MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Boomerang Commerce, an innovator in omni-channel pricing technology, announced today it was named by Gartner as a Cool Vendor in Digital Commerce for 2015. Boomerang Commerce is one of only five vendors named in the Cool Vendors in Digital Commerce, 2015 report1, which is part of Gartner’s annual recognition of innovative companies in key technology sectors.
Each year, Gartner identifies new vendors in key technology areas and publishes a series of research reports recognizing these innovative vendors and their products and services. In the Digital Commerce report, Gartner recognizes five 'Cool Vendors' that are innovative players in payments, mobile, pricing, marketplaces and cloud technologies that can augment or complement enterprises' current digital commerce platforms.
In regard to pricing Gartner noted: “The challenge for many retailers in a world of Internet-driven price transparency is staying price-competitive without being dragged into a 'race to the bottom.'”
"We feel being named among Gartner's 'Cool Vendors' speaks to the growing importance to omnichannel retailers of balancing competitiveness with profitability—and the fact that digital innovation is the way for them to achieve that,” said Guru Hariharan, CEO of Boomerang Commerce.
Today, IR100 omni-channel retailers realize $40M in incremental revenue and $9M in incremental margins for every $1B in revenue they run through the Boomerang platform. Boomerang enables this revenue growth and protects margins by rapidly analyzing, testing and deploying smart pricing, inventory and assortment strategies. These retailers gain an unfair advantage by leveraging Boomerang’s deep understanding of how to price products effectively and maximize not just individual transactions but also Customer Lifetime Value (LTV).
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Boomerang Commerce
Boomerang Commerce is an innovator of omnichannel pricing technology, already in use by the largest retail commerce companies in the world. Led by veterans from Amazon, eBay, Adobe and McKinsey, Boomerang leverages complex optimization methods, machine learning, and real-time data analytics to drive dynamic pricing based on business rules and strategies. The company is funded by Madrona Venture Group and Trinity Ventures and was named a Top 50 big data analytics company and Gartner Cool Vendor for Digital Commerce. www.boomerangcommerce.com
1 Gartner "Cool Vendors in Digital Commerce, 2015" by David Kohler, Chris Fletcher, Penny Gillespie, Jason Daigler, 13 May, 2015.