Investment to accelerate Revionics’ global expansion and research and development of its End-to-End Merchandise Optimization Solutions
AUSTIN, Texas and SCHAUMBURG, Ill. – February, 13, 2014 – Motorola Solutions, Inc. (NYSE:MSI), through its strategic investment arm Motorola Solutions Venture Capital, has invested in Revionics, a global provider of proven End-to-End Merchandise Optimization solutions that enable retailers to transform from product-centricity to shopper-centricity and make data-driven merchandise planning decisions. This investment will be used to further accelerate Revionics’ global growth into new markets and expand research and development efforts.
“Revionics has a compelling suite of retail software solutions that provide quantifiable returns on investment for retailers,” said Reese Schroeder, managing director, Motorola Solutions Venture Capital. “The company has a solid business model and a world-class list of global customers and partners. In addition, I see strong continued momentum in the growth of its business. These are all the key elements we look for in an investment.”
Extreme competition along with value-oriented and informed consumers that shop at-home, in-store and on-the-go are driving retailers globally to better understand and respond to shopper behavior by channel, store, touch point and product. Revionics’ optimization solutions fulfill this unmet need and enable retailers to make data-driven, shopper-centric price, promotion, markdown, assortment and space allocation decisions for improved financial performance and customer loyalty.
“Revionics is delighted to have Motorola Solutions as an investor,” said Marc Hafner, Revionics president and CEO. “The global market for end-to-end merchandise optimization is growing rapidly. This relationship validates our strong leadership team and the positive financial impact our solutions have on our incredible portfolio of clients around the world.”
About Revionics, Inc. Revionics delivers the industry’s most powerful End-to-End Merchandise Optimization solution, enabling retailers of all sizes to execute a fact-based Omni-channel 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 Omni-channel shopping episode – online, in-store, social and mobile. Offered on a scalable, high performance Cloud-based SaaS platform, these solutions future-proof retailers from Big Data/Fast Data challenges, while providing speed-to-ROI. Over 37,000 retail locations and $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 2012 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.
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com. For ongoing news, please visit our newsroom or subscribe to our news feed.
About Motorola Solutions Venture Capital
Motorola Solutions Venture Capital is the strategic equity investment arm of Motorola Solutions. Its diversified portfolio is focused on “new-idea” companies and opportunities that complement Motorola Solutions’ business strategy. Motorola Solutions Venture Capital invests at all stages in developing companies to accelerate access to new technologies, new markets and new talent. For more information, please visit www.motorolasolutions.com/ventures.