Revionics, an Austin, Texas-based global provider of proven End-to-End Merchandise Optimization solutions, raised growth financing from Goldman Sachs.
In conjunction with the deal, whose amount wasnot disclosed, Revionics appointed Hillel Moerman, Co-Head of the Goldman Sachs Private Capital Investing group, to its board of directors and Holger Staude, also a member of PCI, as board observer.
The funds will be used to accelerate the company’s global market share and expand research and development efforts for its solutions.
Led by Marc Hafner, CEO, Revionics provides merchandise optimization solutions, which leverage advanced predictive analytics and demand-based science to enable retailers of all sizes to execute a fact-based omnichannel merchandising strategy utilizing a set of shopper demand signals to enhance financial performance.
The company’s platform allows retailers to have the right product, price, promotion, placement and space allocation for optimal results across all touch points, online, in-store, social and mobile.
It is currently used by over 37,000 global retail locations across grocery, drug, building materials, convenience, general merchandise, discount, sporting goods stores and eCommerce sites.