Revionics Achieves Key Growth Milestones
SACRAMENTO, CA, January 22, 2007 | Revionics, Inc., a Sacramento-based provider of price optimization software for small and medium sized retailers, today announced the attainment of several important milestones related to funding, internal growth, and customer count. After recently closing a successful Series A round of financing in December, Revionics is poised to move to a new location in Granite Bay, California. The new location in the Granite Bay Business Park will house a rapidly expanding staff and provide a central base of operations for growth in 2007 and beyond.
Revionics also announced that it had tripled its base of subscribing customers in the last six months, a result of tremendous interest from their target market. The company is forecasting a substantial increase in subscribing customers again in 2007 as more prospective customers are exposed to the Revionics Price Optimization solution. The privately-held company declined to disclose the details surrounding its customer base or financing activities.
“Today’s announcement conveys our genuine optimism that our business is entering a very exciting time,” said Revionics President and CEO, Todd P. Michaud, who added, “Our subscription-based, pay-as-you-go offering has struck a cord with many innovative small and medium sized retailers who view our price optimization solution as an essential tool to effectively compete.”
About Revionics, Inc.
Revionics is a leading provider of price optimization solutions for small and medium-sized Retailers. The Revionics Advanced Pricing System (RAPS on Demand) generates increased sales and profits through sophisticated price optimization technology as a subscription-based, Software as a Service (SaaS). Using RAPS, retailers can manage information from multiple distributors, manage multiple stores’ prices from one screen, and manage Temporary Price Reductions from several manufacturers. For more information please visit www.revionics.com.
New Address Information as of February 12, 2007:
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4208 Douglas Boulevard, Suite 300
Granite Bay, CA 95746