Sysrepublic expands customer base with IKEA, 7-Eleven and Stein Mart

London, UK. October 26, 2011 – Sysrepublic, a leading provider of POS loss prevention and systems integration solutions serving the global retail market, today announced three new customers: IKEA in the UK and 7-Eleven® and Stein Mart in the U.S.

IKEA joins Sysrepublic’s impressive roster of other UK-based retail customers including Tesco, Marks & Spencer, ASDA, Sainsbury’s and HMV. IKEA has 19 stores across the U.K. and the Republic of Ireland, protected by Sysrepublic’s software. Sysrepublic’s Secure loss prevention software solution, allows retailers to identify theft and significantly decrease shrink. Secure is widely regarded as the most advanced loss prevention solution for retailers in the market today.

Meanwhile 7-Eleven and Stein Mart join Sysrepublic’s U.S. customer roster alongside recently announced retailers, Safeway, WinCo Foods and Wegmans. 7-Eleven is Sysrepublic’s largest installation in the U.S. with more than 6,800 locations nationwide using its technology. Stein Mart, a nationwide network of fashion retail stores offering discount prices, is ready to roll out the Sysrepublic solution in over 260 stores.

Ken George, Sysrepublic’s EMEA Sales Director sees this as testament to the growing global spread of Sysrepublic’s success: “We live in a time when increased efficiency is key to ensuring that resources are available to invest where they’re needed. More and more of the world’s top retailers now rely on Sysrepublic Secure to drive out employee theft. The latest version, with its highly targeted query capability, built-in Risk knowledge-base, sophisticated back-end integration and “Business Intelligence” front-end, delivers a positive commercial impact, providing retailers with a more sustainable solution than the cumbersome data mining and exception reporting tools that exist in many companies today”.

Three New Customers

IKEA was founded in Sweden in 1943 and has over 280 stores in 26 countries, including 19 in the U.K. and the Republic of Ireland. IKEA offers a wide range of well-designed, functional home furnishings priced so low that as many people as possible can afford them. For more information: www.ikea.co.uk

7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates franchises or licenses more than 6,800 7-Eleven® stores in North America. Globally, there are approximately 42,700 7-Eleven stores in 16 countries. During 2010, 7-Eleven stores worldwide generated total sales close to $63 billion. For more information: www.7-Eleven.com.

Stein Mart, Inc. (Nasdaq:SMRT) stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. Currently with locations from California to Massachusetts, Stein Mart’s focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions. For more information: www.steinmart.com.

About Sysrepublic

Sysrepublic is a market leader in POS loss prevention, systems integration and consulting solutions, serving the global retail market. The company’s flagship software solution, Secure, is used by retailers worldwide. Sysrepublic protects over 22,000 retail outlets worldwide monitoring one billion transactions per day in over 20 countries. Customers include Tesco, Marks & Spencer, ASDA, Sainsbury’s, HMV, IKEA, 7-Eleven, Safeway, Stein Mart, WinCo Foods, Wegmans and other top global retailers. Sysrepublic is 100 percent employee-owned with offices in London and Los Angeles. For more information, visit www.sysrepublic.com.

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