MIAMI, April 25, 2017 /PRNewswire/ -- VTEX Cloud Commerce Platform is now one of the newest entrants on Gartner's Magic Quadrant 2017, published by the world's leading information technology research and advisory company, placing them in direct competition with companies such as Salesforce, Oracle, IBM, SAP Hybris, and Magento. This groundbreaking achievement comes as a testament to the company's continuous global expansion.
The VTEX name is synonymous with innovation and has been on the forefront of the evolution of global industry standards in e-commerce. One such example is their SmartCheckout™ feature, a patent-pending technology focused on increasing conversion rates with a password-free, one-click, one-page checkout experience. The company attributes its rapid success to consistently maintaining the most agile culture, which enables them to fully balance a diverse slate of customers' needs to consistently deliver unified experiences. This agile culture combined with consistent cutting edge technology has allowed the VTEX platform to continuously deliver over 8,000 deploys/ upgrades in 2016.
Last year the company launched their US and European operations with the opening of offices in Miami, London and Madrid, growing the VTEX global presence to 11 offices in 10 countries. The company has invested deeply in their partnership program, which has enabled them to build and cultivate relationships across a variety of industry-specific partners who specialize in a wide array of areas. With over 1,000 partners worldwide ranging from implementation agencies (SIs) to payment gateways and marketplaces, VTEX is immensely proud to offer the advantages of this ecosystem to all of their customers.
Regarding their digital commerce presence, VTEX has over 17 years of experience and includes more than 2,000 online stores in 20 countries among their achievements. The VTEX platform is currently used by 40% of the most valuable brands in the world, serving companies like Sony, Whirlpool, C&A, Walmart, Coca-Cola, among many others. "This recognition is yet another milestone in our company's continuous progression that indicates we are on the right path. Our team is exceptionally proud and motivated to continue rolling out disruptive technologies that better serve brands and retailers," said Mariano Gomide de Faria, VTEX co-CEO.
VTEX defies all conventional logic having started their journey throughout emerging markets. "Being developed and integrated, as well as succeeding in very adverse markets added to the VTEX platform's unique resilience and comprehensiveness not found in any other cloud commerce platform. This evolution strengthened our solution's capacity of serving the commerce needs of over 50 countries, and is now able to compete on equal terms with such global platform leaders such Salesforce, Oracle, IBM, SAP Hybris and Magento," added Alexandre Soncini, VTEX North America General Manager.
With VTEX having placed a position onto Gartner's Magic Quadrant, and actively competing with the global market's most significant contenders, expect an even higher level of innovation, time-to-market, and delivery from a newly minted world-class software company.
VTEX is the only True Cloud Commerce platform in the digital commerce software market with an auto-scaling elastic cloud infrastructure that leads to higher conversion rates, stronger customer loyalty and lower TCO. Utilizing the exclusive patent-pending SmartCheckout™ technology - a secure, intuitive and easy password-free process, VTEX presents an excellent option for digital commerce. Companies running the VTEX platform have seen a 54% increase in conversion rates, and a significantly lower rate of cart abandonment. Since 2000, VTEX's pioneering R&D teams have provided customers all over the world with a comprehensive, fully-adaptable, omni-channel solution that keeps pace with ever-changing customer expectations. VTEX is trusted by over 1,000 clients worldwide including Walmart, Danone, Whirlpool, Coca-cola, Pandora, Avon and Lego. To learn more about VTEX, please visit: http://www.vtex.com.
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SOURCE VTEX Cloud Commerce