DAVIS, CA - Engage3 has much to celebrate. The company was recently recognized in Inc. Magazine’s list of America’s fastest growing companies for the ninth year in a row. This recognition coincides with the company’s expansion of its patent portfolio to cover its Personalized Pricing AI Commerce System.
“Congratulations to our team for their unwavering dedication to our growth and a heartfelt ‘thank you’ to our customers for their partnership and trust, which make awards like these possible,” said Edris Bemanian, Chief Executive Officer. “Our expanded patent portfolio, continued investments in our Price Image Management Suite, and ongoing breakthroughs in our AI capabilities underscore our commitment to helping customers achieve their financial and customer loyalty objectives. Retailers leveraging our Price Image capabilities typically see 2-4 percent revenue growth, 1-2 percent traffic gains, 5-8 percent margin improvement, and 2 percent price perception increases. These achievements are a testament to our innovative Price Image science and seamless integration with our competitive intelligence capabilities.”
According to a press release, the Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and hiring challenges.
With this accolade under its belt, Engage3 looks to transform trade promotions with personalized pricing.
“Over $100B is spent annually in the U.S. on trade promotions,” said Tim Ouimet, Co-Founder. “However, research indicates that 50-75 percent of this spending is ineffective due to poor planning and execution, inadequate targeting, and a lack of effective measurement and analysis. Our expanded patent portfolio and advanced personalized pricing capabilities are poised to transform how trade promotions are managed by leveraging individual Price Image drivers and targeted personalized messaging to deliver promotions that are both relevant for shoppers and protable for the retailers and brands funding them.”
Congratulations to Engage3 on this achievement!
