Big Lots Selects Envysion as Video Service Provider Retailer deploys innovative MVaaS solution to approximately 1,200 locations
LOUISVILLE, Colo., April 16, 2012 /PRNewswire/ -- Envysion®, Inc., (www.envysion.com) the leading Managed Video as a Service (MVaaS) provider, today announced that Big Lots has selected Envysion as a video service provider and has completed deployment of the Envysion Insight solution to approximately 1,200 of its retail stores. Big Lots, North America's largest broadline closeout retailer, will utilize the Envysion Insight solution to improve loss prevention, operations and training efforts.
"Successful loss prevention professionals recognize that theft is only one of many factors that reduce profitability. With that in mind, we wanted a video tool that would give us a more comprehensive understanding of store-level operational challenges," says Lance Williams, director of loss prevention at Big Lots. "Envysion enables us to give hundreds of users from our operations, marketing, risk management and HR teams enhanced visibility to the store."
Envysion's MVaaS enables businesses to improve store-level performance by putting easy-to-use, highly scalable video-driven business intelligence™ into the hands of the entire organization without straining the IT department or network. By integrating with business systems such as point of sale (POS), Envysion provides retail operators with a variety of instant, unfiltered and actionable insights to quickly identify fraudulent transactions and shrink. In addition to strengthening loss prevention efforts, Envysion Insight provides unparalleled access to the day-to-day store operations.
"Envysion is excited to be selected as a video service provider for Big Lots. We believe Big Lots is at the forefront of an emerging and inevitable trend – that multi-unit businesses, across industry verticals, will leverage video-driven business intelligence as an important strategic management tool that drives operational improvements," says Matt Steinfort, president and CEO of Envysion.
Steinfort adds that Envysion's rapid innovation cycles and ability to develop customer specific, video-driven business intelligence™ solutions was a key criterion in Big Lots' selection of Envysion and will strongly position Big Lots to stay ahead of the competition.
Envysion enables large, national retail, restaurant, cinema and convenience store operators to improve performance by putting easy-to-use, video-driven business intelligence™ into the hands of the entire organization. Envysion created the Managed Video as a Service (MVaaS) model which transforms video surveillance into a strategic management tool that provides instant and unfiltered business insights to users across operations, loss prevention, marketing and human resources. The MVaaS model enables Envysion to accelerate innovation by rapidly responding to market opportunity and making new capabilities immediately available to all users. Envysion's platform quickly scales to 1000s of locations and 10,000s of users without straining the IT department or network. For more information, visit www.envysion.com or call 877.258.9441.
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SOURCE Envysion, Inc.