AI-Powered Pricing Company Credits 9 Years of Growth to Product
Innovation and Doubles Down on Vision for Personalized Pricing
DAVIS,
Calif., Aug. 13, 2024 /PRNewswire-PRWeb/ --
Engage3 powered by Dexi, a leader in helping retailers and brands
profitably grow revenue and drive store trips by tracking and
optimizing their Price Image, proudly announces its recognition as
one of America's fastest growing companies for the 9th year in a
row across the National and Regional lists. This accolade coincides
with the expansion of Engage3's innovative patent portfolio
covering the company's Personalized Pricing AI Commerce System.
"Congratulations to our team for their
unwavering dedication to our growth and a heartfelt 'thank you' to
our customers for their partnership and trust, which make awards
like these possible," said Edris
Bemanian, CEO of Engage3
Celebrating a Decade of Growth and Innovation
"Congratulations to our team for their unwavering dedication to
our growth and a heartfelt 'thank you' to our customers for their
partnership and trust, which make awards like these possible," said
Edris Bemanian, CEO of Engage3. "Our
expanded patent portfolio, continued investments in our Price Image
Management Suite, and ongoing breakthroughs in our AI capabilities
underscore our commitment to helping customers achieve their
financial and customer loyalty objectives. Retailers leveraging our
Price Image capabilities typically see 2-4% revenue growth, 1-2%
traffic gains, 5-8% margin improvement, and 2% price perception
increases. These achievements are a testament to our innovative
Price Image science and seamless integration with our competitive
intelligence capabilities."
Transforming Trade Promotions with Personalized Pricing
"Over $100B is spent annually in
the U.S. on trade promotions," said Tim
Ouimet, Engage3 Co-Founder. "However, research indicates
that 50-75% of this spending is ineffective due to poor planning
and execution, inadequate targeting, and a lack of effective
measurement and analysis. Our expanded patent portfolio and
advanced personalized pricing capabilities are poised to transform
how trade promotions are managed by leveraging individual Price
Image drivers and targeted personalized messaging to deliver
promotions that are both relevant for shoppers and profitable for
the retailers and brands funding them."
More News & Thought Leadership from Engage3:
- Retail Technology Innovators Select Engage3 to Power their
Pricing Intelligence: Qsic and SetSight tap into Engage3's Pricing
Marketplace to Deliver Integrated Pricing and Assortment Insights
to their Customers
- Engage3 Continues Expansion: Now Supports 8 of the Top 10
Retailers in the World
- Innovation Table: Mastering Price and Purpose with Mark Semprini
- Innovation Table: Leadership, Culture, and Innovation with
John Gomez
- Innovation Table: The Sociology of Competitive Intelligence and
Navigating the Pricing Landscape with Scott
McNeely
- Innovation Table: Creating Value for the Customer with
Juan Rodriguez
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. In all, this year's Inc. 5000 companies have added
874,458 jobs to the economy over the past three years.
"One of the greatest joys of my job is going through the Inc.
5000 list," says Mike Hofman, who
recently joined Inc. as editor-in-chief. "To see all of the
intriguing and surprising ways that companies are transforming
sectors, from health care and AI to apparel and pet food, is
fascinating for me as a journalist and storyteller. Congratulations
to this year's honorees, as well, for growing their businesses fast
despite the economic disruption we all faced over the past three
years, from supply chain woes to inflation to changes in the
workforce."
About Engage3 Powered by Dexi
The price optimization pioneers behind KhiMetrics (acquired by
SAP in 2006) created Engage3 to revolutionize how brands and
retailers engage with their shoppers. Engage3 provides the
industry's most comprehensive omnichannel competitive intelligence
solution, combining best-in-class AI-enabled web crawls,
professional in-store audits, and self-serve in-store and online
data collection into a single source of truth. Leveraging advanced
algorithms and the Nobel Prize-winning Efficient Frontier theory,
Engage3 helps retailers and brands track and optimize their Price
Image to profitably accelerate revenue growth, drive incremental
store trips, and increase margins. Engage3 serves over 300
customers in 182 countries, including 8 of the world's top 10
retailers, and supports over $4
trillion in global retail revenue. Engage3's leadership team
comprises former executives from KhiMetrics, Mozenda, Dexi.io, SAP,
Revionics, dunnhumby, KSS Retail, IBM/DemandTec, and Nielsen.
More about Inc.
Methodology
Companies on the 2024 Inc. 5000 are ranked according to
percentage revenue growth from 2020 to 2023. To qualify, companies
must have been founded and generating revenue by March 31, 2020. They must be U.S.-based,
privately held, for-profit, and independent—not subsidiaries or
divisions of other companies—as of December
31, 2023. (Since then, some on the list may have gone public
or been acquired.) The minimum revenue required for 2020 is
$100,000; the minimum for 2023 is
$2 million. As always, Inc. reserves
the right to decline applicants for subjective reasons. Growth
rates used to determine company rankings were calculated to four
decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for
entrepreneurs. Through its journalism, Inc. aims to inform,
educate, and elevate the profile of our community: the risk-takers,
the innovators, and the ultra-driven go-getters who are creating
our future. Inc.'s award-winning work achieves a monthly brand
footprint of more than 40 million across a variety of channels,
including events, print, digital, video, podcasts, newsletters, and
social media. Its proprietary Inc. 5000 list, produced every year
since its launch as the Inc. 100 in 1982, analyzes company data to
rank the fastest-growing privately held businesses in the United States. The recognition that comes
with inclusion on this and other prestigious Inc. lists, such as
Female Founders and Power Partners, gives the founders of top
businesses the opportunity to engage with an exclusive community of
their peers, and credibility that helps them drive sales and
recruit talent. For more information, visit http://www.inc.com.
Media Contact
Katrina Marie Odsinada, Engage3, (530) 220-1102,
kodsinada@engage3.com, www.engage3.com
Twitter Facebook
View original content to download
multimedia:https://www.prweb.com/releases/engage3-recognized-in-inc-magazines-list-of-fastest-growing-companies-for-9th-consecutive-year-and-awarded-patent-for-personalized-pricing-ai-commerce-system-302219073.html
SOURCE Engage3