Predict your next investment

Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Retail & Inventory Software
revionics.com

See what CB Insights has to offer

Founded Year

2002

Stage

Acquired | Acquired

Total Raised

$58.75M

About Revionics

Revionics is a provider of End-to-End Merchandise Solutions, including shopper-centric assortments, micro and macro space allocation, pricing, promotions and markdowns. Revionics solutions improve retailer sales, profits, and customer loyalty through sophisticated consumer-demand intelligence and retail-pricing science. On August 5th, 2020, Revionics was acquired by Aptos. The terms of the transaction were not disclosed.

Revionics Headquarter Location

5000 Plaza on the Lake Suite 200

Austin, Texas, 78746,

United States

866-580-7277

Latest Revionics News

Northern Tool + Equipment Powers Up Pricing Strategy

Aug 16, 2021

Senior Editor Northern Tool + Equipment plans to unlock pricing strategies that achieve stronger financial results and increase customer satisfaction by leveraging science and a data-driven approach to pricing. Based in Burnsville, MI, family-owned Northern Tool + Equipment has been a leading supplier of high-quality tools and equipment for 40 years, selling products through direct channels, online and through 120 retail locations across 22 states. Along with a deep selection of hand, power and air tools, Northern Tool + Equipment carries a wide variety of products to cater to everyone from DIYers to commercial customers — with more than 100,000 tools ready to ship. As its business has grown both in size and complexity, Northern Tool + Equipment recognized the need to bring increased levels of automation, scale and sophistication into the way it manages pricing across its omnichannel retail enterprise. To this end, the retailer has selected Revionics’ (an  Aptos company ) intelligent pricing platform. Specifically, Northern Tool + Equipment will deploy Revionics’ AI-powered solutions for pricing optimization, promotions, markdowns and competitive intelligence. With advanced AI algorithms, Revionics helps retailers deliver optimized prices across every channel and product — even as consumer demand, local conditions and other factors continue to shift. “As customers’ shopping needs evolve, Northern Tool + Equipment is continually looking for ways to evolve our business to best meet customer expectations,” said John Bakke, EVP at Northern Tool + Equipment. “In line with that commitment, we are embarking on a price optimization journey with Revionics to achieve more customer-centric and agile pricing — whether a shopper is engaging with us in-store or online.” With the pricing platform, Northern Tool + Equipment will adopt a unified pricing strategy that allows its company to respond faster to changes and opportunities in the market with profitable and attractive pricing. The solutions will also support Northern Tool + Equipment to deliver effective, targeted promotions, optimize markdown plans throughout the product lifecycle, and monitor competitive pricing trends. Powered by robust analytics and advanced AI models, Revionics equips retailers with clarity and confidence to make the right pricing decisions. With science at the center, Revionics’ machine learning capabilities translate consumer, competitor and market data into actionable insights and transparent pricing recommendations for high-impact results. “Retail pricing is both an art and a science,” said Aptos CEO Pete Sinisgalli. “In today’s fast-paced and highly competitive retail landscape, retailers cannot afford to have science missing from the equation. We are proud to support Northern Tool + Equipment as it achieves a centralized pricing strategy that can enhance shopper loyalty and business performance.”

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Revionics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Revionics is included in 2 Expert Collections, including In-Store Retail Tech.

I

In-Store Retail Tech

1,304 items

Startups aiming to work with retailers to improve brick-and-mortar retail operations.

C

Conference Exhibitors

5,302 items

Revionics Patents

Revionics has filed 8 patents.

The 3 most popular patent topics include:

  • Pricing
  • Inventory
  • Mechanism design
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/8/2012

6/11/2013

Pricing, Financial markets, Marketing, Derivatives (finance)

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

6/8/2012

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Grant Date

6/11/2013

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Pricing, Financial markets, Marketing, Derivatives (finance)

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Revionics Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Revionics Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.