Revionics Named to JMP Securities’ “Hot 100 Best Privately Held Software Companies”
Revionics, Inc., the leading provider of retail life cycle price optimization solutions, today announced that they have been named by JMP Securities as a “Hot 100 Best Privately Held Software Company.” The Hot 100 report is developed by the software research team of JMP Securities, a San Francisco-based investment bank. Revionics was chosen for its strong customer traction, revenue growth, quality of leadership and its game-changing products and services, which are offered in the Cloud. This award comes on the heels of Revionics winning the Red Herring Top 100 Americas Award, which is the mark of distinction for the most promising and successful companies in the Americas.
Revionics has been experiencing tremendous growth and success and has more retailers utilizing its price optimization solution than any other vendor. In 2011, they had an 88% revenue growth and over the last three years a Compound Annual Growth Rate (CAGR) growth rate of 69%. The company has been a leader in price optimization technology for a decade and expects continued strong growth now that it has gone global. According to industry analysts, the Price Optimization segment is expected to grow at 15% or more over the next few years as tier one, two and three retailers aggressively adopt this technology due to the dynamic economy, hyper-competition, inflationary pressures and the age of the multi-channel shopper.
Contributing to Revionics market-leading position is its unique ability to deliver life cycle price optimization solutions — base pricing, promotion, and markdown planning and optimization — to a broad range of retailers of all sizes, tier one, two and three. Revionics’ innovative “Optimize with Confidence” approach is based on providing the industry’s most usable science and transparency on a single platform to drive unparalleled confidence in price recommendations, which accelerates adoption and ROI.
“This is a very exciting time for our company and we are honored to be recognized by JMP Securities, which demonstrates that the industry’s top experts are taking note of which software solutions are helping companies thrive in today’s market,” said Marc Hafner, Revionics’ CEO and President. “With over 30,000 retail locations successfully using our solutions, we will continue to ensure that we are a game-changer in retail life cycle price optimization solutions, providing our customers the ability to further grow their margins, profits and most importantly customer loyalty.”
Revionics’ price optimization suite is set above the rest in the retail industry due to its incorporation of next-generation predictive analytics and demand-based science, resulting in best-of-breed solutions, which drives competitive advantage for its customers. Revionics’ solutions ensure retailers can execute shopper-centric pricing, promotion and markdown strategies for optimal financial results and improved customer satisfaction.