December 18, 2014 1:07 AM ET

Internet Software and Services

Company Overview of Revionics, Inc.

Company Overview

Revionics, Inc. provides Software-as-a-Service-based merchandise optimization solutions that enable retailers to execute shopper-centric price, promotion, markdown, assortment, and space allocation decisions. It offers merchandise optimization solutions, including shopper-centric assortment, micro and macro space allocation, pricing, promotion, and markdown solutions; life cycle price optimization solutions, such as price, promotion, and markdown optimization solutions; advanced analytic solutions, including store cluster analysis, key value item analysis, market basket analysis, and workbench solutions; assortment and space optimization, social commerce, and performance intelligence solutio...

5000 Plaza on the Lake

Austin, TX 78746

United States

Founded in 2002

Phone:

866-580-7277

Key Executives for Revionics, Inc.

Chairman of The Board
Age: 54
Founder
Chief Financial Officer
Chief Operating Officer
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2014.

Revionics, Inc. Key Developments

Revionics Mulls Acquisitions

Revionics, Inc. has received funding from Goldman Sachs Private Capital Investing. Marc Hafner, Chief Executive Officer of Revionics said, "This investment will accelerate key R&D efforts as well as provide us with additional access to capital for future acquisitions".

Revionics Unveils New Release of Game-Changing Promotion Optimization Solution

Revionics, Inc. announced a new release of Revionics(R) Promotion Optimization, which provides enhanced collaboration capabilities, a highly visual planning module and interactive "what-if" scenario simulation that optimizes both the number and mix of promotional vehicles. The enhanced solution, which leverages new science and modeling, provides forecasting and post-event metrics, enabling real-time alignment with strategies and goals such as driving retail traffic or increasing basket size. The new release also integrates with the Revionics(R) Social Commerce platform, to deliver optimized promotions via social media. By partnering with Revionics, retailers can substantially improve promotional revenues and margins, reaching their financial objectives while increasing customer loyalty. The new release includes: Dynamic Workflow: Enables collaboration across departments with a single view into promotions through a dynamic workflow that intelligently guides users though the promotion creation and execution process, taking into account the complexity of the promotion and the user's role. Advanced Simulation: Building on existing capabilities, enhanced visualization and uplift simulation features provide interactive 'what-if' scenario planning to help streamline and improve the decision process around promotions. Improved Planning and Analytics: New science and modeling leveraged in the planning process improves retailers' ability to more accurately forecast promotional results, ensuring alignment with goals and strategies. Post-promotion analytics enable results measurement, providing the data required to improve promotional performance. Integration with Revionics(R) Social Commerce Platform: Social media is now supported as a new promotion vehicle to deliver optimized promotions to loyal customers through a favorite touch point.

Niemann Foods, Inc. Chooses Revionics, Inc. for Price Optimization

Revionics, Inc. announced that Niemann Foods, Inc. has selected Revionics as their price optimization provider. Revionics will be providing Niemann Foods with their SaaS-based Price Optimization solution, which includes robust price management, science-based optimization, forecasting, simulation and effectiveness measurement. After a comprehensive industry search for the right price optimization solution provider, Niemann Foods chose Revionics to help them: Take a more disciplined approach to pricing by incorporating demand-based science, rules, constraints and strategy to make data-driven pricing decisions; Stay highly competitive on key value items while meeting gross profit budgets; and Increase sales by scientifically identifying and strategically pricing traffic drivers. Revionics Price Optimization Enables Shopper-centric, Fact Based Pricing: Retailers require sophisticated, scalable tools to help them plan, execute and measure their pricing strategies. Shopper-centric pricing compels a retailer to understand how consumers are behaving by store and how they shop by item. Revionics' optimization process integrates internal and external data including competitive data, business rules and operational constraints with price image, strategic and financial objectives, enabling retailers to rapidly adapt their pricing strategies and tactics to constantly changing shopper and competitor behavior. Benefits include: Image enhancing, profitable prices that achieve strategic and financial objectives; Ability to forecast and measure the impact of price changes; Automation of the pricing process to ensure consistency of price image while eliminating manual, error prone tasks; Surgically execute competitive positioning while maximizing profit opportunities; and Localizing prices based on shopper demand and competitor behavior.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 8, 2014
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