o9 Solutions, a leading software platform provider for integrated planning and decision-making, announced that it has been named a Leader in the IDC MarketScape: Worldwide Retail Merchandise Operations Management Solutions 2023 Vendor Assessment (Doc #US49842123, December 2023).
The IDC MarketScape report recognized o9’s retail offering for its high flexibility, depth and granularity, as well as speed and efficiency. The report stated that o9’s “merchandising capability has the ability to dive deep into specific levels effectively with the ability to combine data, decision making, and visualization at highly granular levels including SKU level, product level, and attribute levels such as color or size that can be tailored to the business.” The IDC MarketScape also highlighted that o9’s “speed and efficiency of their solutions set speaks for itself in being able to deliver and manage data across multiple applications and assisting buyers, planners and allocators for their retail customers.”
Being named a Leader in the IDC MarketScape: Worldwide Retail Merchandise Operations Management Solutions 2023 Vendor Assessment marks another milestone achievement during a year of tremendous growth and innovation for the Company. In Q3 ’23, o9 reported that annual recurring revenue (ARR) increased by 51% year-over-year, growth that was driven equally by new and existing enterprise clients in Brazil, India, Japan, Korea, North America, and Europe.
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Last quarter, o9 announced that its existing investors, led by General Atlantic’s BeyondNetZero, have invested an additional $116 million in the Company, driving its value up to $3.7 billion. o9 also recently announced significant steps to augment its Digital Brain platform with cutting-edge generative AI capabilities. Earlier in the year, the Company launched its innovative Supplier Relationship Management solution, which sets a new standard for multi-tier supplier collaboration by leveraging AI and advanced analytics capabilities to drive real-time, bi-directional collaboration between companies and their suppliers.
“In today’s complex and volatile business environment, retailers are increasingly turning to integrated business planning platforms like the o9 Digital Brain to facilitate data-driven decision-making and un-siloed collaboration at scale across their organization,” said Chakri Gottemukkala, Co-Founder and CEO of o9 Solutions. “Our ongoing growth and success underscores the exceptional value that our AI-powered platform delivers to our clients across a wide range of industries and geographies. We are honored to be recognized by the IDC MarketScape as a Leader in retail merchandise operations management.”
SOURCE : BusinessWire