News

Eneco Group invests in British smart data company ONZO

Sustainable energy company Eneco Group has acquired a minority interest in UK-based data analytics company ONZO, as announced by both companies today. This investment strengthens Eneco Group’s ambition to accelerate the energy transition by means of technology.

Data analytics software company ONZO, located in London, has developed a software platform that uses data generated by smart energy meters and IoT technology devices such as smart thermostats, to recognise and analyse home energy consumption. The company offers its software platform and service to energy companies around the globe who use the customer insight generated by ONZO’s technology to provide a personalised service to their customers. Energy companies can offer this service to their customers by means of an app. In combination with personalised energy saving tips, such as ‘consider replacing your old refrigerator with a more efficient model’, the app helps consumers to reduce their energy consumption at home. ONZO’s software is already deployed by utility companies in the US, Australia and Europe.

Joeri Kamp, managing director Smart Energy at Eneco Group: ‘Eneco Group aims to play a leading role in the progress towards the smart and sustainable energy home of the future. On the one hand by making our Toon thermostat platform the central ‘heart’ of this home and on the other hand by providing low-threshold and data-driven solutions, such as the smart-charging service developed by our subsidiary Jedlix. We believe that ONZO’s expertise will be of great value in this area. Furthermore, we will focus on how we can strengthen ONZO’s international position in line with our ambitions for the Toon platform.’

Steven Daniels, CEO of ONZO: ‘We have seen significant growth in customers using our technology as utilities around the globe look for new ways to differentiate from competitors, increase revenues and improve customer satisfaction. This transaction represents another significant milestone in ONZO’s journey to establish its platform as the world leader in energy data analytics.  The team at ONZO are extremely excited about the investment made by Eneco and the opportunity to be associated with such a forward thinking and progressive company. This investment provides ONZO with a significant platform to further enhance our product set and to grow our International business presence.”

At the same time ONZO received further significant investment and ongoing support from their existing investors, West Coast Capital and Cipio Partners.

ONZO and Eneco Group will not provide any financial details relating to this transaction.


TVSquared Raises $6.5 Million More

TVSquared has raised an additional $6.5 million, as the demand for TV measurement and optimization grows within the $202 billion TV ad industry. The round was led by West Coast Capital and The Scottish Investment Bank (SIB), along with existing investors.

Calum Smeaton, TVSquared’s CEO and founder, said:

“Global TV advertising is continuing to grow at an astounding rate because TV is the most effective marketing channel. With 87% of viewers watching with second-screen devices nearby, TV is now even more powerful as a primary driver of digital activity. This funding will help us continue to provide advertisers with the technology they need to optimize TV for the greatest response.”

Hundreds of brands, agencies and networks in 48 countries use TVSquared to improve TV campaign efficiency by 20-80% through measuring and optimizing TV, bolstering on-air spot performance, informing media plans and buys and realizing the total impact of TV.

According to David Briefstein, head of Comcast Ventures’ Accelerate program:

“TV is a powerful customer acquisition tool, and we work closely with our portfolio companies to properly infuse it into their marketing mix. By using TVSquared to measure the impact of our TV spend, we are able to quickly optimize media plans to drive rapid improvements in response metrics, and scale spend accordingly.”

Paul Davidson, managing partner, West Coast Capital, who led the funding round, commented:

“TVSquared’s technology is being used by some of the world’s biggest brands to disrupt and measure the effectiveness of the $202 billion TV advertising market. This funding round positions TVSquared for continued growth and secures a world-class technology and team for that growth.”

Chris van der Kuyl, TVSquared’s chairman, added:

“This funding round supports TVSquared at a time when it’s growing rapidly as the gold-standard TV optimization and measurement platform among advertisers across the globe. We want to thank our existing investors for their continued backing, and welcome SIB onboard at this very exciting time for TVSquared.”

About TVSquared

TVSquared provides same-day measurement and optimization opportunities for TV advertisers. With TVSquared’s timely insights into the “who, what, when and where” of TV, brands, agencies and networks proactively improve campaign performance. On average, TVSquared clients optimize campaigns by 25%, reduce cost per response by 25% and increase sales and registrations by 30%. The company is headquartered in Edinburgh, and has offices in New York, Los Angeles and London.

