Boxed Launches Spresso SaaS Solutions on Google Cloud Marketplace to Provide Data-Driven Insights to Joint Customers
January 10 2023 - 6:59AM
Boxed, Inc. (NYSE: BOXD) (“Boxed” or the “Company”), the
technology-driven company specializing as both an e-commerce
retailer and e-commerce enabler, announced that Spresso, its SaaS
modular solution platform, is now available on the Google Cloud
Marketplace, indicative of a deepening of the partnership between
Boxed and Google Cloud.
The launch of Spresso on Google Cloud Marketplace
unlocks new value for joint customers and creates opportunities for
enhanced operational insights for businesses, globally. Google
Cloud customers can now take advantage of Spresso’s actionable
insights driven by advanced analytics, machine learning, and AI to
better forecast customer value, predict churn, and optimize pricing
for profitability and conversion.
Spresso’s inaugural marketplace offering includes
its price optimization module. The solution helps businesses
optimize pricing at the SKU-level for profit, conversion, or a
balance of both, using first-party data and advanced analytics.
Customers
“The launch of Spresso on Google Cloud Marketplace
gives businesses the ability to action their most powerful, often
underutilized asset, their data.” Jared Yaman, Chief Operating
Officer at Boxed and Spresso Business Head. “Building on a
longstanding relationship with Google Cloud, we are excited
customers can easily purchase and implement Spresso solutions
through Google Cloud Marketplace, enhancing time to value.”
Spresso’s modularized analytics and machine
learning solutions drive more profitable business outcomes through
actionable insights designed to help customers scale effectively
through efficient growth and cost reduction. Spresso’s solutions
empower merchants to leverage their data to drive measurable profit
gains.
“In this macroeconomic climate, businesses need
SaaS solutions that solve challenges they’re confronted with every
day, and pricing is at the top of that list,” said Dai Vu, managing
director, Marketplace & ISV GTM Programs, Google Cloud. “With
Spresso now available on Google Cloud Marketplace, customers will
be able to use their first-party data to optimize SKU-level
profitability, without conceding conversion.”
This launch builds on the recent momentum of
Spresso’s software launches for AEON Malaysia and expansion to AEON
Vietnam. Explore Spresso on Google Cloud Marketplace by visiting
here.
About Boxed Boxed is an
e-commerce retailer and an e-commerce enabler. The Company operates
an e-commerce retail service that provides bulk pantry consumables
to businesses and household customers, without the requirement of a
“big-box” store membership. This service is powered by Spresso, the
Company’s own Software & Service business. From solving
challenges with data using machine-learning modules to
re-platforming with end-to-end technology, Spresso’s purpose-built
storefront, marketplace, analytics, fulfillment, advertising, and
robotics technologies enable better business outcomes for
e-commerce customers. The Company aspires to make a positive social
impact with an emphasis on good Environmental, Social and
Governance practices, and as such, has developed a powerful, unique
brand, known for doing right by its customers, employees and
society. For more information, please visit
investors.boxed.com.
Media Contacts David Taft Boxed
dave@boxed.com
Investor Contacts Chris
Mandeville ICR BoxedIR@icrinc.com
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