Following the delivery of 133% ROI and
USD 5.8M in cost savings to
enterprises migrating from legacy platforms, VTEX is named a Leader
in two IDC Marketscape reports for B2B and B2C Digital Commerce for
MidmarketGrowth and is recognized with a Customers' Choice
distinction in Gartner Voice of the Customer report
NEW
YORK, March 12, 2024 /PRNewswire/ -- VTEX
(NYSE: VTEX), the composable and complete commerce platform for
premier B2C and B2B brands, has garnered recognition from industry
experts in just the first few months of 2024, which we believe
solidifies our position as a global leader shaping the future of
digital commerce:
- VTEX named a 'Leader' in IDC MarketScape: Worldwide B2B
Digital Commerce Applications for Midmarket Growth 2023-2024 Vendor
Assessment (doc #US50625723, December
2023) Read more here.
- VTEX is the sole vendor named a Customers' Choice in the
2024 Gartner® Voice of the Customer for Digital Commerce
Report: 98% of VTEX customers are willing to recommend the
ecommerce platform to peers and VTEX received an average customer
rating of 4.8/5.0 based on 57 total reviews as of November 2023. Read more here.
- VTEX named a 'Leader' in IDC MarketScape: Worldwide B2C
Digital Commerce Platforms for Midmarket Growth 2024 Vendor
Assessment (doc #US50626123, January
2024): VTEX is the highest rated 'Leader' among 25
digital commerce vendors evaluated in the report. VTEX, and its
pragmatic composability approach to digital commerce, is recognized
for its versatility across various industries, including retail,
CPG, grocery, manufacturing, distribution, and others. Read more
here.
These reports follow the September
2023 Total Economic Impact™ Of The VTEX Digital
Commerce Platform (TEI) study conducted by Forrester Consulting on
behalf of VTEX. The study found enterprise brands that migrated to
the VTEX platform benefited from both developer and marketing
operations efficiency and the ability to support multiple business
models (B2C, B2B, and marketplace capabilities) for a
unified commerce approach on a single platform.
Real-world results from merchants unveil key benefits of VTEX:
133% return on investment; business growth yields an
additional USD 17.1 million;
savings of USD $5.8M after
migrating from a legacy digital commerce platform to VTEX. Read
more here.
"Being named a Leader from a leading analyst firm such as IDC,
along with the Forrester TEI study, underscores the immense value
global brands acquire when deploying VTEX's composable and complete
platform. We believe this is also in line with our peer recognition
as a Customers' Choice in the Gartner Voice of the Customer report
for Digital Commerce", said Santiago
Naranjo, CRO at VTEX. "VTEX is at the forefront of shaping
the future of commerce. By streamlining digital commerce
infrastructure, we're bringing profitable growth to enterprises in
43 countries around the globe."
Some of the enterprise brands that are ushering in a new era
of digital commerce as new VTEX clients in 2023 include:
- 7-Eleven
- BeautyCounter
- Hearst
- H-E-B
- Kayser Roth
- Osklen
- Pierce Manufacturing
- Tiffany & Co.
To learn more about VTEX's industry recognitions, data-backed
customer cases from B2C and B2B enterprise brands, and much more,
click here.
Gartner Disclaimer:
Gartner, Voice of the
Customer for Digital Commerce, Peer Contributors, 30 January 2024
GARTNER is a registered trademark and service mark of
Gartner, Inc. and/or its affiliates in the U.S. and
internationally, and PEER INSIGHTS are registered trademarks of
Gartner, Inc. and/or its affiliates and are used herein with
permission. All rights reserved.
Gartner Peer Insights content consists of the opinions of
individual end users based on their own experiences with the
vendors listed on the platform, should not be construed as
statements of fact, nor do they represent the views of Gartner or
its affiliates. Gartner does not endorse any vendor, product or
service depicted in this content nor makes any warranties,
expressed or implied, with respect to this content, about its
accuracy or completeness, including any warranties of
merchantability or fitness for a particular purpose.
About VTEX:
VTEX (NYSE: VTEX) is the
enterprise digital commerce platform where forward-thinking CEOs
and CIOs smarten up their investments. Our composable and complete
platform helps brands and retailers modernize their stack and
reduce maintenance costs by rapidly migrating from legacy systems,
connecting their entire value chain, and making inventory and
fulfillment their strength. As a leader in digital commerce, VTEX
is trusted by 2,600 B2C and B2B customers, including Carrefour,
Colgate, Motorola, Sony, Stanley
Black & Decker, and Whirlpool, having 3,500 active
online stores across 43 countries (as of FY ended on December 31, 2023). For more information, visit
www.vtex.com.
About IDC MarketScape
The IDC MarketScape
vendor assessment model is designed to provide an overview of the
competitive fitness of ICT (information and communications
technology) suppliers in a given market. The research methodology
utilizes a rigorous scoring methodology based on both qualitative
and quantitative criteria that results in a single graphical
illustration of each vendor's position within a given market. IDC
MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and
future market success factors of IT and telecommunications vendors
can be meaningfully compared. The framework also provides
technology buyers with a 360-degree assessment of the strengths and
weaknesses of current and prospective vendors.
Contact: Walker Sands,
vtex@walkersands.com
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SOURCE VTEX