Has the internet changed the nature of the way shopping occurs in stores these days? more
To a society fascinated with the process of buying and consumption, a great retail experience should be of significant importance; yet despite the fact that 90% of dollars are spent “in store,” the media are crowded with stories and analysis of “online experience” but scant mention is made of the ways in which we can improve the “in-store” experience for consumers.
Mar 31, 2004 - Fremont, California: Novitaz secures its first round of funding with Global Asia Partners, LP (GAPVC), and other private investors.
In addition, Ajoy Khanderia, General Partner GAPVC, joins Novitaz's Board of Directors. Ajoy has built several successful global businesses for large corporations, such as Harris Corporation, ItalCable, and ConvergeLabs, of which he was the founder and CEO.
This first significant round of funding will allow Novitaz to expand its operations both in the US and the Asia Pacific regions. It is of note that GAPVC has a strong Singapore-India-China strategy, as well as significant operational expertise in other emerging Asian countries. Additionally, this round of funding will allow Novitaz to accelerate its off-shore product development efforts for Novitaz's flagship CompSales product line. This important milestone is another step towards realizing Novitaz's mission, and an indication of the trust of professional investment community in Novitaz's team, technology and IP, and its explosive promise for the industry
About Novitaz:
Novitaz is a Silicon Valley based company founded by veteran enterprise software and retail industry experts. Its patent pending technologies will usher in a new era in CRM by enabling retailers to achieve significant increases in Comp Sales (comparable store sales, year over year) thereby realizing unprecedented levels of top line growth.
Source: Novitaz, Inc.
