Mi9 Retail Announces Strong First Quarter 2015

Mi9 Retail Growth Spurs Team Expansion

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Apr 10, 2015, 01:30 ET

MIAMI, April 10, 2015 /PRNewswire/ -- Mi9 Retail, the premier provider of enterprise retail merchandising, business intelligence and store operations software, today announced over 90% year-over-year growth for the quarter ending March 31, 2015. The company's first quarter sales included the signing of multiple new logo customers for Mi9 Retail's full merchandising and business intelligence solution to replace numerous existing legacy systems, including a $1 billion revenue department store chain, a specialty retailer with over 400 locations in the United States and a discount store chain with over 200 locations in Europe. Each of these retailers selected Mi9 Retail after completing comprehensive evaluations of the largest retail ERP systems on the market.

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"Our growth reflects widespread acceptance of Mi9 Retail's solutions by some of the world's most recognizable retailers," said Jason Williams, chief financial officer at Mi9 Retail. "Our ease of implementation, combined with an advanced architecture for seamless integration across back-end systems, enables our customers to realize the direct financial benefits of their Mi9 Retail systems rather quickly."

Based on its planned growth for 2015, Mi9 Retail is expanding its team to better serve its impressive list of large retail clients, scale its business opportunities, enhance its technology, as well as build its brand. In the past year, Mi9 Retail has grown its team by approximately 80% and plans to continue its aggressive growth throughout 2015. The expansion is a result of the company's strong technology advancements and successful customer acquisitions. A leader in the retail technology sector, Mi9 Retail is headquartered in Miami, FL with offices in Toronto, ON and Pleasanton, CA.

Founded in 2001, Mi9 Retail offers a fully-integrated, scalable, end-to-end retail suite consisting of a merchandise management and store solution built from the ground up on business intelligence. The Mi9 Retail Suite delivers a streamlined solution that combines data management, business intelligence and financial controls designed to drive actionable analysis at every level of the enterprise. The Mi9 Retail Suite provides one source of information to support buying, pricing, inventory management and inventory valuation creating a fully-aligned experience across all retail channels to satisfy customer demand. The suite integrates all store and retail management functions and provides information in real time anywhere in the enterprise. Ready-to-use out of the box, Mi9 Retail offers a highly configured solution that enables an inexpensive upgrade path, simplifies product support and ensures a best-practices platform.

"Technology leadership and commitment to our customers are key differentiators for Mi9 Retail," said Neil Moses, president of Mi9 Retail. "As we build out our team, we are focused on embracing emerging technologies and exceptional customer support and defining how these elements can help our clients transform their business."

About Mi9 Retail

Mi9 Retail is the premier provider of enterprise retail merchandising, business intelligence and store operations software. Mi9 Retail has developed the only enterprise-grade merchandising and business intelligence solution on the market available as a single product. This enables the software to process high volumes of transactions in real time, optimize inventory across all channels of the business, provide a single, accurate source of the truth, reduce the costs to implement and maintain and provide the industry's fastest time to value. For more information, visit www.mi9retail.com.

SOURCE Mi9 Retail