Welcome!

News Feed Item

Revionics Continues Rapid Growth in 2013

Revionics, Inc., the global provider of End-to-End Merchandise Optimization solutions, today announced another year of double-digit revenue growth and a 5-year Compound Annual Growth Rate (CAGR) of over 50%. The company is poised for continued strong growth in 2014 as 2013 first year bookings increased by 83% and customer renewals were near 100%.

At the recent NRF 2014 conference, optimization and predictive analytics were highlighted as must-have technologies for retailers in 2014. Revionics customer Family Dollar presented on the value they have obtained from deploying price and markdown optimization at a NRF Big Ideas session. Additionally, Paula Rosenblum, Managing Director of RSR, cited price and promotion optimization and big data and predictive analytics as two of the top five hot technologies for 2014 in her January Forbes article – “Retail's Big Show Will Showcase Hot Technologies For 2014”.

Currently, more than 37,000 retail sites around the world now leverage Revionics’ software solutions, which are delivered on a high performance SaaS platform. Due to the success of initial deployments, more than 50% of Revionics’ customers are now leveraging two or more Revionics End-to-End Merchandise Optimization solutions and more than 25% of the company’s customers are international.

“We experienced tremendous growth and success in 2013 and we are positioned to continue on this track in 2014,” said Marc Hafner, Revionics’ President and CEO. “Our growth underscores the global need for our End-to-End Merchandise Optimization solutions which enables retailers to take a shopper-centric approach to their merchandise planning decisions and make data-driven price, promotion, markdown, assortment and space allocation decisions.”

2013 Customer Wins

Retailers choose Revionics because of the unique features and benefits their solutions offer, such as: self-learning demand models; recommendation transparency; speed-to-value; cloud delivery model; customer-centric, value-based partnering approach; and Revionics’ deep domain expertise. Announced new customer wins in 2013 included:

  • TBC Corporation – one of North America’s largest marketers of tires for the automotive replacement market.
  • Cabela’s Incorporated – a leading specialty retailer and the world's largest direct marketer of hunting, fishing, camping and related outdoor merchandise.
  • DIXY Group (RTS, MICEX: DIXY) – one of Russia’s largest national retail operators in the food retail market.
  • Victoria Supermarkets – operates 83 supermarkets in Russia and is owned by the DIXY Group (RTS, MICEX: DIXY)
  • ALCO Stores, Inc. (Nasdaq: ALCS) – specializes in providing a superior selection of essential products for everyday life in small-town America.
  • Raley’s Family of Fine Stores – a privately held 128-store supermarket chain which includes Raley’s, Bel Air, Nob Hill Foods and Food Source.
  • The Spotlight Retail Group (SRG) – Australia's largest retail chain of fabric, craft and home interiors superstores.
  • Anaconda Stores Pty Ltd – owned by The Spotlight Retail Group (SRG) and is Australia's largest retail chain of camping, outdoor adventure and sports superstores.

Global Strategic Alliances and Expansion

Revionics continued its aggressive global expansion in 2013, including opening new offices in London, Düsseldorf and Melbourne. The company also hired accomplished executives in these markets with deep retail experience and a track record of working for companies such as Oracle, ProfitLogic, i2 Technologies and iTradeNetwork, Inc.

Revionics also announced a multi-year global strategic alliance with Nielsen Holdings, N.V. (NYSE:NLSN), which will integrate Nielsen Pricing Insights with Revionics Life Cycle Price Optimization solutions to improve the precision of retail pricing. The initial solution, which is already deployed at several leading retailers, integrates Revionics Price Optimization and Nielsen Pricing Insights.

About Revionics, Inc.

Revionics delivers the industry’s most powerful End-to-End Merchandise Optimization solution, enabling retailers of all sizes to execute a fact-based Omni-channel 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 Omni-channel shopping episode – online, in-store, social and mobile. Offered on a scalable, high performance Cloud-based SaaS platform, these solutions future-proof retailers from Big Data/Fast Data challenges, while providing speed-to-ROI. Over 37,000 global retail locations and $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 2012 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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...