[April 27, 2015] |
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Indix Continues Strong Growth with Record Q1
Indix,
the cloud-based Product Intelligence company that provides analytics and
insights for brands, retailers and commerce enablers, continues to drive
the change behind how consumers buy and the way brands and retailers
sell. Today, it announced Q1 2015 as its strongest quarter to date.
Indix added several new customers to its roster, helping spur more than
250 percent growth in quarterly revenue year-over-year. Already engaged
with companies such as Microsoft,
Shoes.com
and Sierra
Trading Post, Indix struck new agreements with Trov,
LBU
Lighting, Optoro,
Booodl
and Prosperent
in Q1 2015.
The additional deals and rapid growth help Indix significantly advance
its goal of helping reshape commerce across retail, B2B and digital. In
the past year alone, Indix added 400,000 new sellers, 7,000 new brands
and an additional 500 million new products to its database of nearly 1
billion products. It also released v1.1 of its API so customers can pull
on-demand reports, enable Search and Matching Services (SMS), and
leverage the Indix machine learning algorithms.
Mobile app Trov lets its users organize, protect and value their
belongings, from cars to bicycles to jewelry. With access to the Indix
database of more than 700
million products, Trov will not only offer up-to-the-minute
intelligence on product value, but also will organize and group similar
products. People using Trov can be alerted when marketplace values
change, signaling it's either time to sell that car for top dollar or
pick up a new one at a great price.
"This is the start of something great," said Trov CEO Scott Walchek.
"Indix's technology and platform are powerful tools that we now have at
our fingertips. It has opened the door to insightful information on
hundreds of millions of products for us. The end result is an
outstanding experience for Trov users and one we know people will love."
For Indix's customers and partners, getting access to and understanding everything
about products means better consumer targeting, faster products to
market, smarter pricing decisions, and an ability to instantly deliver
the right product to the right person at the right time. Doing that well
naturally translates to more sales for brands and retailers.
Indix's new customers and partners are all harnessing the power of
Product Intelligence insights and analytics to improve what and how they
offer products. Prosperent utilizes the technology to organize more than
50 million retail products, while Optoro is combining their large set of
proprietary inventory information with market information from Indix to
revolutionize the way retailers approach their excess and returned
inventory and help move it through their site, blinq.com.
"We're seeing businesses, from startups to Fortune 500 companies,
realize the true potential of Product Intelligence and big data
analytics," explained Sanjay Parthasarathy, founder and CEO of Indix.
"When you know more than your competitor does about the product and the
customer, you're winning the game. Plain and simple."
For more information, log on to www.Indix.com.
Call or email Zach Pardes at RLM PR to speak with Sanjay Parthasarathy: [email protected]
or (212) 471-5005.
About Indix
Indix is building the world's largest product database and a Product
Intelligence platform that helps businesses boost productivity, drive
innovation, and accelerate growth. Using the Indix App and APIs,
businesses can improve product search and discovery, optimize promotions
and offers, enrich product catalog attributes, and analyze the market
and competitors. Indix also provides machine learning services using
proprietary data science algorithms. Indix currently tracks more than
700 million products across more than 7,000 categories. The company now
has offices in Seattle, San Francisco and Chennai. For more information,
please visit http://www.indix.com.
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