September 18, 2012
New office will help Revionics with its aggressive market expansion and the growing demand for its End-to-End Merchandise Optimization Solutions
ROSEVILLE, CA – September 18, 2012 - Revionics, Inc., the leading provider of End-to-End Merchandise Optimization solutions, today announced that it has expanded and opened a new office in Austin, Texas, to help support its strong growth, expansion of its team, new product development efforts and training programs. The company currently has offices located in both California and Arizona.
“Austin really stood out to us due to its strong technology sector, the growing talent pool, and the high quality of life it can offer our employees, which is important,” said Marc Hafner, President and CEO of Revionics. “It is no surprise that with such technology innovators such as 3M, Apple, Dell, AT&T, Facebook, Google, Intel and Paypal inhabiting the city, that Austin is known as ‘Silicon Hills’ and we look forward to contributing and being part of this city’s technology industry and community.”
With over 31,000 retail locations throughout the world leveraging its cloud-based End-to-End Merchandise Optimization solution, Revionics has experienced a 69% Compound Annual Growth Rate (CAGR) over the last three years and an 88% revenue growth in 2011. Reflective of this tremendous success, this year they received two prestigious industry awards including: Red Herring Top 100 Americas Company and a JMP Securities’ Hot 100 Software Company. This new office opening underscores the company’s dedication to innovation and expansion, so it can continue to meet a market need for its optimization technology, which helps retailers increase their profits, margins and competitiveness.
The new office location is:
9606 N. Mopac Expressway, Suite 110, Austin, TX 78759
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, shopper-centric merchandising strategy resulting in enhanced 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. 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 31,000 retail locations and $95B 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 Red Herring’s Top 100 Americas and JMP Securities’ Hot 100 Software Company. For more information, please visit www.revionics.com.