SAN DIEGO, Nov. 9, 2016 /PRNewswire/ -- Halo, provider of self-service supply chain intelligence geared to the mid-market and with a focus primarily on manufacturing, distribution and retail, today announced its development centre in Auckland, New Zealand has been awarded Research and Development funding under the New Zealand Government's Callaghan Innovation Scheme, a scheme committed to accelerating business growth through government investment.
Key criteria of the Halo submission included providing a sound history of sales growth and a positive cash flow, along with a convincing R&D program and business plan. The Callaghan Growth Grant will provide a 20% rebate for all audited R&D expenses for three years, with an optional two-year extension. Keith Peterson, President and CEO of Halo, commented, "The significance of this award demonstrates not only government recognition of Halo's growth potential, but also Halo's commitment to New Zealand, and the opportunity to leverage new innovation from New Zealand in Halo's global markets through Asia-Pacific, the US, Latin America and Europe."
Under the direction of Joseph Tan, Halo's Vice President of Product and Engineering, the Halo development team will conduct R&D in the areas of predictive analysis and data visualisation. Mr Tan stated, "The Callaghan Growth Fund will enable Halo to accelerate research and development in the area of predictive analytics which has practical applications in supply chain optimization. Being able to increase the forecast accuracy of sales by even 1% can translate into significant cost savings for inventory."
Halo delivers self-service supply chain intelligence solutions to hundreds of enterprise customers and service provider partners in North and South America, Europe, and Asia-Pacific. Our solutions provide enterprise grade products without the drag and cost of major platforms. Halo replaces the complexity of siloed data sources and disparate applications with a single purpose platform that lets firms analyze, decide and plan faster than ever before. Halo is headquartered in San Diego, California, and can be reached via the web (www.halobi.com), Twitter (@Halo_BI) or email at email@example.com.
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