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Company Overview of Revionics, Inc.
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
Founded in 2002
Key Executives for Revionics, Inc.
Chairman of The Board, Chief Executive Officer and President
Founder, Executive Vice President of Corporate Development & Strategy and Director
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2014.
Revionics, Inc. Key Developments
Revionics, Inc. and Price Revolution, LLC Announce a Strategic Alliance
Jun 2 15
Revionics, Inc. and Price Revolution, LLC announced a strategic alliance. The alliance brings together Revionics’ best-in-class Life Cycle Price Optimization solutions, which includes base price, promotion and markdown, with Price Revolution, one of the retail industry’s most innovative management service providers. This ground-breaking combined offering will enable small to mid-sized retailers with limited resources to more quickly and easily reap the benefits of price management and optimization technology, which includes improved sales, margins and shopper loyalty. Life Cycle Price Optimization adoption has increased substantially over the last couple of years due to increased competition and more value-sensitive shoppers with easy, real-time access to pricing information. Leveraging Revionics’ Life Cycle Price Optimization, Price Revolution delivers implementation, strategy and price management services. They develop laser-sharp strategies driving successful key performance indicator outcomes, including enhanced customer demand, sales and margins. The joint offering will help retailers achieve: Image-enhancing, profitable prices that achieve strategic and financial objectives; Targeted, loyalty building, measurable promotions that incent shoppers to buy more and buy more often; Effective end-of-life and end-of-season markdowns that clear inventory at the high possible margin; Revionics’ Life Cycle Price Optimization includes three major solutions: Revionics® Price Optimization, blending pricing science, business rules and pricing strategy with the power of simulation to recommend optimal zone, channel and segment pricing; Revionics® Promotion Optimization, which identifies the best items and offers by segment, channel and promotional vehicle; Revionics® Markdown Optimization enables retailers to optimally clear products from inventory, achieving sell-through goals while improving margins.
Revionics, Inc. Announces MGM Resorts International Signs Multi-Year Agreement for Revionics Price Optimization
May 19 15
Revionics, Inc. announced that MGM Resorts International has signed a multi-year agreement for Revionics® Price Optimization to enhance retail pricing strategies throughout its U.S. properties, including Bellagio, MGM Grand, Mandalay Bay, The Mirage and other properties. Revionics will assist MGM Resorts in driving and measuring profitability across hundreds of its retail locations, scaling pricing processes to accommodate its retail growth and incorporating enhanced reporting, forecasting and analysis. The solution features science-based pricing recommendations, self-tuning pricing models, real-time what-if scenario planning tools and the ability to rank pricing recommendations based on what will make the most impact on the business. Revionics Performance Intelligence provides a clear, graphical dashboard of the pricing strategies and state of the overall business, which frees the MGM Resorts pricing team to focus on more strategic pricing initiatives and less on manual pricing reviews.
REMA 1000 Selects Revionics Price and Promotion Optimization
Apr 14 15
Revionics, Inc. announced that they have entered into a multi-year agreement for Revionics® Price Optimization and Revionics® Promotion Optimization with REMA 1000, a leading Scandinavian multinational supermarket chain. The solutions will be leveraged in all product categories across all of their retail stores. After an in-depth industry search, REMA 1000 chose Revionics’ life cycle pricing solutions due to the solutions’ proven ability to help retailers make data-driven pricing and promotion decisions at the speed, scale and frequency necessary to capitalize on today’s ever-changing marketplace conditions. Three trends have elevated the importance of life cycle pricing precision – value oriented shoppers, easy access to information and the expanded range of competitors and channels they can shop. Leveraging advanced science and predictive analytics, REMA 1000 will be able to strategically manage pricing and consistently align it with their brand image, offer promotions that are compelling and profitable and more accurately forecast and measure key financial metrics. REMA 1000 prides itself on selling high quality products at the lowest price in the market. Revionics was selected for their ability to be both consumer and competitive responsive with a quick turnaround. This gives the security of always having the lowest price in the market. Systematically execute competitive positions and desired price image; Align price strategy with category and financial objectives; Price at a level that exploits local shopper behavior; Execute relevant and profitable promotions; Rapidly fine tune strategies as market conditions change; Measure pricing and promotion effectiveness.
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