Pricefx Closes Best Quarter in Company History Driven by Strong Demand for AI-powered Pricing Software
09 Mayo 2024 - 8:30AM
Business Wire
Company honored with awards for innovations in
pricing
Pricefx, the global leader in AI-powered SaaS pricing software,
today announced its largest revenue quarter in company history.
Quarter-over-quarter net new annual recurring revenue (NNARR) for
the quarter ending March 31, 2024 grew by 59% and effective ARR
jumped by 45%. Pricefx initiated 12 new customer project go-lives
globally, including leading companies in manufacturing,
distribution, chemical, and other sectors, and 100% of new business
projects will be implemented by the company’s industry leading
partner ecosystem. Key new customer wins include Rolls Royce,
Kohler, Calumet Specialty Products Partners, and Simpson Strong Tie
Co.
“We kicked off a strong year by continuing to focus on helping
businesses leverage AI to achieve their pricing goals,” said Ronak
Sheth, Chief Executive Officer of Pricefx. “Customers choose
Pricefx because we deliver innovative product advancements that
enable companies to capture rapid ROI and significant long-term
value. We empower companies to unlock new levels of pricing agility
and realize profitable growth.”
In Q1 2024, Pricefx also delivered version 12.0 of its flagship,
award-winning pricing platform that included capabilities such as
actionable insights, product recommendations, new AI use cases and
S/4 HANA integration. This latest version and its AI technology
enables businesses to make better data-driven decisions around
pricing. The company also announced plans to introduce Generative
AI capabilities in the platform in 2024.
Pricefx was announced as the winner of the SAP Pinnacle Award
for the SAP Store Category and a finalist in the AI Partner
Innovation category. The SAP Pinnacle Awards is SAP’s premier
global partner recognition and award program, with an elite group
of only 16 partners worldwide out of more than 24,000 to achieve
winner status for this year. In addition, the company won several
product awards to start the year including being named an AI
Excellence Award winner in the Generative AI category, winning gold
in the 2024 American Business Awards® for Business or Competitive
Intelligence Solution, and taking silver in the 2024 Stevie Awards
for Sales & Customer Service for Business Intelligence Solution
- new version.
CRN included Pricefx in the 2024 Partner Program Guide and named
Jacob Childerson a 2024 Channel Chief. Viva Technology named
Pricefx on the Top 100 Next Unicorns and the company was included
in the Constellation ShortList™ for Price Optimization
Solutions.
To further connect with customers, partners and pricing industry
experts, Pricefx will host Accelerate 2024 on Sept. 4-5 in Atlanta.
Accelerate brings together more than 500 leaders and influencers
from global, cutting-edge companies to share pricing insights on
business transformation, next-generation AI, and industry best
practices.
Follow Pricefx
LinkedIn: https://www.linkedin.com/company/price-f-x-/
X: https://twitter.com/price_fx
About Pricefx
Pricefx is the global leader in AI SaaS pricing software,
offering an end-end-end platform solution that is fast to
implement, flexible to configure, and friendly to learn and use.
Since pioneering cloud-native pricing technology more than a decade
ago, its leading AI price optimization and management capabilities
deliver the industry’s fastest time-to-value with activation in 6
months or less and the industry’s highest average ROI of 7,000% in
the first 12 months from activation. Pricefx’s award-winning
solution is focused on productized industry use cases proven to
solve the most common and complex pricing challenges for large
enterprise B2B companies in manufacturing, distribution, process
engineering, and select other verticals. It is the leading AI price
optimization and management platform that enterprises rely on to
dynamically Plan, Price, and Profit. Pricefx’s business model is
entirely based on fairness, and the satisfaction and loyalty of
their customers is recognized by years of leading rankings among
customer review forums. For more information, please visit
www.pricefx.com.
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