Growth fueled by accelerating need to find profits in Big Data
through proven Big Data Analytics and Science
AUSTIN, Texas--(BUSINESS WIRE)--
Inc., the global provider of End-to-End
Merchandise Optimization solutions, today announced strong financial
growth. In the first half of 2014, Revionics’ SaaS sales grew over 300%
year-over-year with an adjoining 49% increase in revenue. In addition,
renewals were 100%. The company’s continued rapid growth is due to its
demonstrated track record of helping retailers around the world find
profits in their Big Data through advanced predictive analytics and
With more than a decade of experience, Revionics’ customers typically
see a 2%-5% increase in gross margins, a 2%-7% increase in sales and a
$10 return on every dollar invested. Continued innovations in Revionics’
solutions was also a driver of sales growth. Earlier this year Revionics
announced its latest release of its Markdown
Optimization solution. The new release includes new analytics,
science, data and business rule sets specifically designed to optimize
short life cycle merchandise such as fashion merchandise.
Fueled by unprecedented hyper-competition and today’s informed,
instrumented and connected shopper, End-to-End
Merchandise Optimization is an estimated $1.6B market opportunity.
Big Data analytics enables retailers to remain relevant with today’s
shopper by creating a new, deeper level of knowledge about their
shopper’s preferences and behaviors, competitors’ strategies and tactics
and market dynamics at speed, scale and frequency. Gartner’s Hype Cycle
for Retail Technologies, places Merchandise Optimization advancing
across the ‘slope of enlightenment’ due to its proven value of creating
sustainable competitive advantage at leading retailers around the world.
“I am extremely proud of what Revionics has accomplished thus far in
2014,” said Marc
Hafner, Revionics CEO. “The pace of our growth, our strong
financials and our expanding SaaS-based footprint on a global basis all
reinforce that the best days are still ahead of Revionics.”
About Revionics, Inc.
delivers proven End-to-End
Merchandise Optimization solutions, enabling retailers of all sizes
to execute a fact-based omnichannel merchandising strategy utilizing the
most comprehensive set of shopper demand signals to enhance financial
performance with improved customer satisfaction. Revionics’ solutions
leverage advanced predictive analytics and demand-based science to
ensure retailers have the right product, price, promotion, placement and
space allocation for optimal results across all touch points in the
omnichannel shopping episode – online, in-store, social and mobile.
Offered on a scalable, high performance SaaS platform, these solutions
deliver insights and recommendations at speed, scale and frequency,
while providing speed-to-ROI. Over 37,000 global retail locations
representing $150+B in annual revenue across grocery, drug, building
materials, convenience, general merchandise, discount, sporting goods
stores and eCommerce sites optimize with Revionics’ solutions. Revionics
has been recognized as a Deloitte Technology Fast 500™, Red Herring Top
100 Global, Red Herring Top 100 Americas and JMP Securities’ Hot 100
Software Company. For more information, please visit www.revionics.com.
Karen Dutch, +1-916-865-5394 (USA)
President of Marketing
Source: Revionics, Inc.