Island Pacific (AMEX:IPI) announced at the National Retail Federation (NRF) 93rd Annual Convention and Expo that it has joined forces with LP Innovations, Inc., the first national provider of outsourced loss prevention programs and services for the retail industry. This venture will provide retail customers with a comprehensive, cost-effective solution to reduce retail shrink and fraud.
As a result of this union, LP Innovations will use IP Gladiator, the most comprehensive and effective loss prevention software solution on the market today, to enhance its existing loss prevention services. Island Pacific will recommend and market LP Innovations to its customers.
“With billions of dollars lost to retail shrink every year, we strongly believe that all retailers need a comprehensive loss prevention program,” says Steven May, president of LP Innovations. “Our companies are working together to make this an affordable reality.” “They’ll supply the brains and we’ll supply the brawn,” said Steve Beck, Island Pacific president and chief operating officer. “IP Gladiator is a fully integrated system that supports POS exceptions analysis integrated with incident, investigation, case and restitution management plus the audit processes. However, all data requires interpretation. That’s where LP Innovations comes in. They bring the intelligence through their expert field staff and loss prevention best practices.”
Island Pacific is exhibiting in Booth #315 and LP Innovations is exhibiting in Booth #761 at the NRF 93rd Annual Convention and Expo at Jacob Javits Convention Center in New York City.
About LP Innovations Based in Needham, Mass., LP Innovations (LPI) is the first national provider of outsourced loss prevention programs and services for the retail industry. Founded in 1998, the company specializes in best practice audits, investigations, employee training and awareness and POS exception-based reporting analysis. Through its subsidiary, Securex LLC, LPI offers the sale and installation of integrated security systems, as well as 24-hour alarm monitoring via their National UL Certified Monitoring Center. LPI’s clients include small, mid-sized and large retail chains in the specialty, grocery, restaurant, apparel, jewelry, office supplies and sporting goods industries. For more information, visit www.lpinnovations.com.
About Island Pacific For more than 25 years, Island Pacific has developed a reputation for delivering high-quality, high-reliability software to the retail industry. Recently, the company has transformed itself into the low-cost, high-value provider of retail enterprise solutions by developing breakthrough technologies, and by partnering with leading consulting organizations to provide next-generation services. In addition, Island Pacific leverages its years of experience with emerging and established retailers to craft creative solutions tailored for each customer’s needs. As a result, Island Pacific is the definitive resource for scalable, flexible and affordable solutions for retailers around the world.
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