|By Business Wire||
|July 29, 2014 06:33 AM EDT||
Revionics, 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 proprietary science.
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.
Revionics 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.
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