West Coast Capital Invests in TV Data Analytics Business

TVSquared has closed a $3 million investment round from both existing and new investors, including private equity fund West Coast Capital. This latest round brings the total raised to date by the global business to $5.5 million.

TVSquared’s platform brings same-day campaign measurement and optimization to the $180 billion global TV advertising industry. Underscoring its market lead, TVSquared’s technology is deployed at 350 brands in 46 countries, improving TV campaign efficiency by 20-80%.

TVSquared also announced Chris van der Kuyl as its chairman. van der Kuyl, a serial technology entrepreneur, leads a Board of industry professionals from the worlds of media, technology and investment, including Calum Smeaton (founder and CEO, TVSquared), Paul Davidson (West Coast Capital), Peter Kern (InterMedia Partners) and Joan Saywood (CFO, TVSquared).

Commenting on West Coast Capital’s investment, Davidson said:

“Data analytics is a space we understand extremely well and, in assessing TVSquared, we saw a compelling analytics technology capable of making significant ROI for clients. Compelling technology, an experienced team and a global play made this an exciting investment.”

van der Kuyl added:

“TVSquared’s technology is changing the way advertisers, across the world, leverage TV. It has two of the most important ingredients for success – the ability to disrupt a global industry and a proven team of talented people. As chairman, I look forward to helping TVSquared expand its footprint and realize further significant growth.”

Smeaton said:

“TVSquared has made TV an optimizable marketing channel and the industry is taking notice. The latest round of funding, combined with our technology, global team and Board, puts TVSquared in the perfect position to change the way advertisers measure and optimize TV forever.”

About TVSquared

TVSquared provides same-day measurement and optimization opportunities for TV advertisers. With TVSquared’s timely insights into the “who, what, when and where” of TV, brands, agencies and networks proactively improve campaign performance. On average, TVSquared clients optimize campaigns by 25%, reduce cost per response by 25% and increase sales and registrations by 30%. The company is headquartered in Edinburgh, and has offices in New York, Los Angeles and London.

DynamicAction Secures $15 Million in Latest Round of Funding, Forms Alliance with Accenture to Drive Forward Retail Industry with Advanced Analytics

DynamicAction, provider of the most advanced analytics solution specifically designed for retailers, today announced it has secured $15 million in new funding and entered into an alliance relationship with Accenture (NYSE: ACN). Lead investors in the round include Accenture and West Coast Capital.

Through the alliance agreement, Accenture will become a reseller and service provider for DynamicAction’s solution.  This complements Accenture’s analytics capabilities, which include the Accenture Insights Platform, a cloud-based, end-to-end analytics solution designed to simplify analytics and deliver real-time, actionable insights to businesses across industries.  DynamicAction becomes the newest addition to the portfolio of early stage technology companies in which Accenture has taken a minority ownership stake through Accenture Ventures.

“At the heart of Accenture’s strategy is the drive to continue to help clients be more agile in this competitive environment,” said Jill Standish, global managing director of Retail at Accenture.  “Our investment in and alliance with DynamicAction is unique, as it brings together Accenture’s deep retail delivery capabilities with a cloud-based analytics firm that is solely based on profit optimization.  The more challenging this market becomes, the more critical it will be for retailers to operate with the agility and speed of an industry leader like Amazon.  DynamicAction’s solution focuses on the retailer’s most pressing needs, which are to increase full-price sales, improve margins, curb the discounting addiction and capitalize on demand.”

DynamicAction’s top five retail clients experienced 91 percent full price sell through in 2015, and DynamicAction customers on average increased profits during the 2015 holiday season at a 27 percent higher rate than their revenue (which increased 11 percent YoY). The funding comes on the heels of rapid growth for DynamicAction, with revenue growing 172 percent YoY and retail client renewal revenue approaching 100 percent.

West Coast Capital, led by Scottish entrepreneur and philanthropist, Sir Tom Hunter, was an original investor in DynamicAction and continues to support the company’s mission of relentless innovation with this most recent investment. Existing investors also include London-based Frog Capital, global communications services group WPP and global growth investor ePlanet Capital. Built by a former retail CEO, former IBM Smarter Commerce Chief Strategy Officer, and former Chief Scientist at Amazon, the technology far exceeds retail big data solutions in the market, with more than 600 algorithms built specifically for retail.

