ICIXInternational Compliance Information Exchange (San Mateo, CA)
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Wakefern selected the icix Product Specification offering to collaborate with food manufacturers and manage private label data requirements.
"We implemented icix to drive transparency into our supply chain and assist us with a single source of information for supply chain compliance," commented Mike Ambrosio, vice president of quality assurance at Wakefern, a retailer-owned cooperative.
For his part, Matt Smith, founder and chief strategy officer of icix, remarked, "Wakefern is an industry leader in food safety and compliance and is recognized for embracing innovative technologies to effectively run their business.
Matt Smith is the co-founder and chief strategy officer at icix, he can be reached at matthew.smith@idx-usa.com.
Intermedia Communications (Nasdaq: ICIX) is one of the nation's fastest growing communications companies and is focused on providing integrated next generation data-centric solutions.
About Intermedia Communications: Intermedia Communications (Nasdaq: ICIX) is one of the nation's fastest growing communications companies, and is focused on providing the next generation of integrated, data-centric solutions for small and mid-sized businesses.
ICIX, based in San Francisco, built a system to track and verify the origin and legitimacy of food and nonfood products.
The transaction brings the total amount of funds iCix has raised through venture capital financing to USD50m.
San Francisco-based iCix runs a cloud-based platform and risk management applications that allow customers to share information with partners and make use of a range of solutions in the areas of product safety, regulatory compliance and corporate social responsibility.
The financing comes on the heels of the launch of iCix's Direct Test application, which enables users to automate and streamline the management of product testing and regulatory documentation by linking purchase orders to existing papers and generating regulatory paperwork for products.
Matt Smith, the co-founder and chief strategy officer of icix, says, "With more than 38 million products recalled in 2013, product safety is clearly an issue for consumers and businesses.
Because Direct Test directly pulls data from test results and reports from lab systems, icix is getting rid of the manual processing by the middle man, increasing efficiency and accuracy.