"Our recent momentum is indicative of our actualization of this goal and of the industry’s progress toward building an integrated retail experience that melds the digital and physical channels," said Josh Marti, CEO and co-founder of Point Inside.
Bellevue, WA (PRWEB) September 17, 2014
Point Inside, the company transforming the in-store retail experience through mobile shopper engagement, today announced its substantial 1690-percent revenue growth since 2010, having grown revenue more than 150 percent year-over-year without the support of venture capital funding. The company’s rapid financial growth coincides with the global trend toward adoption of mobile solutions to enhance the physical retail experience.
“In the last couple years, the rise of digital has provided tremendous opportunities for retailers to engage with consumers across multiple touch points,” said Josh Marti, CEO and co-founder of Point Inside. “From day one, we have been committed to empowering our retail partners to take advantage of the mobile revolution and create a more personalized, profitable shopping environment. Our recent momentum is indicative of our actualization of this goal and of the industry’s progress toward building an integrated retail experience that melds the digital and physical channels.”
With more than five years of expertise, Point Inside was digitizing the indoor retail space long before “iBeacon” or “indoor location” became buzzwords. Working with top 100 retailers, such as Lowe’s Home Improvement, Point Inside provides the complete range of services retailers need to engage their offline shoppers with the level of context and personalization that shoppers expect in the omnichannel environment. Point Inside’s store-specific services offered by its StoreModeTM platform, including search, recommendations, product location and mapping, have proven to be the most widely used features in retailers’ branded apps and driven increased repeat usage and satisfaction.
Point Inside’s StoreMode™ platform lets shoppers quickly find what they are looking for in-store while also helping retailers make smarter merchandising, inventory and loyalty program decisions for customers based on large-scale analysis of millions of different engagements with the app. These types of insights enable Point Inside’s retail partners to remain highly competitive in today’s challenging retail environment. Lowe’s, for example, has engaged in a multi-year transformative process, of which Point Inside is a part, that has contributed to double stock earnings since 2012.
Since its founding, Point Inside has created more than 10,000 maps of indoor venues and 5,000 store-specific search engines for its retail customers. In addition to significant revenue growth, its employee base has increased more than 20-fold since 2009, continually expanding to meet the dynamic needs of the world’s largest retailers. Last month, the company relocated its headquarters to a new 12,600-square-foot office space—with 6,000 more square feet to come by January 2015—its third move in five years due to growth. Point Inside’s StoreMode™ platform now receives billions of user requests per month via retailers’ branded apps for its platform services.
Point Inside’s StoreMode™ platform works with a variety of emerging indoor-location technologies, including iBeacons. For more information about Point Inside, its technology and recent growth, please visit http://www.PointInside.com.
About Point Inside
Point Inside creates dynamic, scalable shopping and engagement solutions that harness the power of the smartphone revolution for retailers. The Point Inside StoreMode™ technology platform enables retailers to incorporate real-time, store-specific discovery and product location in their smartphone applications to optimize sales and inventory forecasting, power merchandizing decisions and enhance the shopping experience. Point Inside’s enterprise-grade, cloud-based technology aggregates product information and makes it searchable, adding the critical context of precise, store-specific location to each item. Bridging digital and physical retail, Point Inside is designed to handle the dynamic store-specific needs of the world’s largest retailers including Lowe’s Home Improvement and Meijer. For more information, please visit http://www.PointInside.com.