“We are delighted to welcome Accenture as an investor in DynamicAction,” said Sir Tom Hunter. “Global retail is going through incredible change, and where there is change, there is opportunity. Data analytics will be at the forefront of that change, and DynamicAction’s world class software will help retailers navigate a more profitable path in the face of heightened competition.”

“We’ve had the unique opportunity to witness the world’s most innovative retailers, from Cole Haan to Tesco, improve their operational efficiency, their decision making paradigm and their profitability with DynamicAction technology,” said Paul Davidson, Managing Partner at West Coast Capital, and member of the DynamicAction Board of Directors. “This company has bucked the trend of hype-before-substance and managed to build a world-class product, with the top retailers in the world as clients, and truly revolutionize the way that retailers look at their metrics and run their businesses.”

Industry analyst Benjamin Gresham, Frost & Sullivan, agrees: “DynamicAction quickly established itself as a David amongst Goliaths. Competing with major players such as SAS, Oracle and IBM, DynamicAction has positioned itself as the solution that retailers desperately need.”

DynamicAction drives retail profitability and provides artificial intelligence-enabled analytics to retailers across the globe, including Tesco, Brooks Brothers, Sur la Table, Nine West and El Corte Ingles. With clients in 120 countries, Accenture helps nine of the top 10 retailers in the world solve the toughest challenges in retail.

“As we look to the future of big data in retail, Accenture and West Coast Capital have proven themselves as the frontrunners and trusted navigators of retail innovation,” said John Squire, Chief Executive Officer of DynamicAction. “This investment and alliance partnership with Accenture allows us to help the world’s largest retailers navigate the troubled waters of modern day retail. As they seek to create meaningful, long term relationships with their customers, and do so profitably, retailers will benefit from the strength of Accenture’s deep analytics insight and industry expertise, with DynamicAction’s unparalleled data science team, corpus of algorithms and data-driven infrastructure.”

New release of DynamicAction, integration and partnership with Demandware

DynamicAction also announced its latest product release, including new omni-channel features and usability enhancements – all designed to help retailers identify profit opportunities faster. DynamicAction’s software helps retailers more easily visualize and analyze opportunities and understand the relative size of the opportunity or problem. Opportunities are grouped by seven main categories for retailer merchandisers: conversion, inventory, profit, views, price, returns and order cancellations, and range.

DynamicAction also announced it is a certified Demandware partner, with a Demandware Certified Cartridge that automatically passes information about orders, products, inventory positions and customers to DynamicAction. The cartridge makes it easier than ever for retailers to implement advanced analytics capabilities, as eCommerce platform data now takes under an hour to deploy with DynamicAction.

ComCap LLC served as the exclusive financial advisor to DynamicAction.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 375,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About DynamicAction

Better decisions. Faster action. DynamicAction is the most advanced analytics solution specifically built for retail merchandising teams.

Connecting and analyzing millions of data points from every part of a retail organization, DynamicAction uses more than 600 proprietary algorithms that encapsulate hundreds of collective years of retail knowledge to pinpoint margin-eating disconnects in the business, prescribe the precise actions to take and accurately rank those actions by financial impact. Merchandising and eCommerce teams run more efficient organizations, sell more at full price, curb the discounting addiction, capitalize on demand and increase profit.

Retailers across the globe, including Brooks Brothers, Sur la Table, El Corte Ingles, Tesco, Nine West and Cole Haan, rely on DynamicAction to make better and more profitable decisions in order to get to action, faster.

Leading analyst firm Frost & Sullivan recently declared, “DynamicAction has Moneyballed retail. There’s a new way to run retail organizations—with a clear understanding of data and immediate actions to improve performance.”

Headquartered in Silicon Valley, DynamicAction has offices in London and Dallas.

Connect with us at www.DynamicAction.com and @Retail_DnA on Twitter.

Contacts:

Kathleen See

DynamicAction

(512) 794-8876

dynamicactionpr@ketnergroup.com

 

Aleks Vujanic

Accenture
+ 44 7500 974814
aleks.vujanic@accenture.com