Business Intelligence Firm Gets Investment Boost
On-demand business intelligence software OCO, Inc., has received $10 million in a Series C financing from investment funds managed by Highfields Capital Management LP, based in Boston, MA. The investment positions OCO to consolidate its first-to-market position in on-demand business intelligence.
OCO’s on-demand data integration and analysis software can dramatically reduce the time, cost, and risk associated with more traditional BI implementations. In just six weeks, OCO’s integrated solution takes any amount of data from any source and integrates, organizes and delivers it to desktops in reports and dashboards. OCO guarantees the results on a fixed-cost, fixed-time basis.
OCO has established a growing presence in the retail sector, where information systems may differ at store locations, corporate headquarters, and online merchandising operations. According to Dennis Hernreich, COO and CFO of Casual Male, “We chose OCO after considering other more traditional business intelligence solutions with significantly higher project costs and longer integration and deployment periods.” Casual Male Retail Group (CMRG), which has more than 500 stores in the United States, Canada, and England, credits OCO with helping to increase its profit margins by 3.5%.
For more information, visit www.oco-inc.com.