May 10, 2012
Revionics was chosen for its outstanding technology innovation, management strength, strong financial health, customer acquisitions, market size and investor record
ROSEVILLE, CA - May 10, 2012 - Revionics, Inc., the leading provider of retail life cycle price optimization solutions which are optimizing 30,000+ retail stores weekly, announced today it has been selected as a Finalist for Red Herring's Top 100 Americas award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
"This year was very rewarding," said Alex Vieux, publisher and Chairman of Red Herring. "There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. Revionics shows great promise; therefore, deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”
Finalists for the 2012 edition of the Red Herring 100 Americas award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the security, Web 2.0, software, hardware, life sciences, cloud, mobile and other sectors completed their submissions to qualify for the award.
“We are honored to be a Finalist for this award,” stated Marc Hafner, Revionics’ President and CEO. “As a company that experienced an 88% revenue growth in 2011 and over the last three years a Compound Annual Growth Rate (CAGR) of 69%, we are honored that the industry is taking note of our success and market leadership with more retail sites under management than any other vendor. It has truly been a team effort – I would like to commend and congratulate my outstanding team for all their contributions.”
The Finalists are asked to present their winning strategies at the Red Herring Americas Forum in Santa Monica, California, May 21-23, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.
About Revionics, Inc.
Revionics is the leader in delivering innovative predictive analytics for retail life cycle price optimization solutions, including base price, promotion, and markdown planning and optimization. The Revionics solution leverages an integrated demand forecast, enabling a coherent view of customer demand across all decision areas. Our proprietary approach applies advanced analytics and science to predict shopper behavior, empowering retailers to achieve their financial objectives, improve customer loyalty, and make better, faster decisions in today’s dynamic marketplace. Our solutions are delivered on a high performance, scalable software-as-a-service (SaaS) platform. Over 30,000 retail locations across grocery, drug, building materials, convenience, general merchandise, discount and sporting goods stores are priced using Revionics solutions. For more information, please visit www.revionics.com.