|By PR Newswire||
|February 19, 2014 10:57 AM EST||
SAN FRANCISCO, Feb. 19, 2014 /PRNewswire/ -- Engage3 today announced that it has selected Vasu Vembar as Senior Vice President of Engineering. Vembar has a long track record of leading engineering, technology operations and innovation at successful enterprise and start up companies such as Wal-Mart, Target, UPS and KIXEYE. This experience illustrates his ability to deliver on Engage3's continuing commitment to offering an industry leading retail platform, a superior user experience amongst products such as ShoppingScout, and seamless B2B integration amongst partners.
Most recently, Vembar served as the Vice President of Technology and Operations at an online gaming company in San Francisco. He led efforts to architect, design, and implement SaaS technologies to increase reliability and scalability of the browser and mobile gaming platform.
At Target, Vembar was the Head of Multi Channel Digital Strategy driving Innovation across the company's e-commerce, social, and mobile platform solutions. He also chaired Target's Retail Technology Trend Council. Prior to Target, Vembar spent five years at Wal-Mart in the role of Sr. Director of Global E-Commerce. In this role, he was responsible for developing a scalable and cost-effective e-commerce platform that helped drive the growth of E-Commerce business from under a billion dollars to over $5 Billion.
Ken Ouimet, Engage3 Founder and CEO remarked, "Vasu is a well-respected, highly-admired visionary leader with an unparalleled track record of executing platform strategies in the supply chain, retail and gaming industries. Our team looks forward to working with him to add tremendous value to our already successful consumer product, ShoppingScout, as well as our end-to-end platform for our retailer and manufacturer partners."
"I'm thrilled to lead Engage3's engineering team in the mission of reshaping how households interact with their shopping experience. We empower them with the tools they need to help them to be savvy shoppers, saving them money to live better through both the company's web and mobile applications and those of our partners," said Vembar.
Board Member and Founder of Silicon Valley Bank, Bob Medearis, said, "Vasu is the right choice at the right time. His wealth of experience and exceptional leadership skills has earned him many accolades over the years. He empowers his teams to perform at the highest level and his past accomplishments speak to that."
Engage3's patented Web 3.0 shopping platform revolutionizes real-time pricing negotiations between consumers, manufacturers, and retailers on a massive scale. At its core is a comprehensive database of products and prices that is amassed through in-store, online, mobile and crowd-sourcing channels. Coupled with its flagship consumer app, ShoppingScout, Enage3 catalyzes unprecedented views into consumer intent to purchase and buyer preferences. ShoppingScout saves consumers time and money while also offering them healthy alternatives. It is available as a free web and mobile app.
Engage3 was founded by retail price optimization (RPO) innovators Ken and Tim Ouimet. Their extensive experience helped retailers like Albertson's, Lowe's and 7-Eleven increase margins and net profit. The Ouimet's first company, Khimetrics, based on their revolutionary RPO science was successfully acquired by SAP in 2006.
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