Loss Prevention Solutions Provider IDM Software Establishes U.S. Operation
Veteran Loss Prevention Data Mining Specialists Head New Team
IDM Software Ltd., a global organization focused exclusively on developing and delivering next-generation loss prevention data mining software solutions for the retail industry, has established a U.S. subsidiary. Headquartered in Cleveland, Ohio, IDM Software Inc. will drive the sales and implementation of LossManager, an intelligent solution for detecting, analyzing and managing losses, for retailers throughout North America.
"We are excited to be bringing our next generation retail data mining solution to U.S. retailers," said Khuram Kirmani, CEO of IDM Software. "Our approach of ‘looking beyond fraud' delivers higher returns than traditional techniques and is resonating with all retailers that we've spoken with."
The IDM Software Inc. team is led by VP of Sales & Operations Sean P. Manion and Sr. Director of Solution Consulting Tom MacDonald, who have more than 40 years of combined hands-on experience in retail systems technology and operations. Prior to joining IDM Software, Manion was vice president of Retail Systems Sales for a leading retail solutions provider and specialized in loss prevention applications. MacDonald, originally a Certified Public Accountant, is a seasoned expert at solving retailers' business challenges through the application of technology.
"Through our extensive interaction with retailers of all sizes, Tom and I understand firsthand that in order to maximize margins, loss prevention software must go beyond just looking at exception-based point-of-sale reports that identify fraud," remarked Manion. "We were impressed by LossManager's proven data mining technology and how it overcomes the limitations that are inherent in other solutions. It gives users the power and flexibility to easily analyze data from across the entire organization to identify patterns that are unique to their business – and resolve issues faster."
"We're delighted to have our new U.S. operation headed by two industry veterans," said David Snocken, Commercial Director for IDM. "The insight that Tom and Sean have developed over the years on how to optimize bottom-line results will enable our customers to move from a ‘loss prevention' mindset to one of ‘profit protection'."
About IDM Software
IDM Software is focused on delivering data mining solutions that help increase profitability of retail, food service and grocery organizations. Headquartered in London, the global provider's highly intuitive LossManager solution delivers easy-to-use yet sophisticated data mining capabilities that help to protect profits and increase margins for retailers of all sizes. For more information, visit www.idmsoftware.com
SOURCE: IDM Software Ltd.