SAN FRANCISCO, Jan. 15, 2015 /PRNewswire/ -- Symphony Commerce, an enterprise-level commerce as a service platform, has been named the Shop.org Digital Commerce Startup of the Year, beating out 60 other startups. The company is bringing commerce capabilities once non-existent or available only to mega-retailers to SMB brands to propel their growth. The company was chosen by a judging panel that included business leaders at National Retail Federation, Northwest Venture Partners, Simon Venture Group, Modcloth, Hudson's Bay Company and Abercrombie and Fitch as the startup with the greatest potential to transform the shopping experience and make a positive impact on the retail industry.
The gross merchandise value Symphony has processed on its commerce as a service platform, which takes the friction out of running an ecommerce business, has increased by 400 percent year-over-year and is on track to top $1 billion by 2016. Symphony's own revenue has increased 280 percent year-over-year as new customers have joined the fast-growing group of brands relying on Symphony's technology and services.
"We believe that great companies are created when they focus on and master the core aspects of their business. For retailers, this is merchandise, branding and customers," said Harish Abbott, CEO and co-founder, Symphony Commerce. "The brands that partner with us on critical operations are freed up to focus on those core elements and able to scale retail and wholesale business and go toe-to-toe with big name brands."
Brands that partner with Symphony benefit from high-quality, end-to-end commerce infrastructure, with support for and seamless communication between web and mobile storefront, payments, order and inventory management, warehouses and fulfillment. Customer Diamond Candles' sales grew 10x while headcount grew only 2x; Boll and Branch's online sales grew 3,300 percent with Symphony and Marquee Lights increased sales by over 250 percent in their first year with Symphony.
"Retail is changing at lightning speed and many of the innovations we're seeing today exist because people like Harish followed his dreams to build a company that would so strongly impact our industry, and in this instance, a company that would change the way retailers and brands grow their businesses in the digital space," said Vicki Cantrell, NRF Senior Vice President and Shop.org Executive Director.
To get started with Symphony's end-to-end commerce as a service platform, or to learn about its fulfillment as a service, store as a service, or commerce cloud, please visit www.symphonycommerce.com.
About Symphony Commerce
Symphony delivers enterprise-level commerce as a service to fast-growing brands. Symphony handles critical wholesale and retail business requirements from commerce applications to supply chain logistics. This allows its customers to focus on core functions like building products and nurturing customer relationships. Symphony's commerce services include integrated solutions for web stores, fulfillment, and marketing. These services come together seamlessly to deliver intelligent and personalized experiences across the customer lifecycle, so its users can deliver a unified, branded commerce experience. With a pay-per-use model, its success is tied to its brands; there are no setup costs or hidden fees.
SOURCE Symphony Commerce