AI-Powered Pricing Leader Achieves Second Top 15 Ranking and
Celebrates Technology Innovation
DAVIS,
Calif., Aug. 20, 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 inclusion on
The Sacramento Business Journal's Top 50 Fastest Growing Companies
list, earning the Top 15 placement for the second time.
"... We look forward to building on our
track record of increasing our customers' visibility and of driving
2-4% revenue growth, 1-2% traffic gains, 5-8% margin improvement,
and 2% price perception improvements." said Anup Doshi, PhD, CTO of Engage3
Partnering with Customers to Drive Innovation
Edris Bemanian, CEO of Engage3,
remarked, "Our largest customers have partnered with us for over
six years on average—a testament to the trust and value we've built
together. Their continued collaboration enables us to dive deeper
into competitive intelligence, our strategic analytics
capabilities, and our Price Image optimization science. We've
already seen tremendous growth in the first half of 2024, driven by
both existing and new customer expansion. In response, we retooled
and launched our new Customer Advisory Board in July, reinforcing
our commitment to prioritizing the capabilities that help our
customers achieve their business and price perception
objectives."
Cutting Edge of Large-Scale Data Acquisition & Model
Training, Behavioral Science, and AI
"In 2024, we collaborated with clients to deploy dozens of
innovative new features," said Anup
Doshi, PhD, CTO of Engage3. "We're proud of the Engage3 team
for embracing and driving innovation to continue our global growth.
We've made tremendous strides in developing, implementing, and
enhancing our native Engage3 Large Language Models for product
linking, integrating with GenAI in real-time through our web
crawling platforms, advancing our Machine Learning models for
reverse-engineering retailers' strategies, and bringing together
native generative and discriminative AI with behavioral modeling to
measure and optimize Price Image. Through the advancement of our
proprietary data, software, and AI assets, we look forward to
building on our track record of increasing our customers'
visibility and of driving 2-4% revenue growth, 1-2% traffic gains,
5-8% margin improvement, and 2% price perception improvements."
Embracing a Growth Mindset
"This list assesses companies based on their three-year growth
rate," said Bemanian. "Over that period, we've quadrupled our
customer count, doubled our team size, expanded into numerous
countries, and extended our support to a range of new industries.
This recognition is a testament to the hard work and dedication
that our team has displayed over the last three years in achieving
these key milestones. Their commitment to customer success and
their growth-focused mindsets have been the driving forces behind
our achievements. We look forward to celebrating continued
innovation and growth as we aim our pricing platform at the
billions of dollars of inefficient trade spend."
More News & Thought Leadership from Engage3:
- Engage3 Recognized in Inc. Magazine List of Fastest Growing
Companies for 9th Year in a Row and Awarded Patent for Personalized
Pricing AI Commerce System
- 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
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.
Media Contact
Katrina Marie Odsinada, Engage3, (530) 220-1102,
kodsinada@engage3.com , www.engage3.com
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SOURCE Engage3