MOUNTAIN VIEW, Calif., Nov. 13, 2012 /PRNewswire/ -- Retail Solutions Inc., the leading provider of retail-data technology for the consumer-products industry, has earned a coveted spot on the Inc. 500|5000 list of the nation's fastest-growing private companies for the third year in a row. The widely tracked list represents the most comprehensive look at a key segment of the U.S. economy and validates RSi's position as a market leader in providing "big data" analytic solutions to the U.S.'s largest consumer brands.
Retail Solutions, with 2011 revenue of $24.7 million, was credited by Inc. with strong revenue growth and the addition of 153 jobs over three years. The company was founded in 2003 and provides SaaS-based technology to help Fortune 50 companies and others track product sales and inventory in near-real time, which boosts sales and lowers costs across the supply chain.
Earlier this month, Retail Solutions also ranked #49 on the San Jose Business Journal's annual list of expanding private companies in Silicon Valley. Other companies on the list—which ranked entrants based on revenue growth from 2009 to 2011—included well-known Silicon Valley names including Facebook, Marketo, Palo Alto Networks and Guidewire Software. Three of those companies have since gone public.
"Being named to the Inc. list for three straight years, and receiving the Silicon Valley honor—which puts us in the company of other great technology names--is a tremendous accomplishment and makes our team so proud of the work we're doing," said RSi Chairman and Chief Executive Jon Golovin. "We are looking forward to more growth in 2013 as we expand overseas." RSi this year expanded its footprint in Europe with new offices in the UK, Germany and Russia.
Additionally, a partnership with Logistica de Mexico provided an opportunity for RSi to begin doing business in Mexico City. (See related RSi press release also issued today.)
Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000. A link to the San Jose Business Journal's 2012 "Fast Private Awards" is here: http://www.bizjournals.com/sanjose/feature/fast-private-awards-2012.html.
About Retail Solutions
Retail Solutions is the leading provider of technology that helps consumer-product companies derive value from retailer data. The company's comprehensive suite of software-as-a-service solutions gives manufacturers up-to-the-minute product and demand visibility from the warehouse to the store shelf to the shopper, leading to increased sales and better inventory management. Retail Solutions' platform is trusted by more than 500 global companies including 3M, Abbott, Bausch & Lomb, Bayer, Colgate-Palmolive, Clorox, Heineken, H-P, Kraft, Nestle, Novartis, Procter & Gamble, Schering-Plough and Unilever. For more information, visit www.retailsolutions.com.
The Buckman Group / For Retail Solutions
SOURCE Retail Solutions Inc.