AUSTIN, TX – (January 27, 2015) – Revionics, Inc., a leading global provider of End-to-End Merchandise Optimization solutions, announced today that Joel G. Katz, has joined Revionics’ Board of Directors. Katz was elected to Revionics’ Board of Directors based on his 25 years of strong executive financial and investor experience and his proven ability to guide companies through all phases of development including pre and post initial public offering stages. Companies he has led efforts for include Witness Systems (NASDAQ: WITS), Vignette (NASDAQ: VIGN) and Harbinger Corporation (NASDAQ: HRBC). Katz joins the Board of Directors on the heels of Revionics announcing that they have raised growth financing from Goldman Sachs, which will accelerate the company’s global growth and R&D investment for its End-to-End Merchandise Optimization solutions.
“We welcome Joel to our Board of Directors. His demonstrated proficiency in the financial and investment arena will further strengthen our board’s breadth of expertise,” said Marc Hafner, Revionics CEO. “Joel has already hit the ground running as a board member and we are excited to leverage his strategic business expertise. His financial, operational and board experiences in operating under the scrutiny of public financial markets will help us prepare for our next phase of growth.”
“I’m excited to join the Revionics’ Board of Directors during this phase of tremendous growth and success,” said Mr. Katz. “I have been impressed by the strong professionalism, passion and commitment levels of the Revionics team, which I view as foundational to their success. As the company enters into this next phase of growth in its development, I’m looking forward to helping this team evolve to meet the challenges of continued rapid growth and public financial markets. Together, I’m confident we will achieve great success.”
Previously, Katz held the position of Audit Committee Chairman and Board Member for Witness Systems (NASDAQ: WITS), which offers workforce optimization software for CRM. In addition, Katz served as Chief Financial Officer and Secretary of the Board for Vignette (NASDAQ: VIGN), a provider of enterprise content management software. Previous to this, he held the position of Chief Financial Officer and Secretary of Harbinger Corporation (NASDAQ: HRBC), a business-to-business e-commerce software and solution provider. Currently, Katz is a Partner and Private Investor at Dominion Golf Group, an Austin Texas-based country club management and ownership group and is an investor in a variety of industries including technology, hospitality, groundwater, and financial services.
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.