RSi Europe on Pace to Grow Revenues by 40 Percent in 2014
Retail Solutions Inc. (RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry, today announced the expansion of its operations in Europe. Since the opening of its European headquarters in London in 2011, the company has experienced double-digit revenue growth and is on pace to increase revenues again this year by an estimated 40 percent.
To meet the accelerated demand for its data platform throughout the region and the world, RSi Europe nearly doubled its headcount over the last two years. This follows a general trend at RSi with more than half of the company's 360 employees currently deployed outside the United States.
"Four years ago, RSi set a strategic growth plan to build its global presence, establishing collaborative retailer-supplier business processes and RSi Europe as a leading vendor in the burgeoning field of Big Data," said Peter Rieman, COO of RSi. "RSi's expanded European footprint is critical to the company's global operating plan and it enables us to provide better service to our global customers."
Available in nine languages, many of the world's largest brands have deployed RSi globally and across multiple teams. At RSi's top 70 customers, more than 400 retailer teams use RSi daily to ensure products are on the shelf, every day, in every store. RSi Europe has increased its customer base from 22 customers in 2011 to more than 50 in 2013.
"RSi is helping global CPG companies build better dialog and more effective partnerships with major retailers in more and more markets across the globe," said Cedric Guyot, General Manager of Europe for RSi. "Today, we are seeing accelerated momentum in countries as diverse as Russia, Germany, France, Turkey, Poland and Portugal. Both retailers and fast-moving consumer goods manufacturers are looking for technology solutions that help increase collaboration, grow sales, reduce out-of-stocks and build trust between supply chain partners."
Every day, RSi processes billions of records from nearly 100 major retailers at 130,000 locations worldwide. Using its proprietary process, RSi collects, cleanses, harmonizes, and enriches this daily stream of consumer-demand signals and serves this information up via reports and applications designed to drive usability and action. More than 500 major consumer product goods (CPG) companies use RSi to gain valuable insight and complete visibility down to the individual store level. With RSi, users can make better, more informed decisions in near real-time and collaborate with retail and supply chain partners on vital business needs, including distribution voids, on-shelf availability, new product introductions and promotion execution.
