VizExplorer, a provider of operational intelligence solutions, announced that it has closed a strategic investment and technology development agreement with Stanley Black & Decker, a world-leading provider of tools and storage, commercial electronic security and engineered fastening systems.
“We are pleased to partner with VizExplorer to accelerate development of new products for our customers,” said Larry Harper, vice president, Stanley Ventures, the newly formed corporate venture arm of Stanley Black & Decker. “The partnership has great potential to address common operational challenges our customers face on a daily basis.”
The investment and collaboration enhances the joint strategies articulated by VizExplorer and Stanley Black & Decker. Together, the companies will collaborate to develop products that move the industry forward and help businesses gain insight into their day-to-day operations.
“We are excited that Stanley has selected VizExplorer to power the next generation of solutions for its customers,” said VizExplorer CTO and founder Andrew Cardno. “This agreement marks our entry into the manufacturing world, where we are eager to leverage our expertise gleaned from the gaming industry.”