence’s next stage of growth as we look to build upon our strong platform and continue to execute on significant organic and inorganic growth opportunities,” Hawkins said. “Cuadrilla’s partnership will enable us to invest even further to execute on our strategic roadmap and delight our customers.”
“We are impressed by the momentum at Agilence and thrilled to further the Company’s vision of serving as the trusted analytics platform for retail operations,” said Jonah Sulak and Vikram Abraham, co-founders and managing partners at Cuadrilla. “Agilence’s cloud-native, purpose-built SaaS platform is well positioned for continued growth, differentiating through its vertical-specific feature functionality, out-of-the-box deployment model and high degree of self-service capabilities. Agilence is led by an exceptional team and, as Cuadrilla’s inaugural investment, will be complemented by our commitment to investing in innovation to support increased scale and accelerated growth.”
Agilence is Cuadrilla’s inaugural investment since it launched in April 2021. Financial terms of the transaction were not disclosed.
Massumi + Consoli LLP served as legal advisor to Cuadrilla. Lincoln International served as financial advisor and Cooley LLP served as legal advisor to Agilence. Financing for the transaction was led by PNC Bank and Hercules Capital.
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