Symphony RetailAI, a leading global provider of integrated AI-enabled marketing, merchandising and supply chain solutions for FMCG retailers and manufacturers, has announced its 2020 growth and momentum, with both SaaS revenue and perpetual licence revenue up considerably from the year prior.
Additionally, Symphony RetailAI announced the appointment of three new members to the executive team, including one based in the UK, who will play key roles in the company’s continued growth trajectory.
Looking to the most recent sales quarter, total revenue was up 19% in Q4 2020 compared to Q4 2019. The company’s growth for 2020 yielded a SaaS revenue increase of 65% and perpetual licence revenue growth of 76% when compared to 2019. Further, the company expanded transformation initiatives with existing and new industry leaders including Intermarché, Smart & Final, Dagrofa, Buy-Low, Rossman, Magnum Cash & Carry, Globus and SPAR Saudi Arabia, as well as CPG manufacturers like Mars, PepsiCo and ABInBev in 2020.
“Retailers and CPGs were faced with significant and never-before-seen challenges in 2020. COVID-19 exposed troubling gaps and major weaknesses in the retail supply chain,” said Chris Koziol, CEO, Symphony RetailAI. “As we look closer at these issues, it’s becoming very clear that the traditional technologies and processes held by the FMCG community are incapable of keeping up with today’s challenges. By turning to providers with proven AI-powered solutions, retailers empower themselves with advanced tools to respond to customer behaviour shifts with greater speed and agility. We are honored so many retailers, wholesalers and manufacturers selected Symphony RetailAI as their strategic partner last year. We are more committed than ever to delivering on our customer promise: To be the easiest to do business with, delivering the best-quality software and customer service, and using breakthrough AI-powered solutions to deliver significant value in the first year.”
To support Symphony RetailAI’s growing customer base, Bob Kyle has been named senior vice president of sales, North America, and Ryan Chan has been named as senior vice president, global solutions & value consulting.
Jarek Majdanski joins the team in the UK as strategic accounts director (UK&I). Majdanski most recently served as vice president of sales, PRM, at Blue Yonder (previously known as JDA) where he spent 10 years. He brings vast experience managing the sales of enterprise software across the supply chain and meeting multimillion sales targets for his region. At Blue Yonder, he was responsible for generating overall regional revenues for the company of $13 million USD annually. Majdanski will lead the growing sales team in the UK and Ireland as the company looks to expand in this market.
“We are incredibly excited to welcome Bob, Ryan and Jarek to the Symphony RetailAI family,” said Dale Grant, chief revenue officer, Symphony RetailAI. “They are all exceptional leaders, and because of their proven experience in the grocery and CPG sectors, we are confident they will have a meaningful impact on our continued growth and success in the market.”
Visit SymphonyRetailAI.com to learn more about how the company’s enterprise-wide AI platform is driving revenue and margin growth for today’s retailers and CPG manufacturers.