RichRelevance #1 for Personalization Among Internet Retailer 500
Apr 19, 2016/
Analysis of Internet Retailer’s 2016 Top 500 Guide shows RichRelevance is top personalization vendor based on client revenues
San Francisco, CA — April 19, 2015 — RichRelevance®, the global leader in omnichannel personalization, today announced that it is the #1 personalization vendor for the Internet Retailer 500. The top ranking is based on a combined $67.7 billion in online sales across RichRelevance’s clients listed in Internet Retailer’s 2016 Top 500 Guide®.
According to analysis of Internet Retailer’s 2016 Top 500 Guide® data, RichRelevance’s customer base represents nearly 50% more online revenue than the nearest competitive vendor. RichRelevance also significantly outperformed Oracle (#7), Adobe (#8) and Salesforce (#13) in the personalization category with more than double the client revenue of all three platforms combined ($29.4 billion).
Retailers who named RichRelevance as their personalization vendor include prominent retail brands such as Best Buy, Costco, Dell, GoPro, JC Penney, Kohl’s, L.L. Bean, Macys, Office Depot, REI, Under Armour and Walgreens, as well as luxury leaders Barneys New York, Burberry, L’Oreal, Michael Kors, Neiman Marcus, Nordstrom, and others.
“RichRelevance ranks #1 for personalization in the Internet Retailer 500 because of the powerful advantages the Relevance Cloud platform offers for large retailers,” said Eduardo Sanchez, President and CEO of RichRelevance. “We remain completely focused on strengthening the Relevance Cloud by building and bringing in the best technology, whether for call center, POS, search or even virtual reality, to support digital sales in a complex omnichannel environment.”
More than 240 leading retailers use the Relevance Cloud to power personalized content, offers and product recommendations to shoppers across web, mobile, call center and store. Forrester Consulting recently found that the Relevance Cloud personalization platform delivers revenue increases of at least 10% and over $400K in annual maintenance savings. The open, real-time personalization platform combines advanced data science with a world-class Hadoop installation and 12 global data centers that support more than one billion decisions per day.
Sanchez continued: “Faced with an explosion of marketing systems and customer data, our clients are using the Relevance Cloud to unify customer information and orchestrate a real-time customer experience that is consistent – and continuous – across every touchpoint. This is a crucial strategic advantage for our clients, and a significant re-writing of the retail CMO playbook to online and offline sales.”
Methodology: The ranking is based on RichRelevance’s analysis of the collective online revenue of the client bases of the personalization vendors represented in Internet Retailer’s 2016 Top 500 Guide®. The annual Guide provides exclusive rankings and analysis of North America’s 500 leading e-retailers. The merchants ranked in the 2016 Top 500 Guide represent collective U.S. web sales of $286.2 billion, an 84% share of total e-commerce sales in 2015.
BPR for RichRelevance