NEW
YORK, May 16, 2023 /PRNewswire/ --
VTEX (NYSE: VTEX), the global enterprise digital commerce
platform for premier brands and retailers, has been named a 'Major
Player' in IDC MarketScape: Worldwide Retail Commerce Platform
Software Providers 2023 Vendor Assessment, (doc #US49436223)
April 2023, marking the company's
first appearance in this report.
The report evaluates software vendors that provide solutions for
the retail space. It noted, "Among the vendors assessed in this IDC
MarketScape, VTEX shows expertise in the retail sector, with
well-established multichannel platform services and models, and
modern, consumer-engaging solutions such as Conversational Commerce
and Livestream Shopping."
"Brands are facing a challenging, ever-evolving retail
environment alongside an uncertain economic outlook, making it a
critical time for them to choose partners that are really committed
to the balance between freedom and low maintenance architecture,"
said Mariano Gomide de Faria,
founder and co-CEO of VTEX. "Forward thinking CEOs and CIOs are
pursuing simplification, thus they are prouder of testing than of
building. Time to market is the key element and to do it in a
sustainable evergreen way is what makes the difference. We're
incredibly excited to be included in this year's IDC MarketScape
Vendor Assessment report that recognizes this core aspect of our
business."
VTEX supports more than 2,600 customers, including brands like
Motorola, Whirlpool and Hearst, with more than 3,400 active online
stores across 38 countries.
"VTEX's ability to unify experiences for retailers across
channels and create engaging opportunities between brands and
customers contributed to their position as a 'Major Player' in the
evaluation," says Ornella Urso,
Research Manager at IDC. "This focus on the customer experience
helps VTEX create meaningful engagements between brands and
customers."
According to the IDC MarketScape, "From a customer experience
standpoint, VTEX has expertise in integrating experiences across
multiple channels, including digital, physical, social, chat
platforms and more, and it is continuously enhancing native
capabilities to improve the experience for VTEX sellers with its
marketplace, including seller onboarding/experience, seller
management, and promotions management."
For more information about VTEX, its commerce and marketplace
capabilities, and its work with some of the world's largest brands,
please visit www.vtex.com.
About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an
overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor's position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
About VTEX
VTEX (NYSE: VTEX) is the enterprise digital
commerce platform where global brands and retailers run their world
of commerce. VTEX puts its customers' business on a fast path to
growth with a complete Commerce, Marketplace, and OMS solution.
VTEX helps global companies build, manage and deliver native and
advanced B2B, B2C, and Marketplace commerce experiences with
unprecedented time-to-market and without complexity.
As a leader in digital commerce platforms, VTEX is trusted by
more than 2,600 customers, including Ab Inbev, Carrefour, Colgate,
Motorola, and Whirlpool, having over 3,200 active online stores
across 38 countries (as of FY ended on December 31st, 2022). For more information, visit
www.vtex.com.
CONTACT: Rachel Goodwill for
VTEX, rachel.goodwill@walkersands.com
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