“Engage3 is leading the way in using Price Image as the most effective, customer-behavior based metric in strategic pricing – challenging the conventional approaches to understanding and responding to competitors."
DAVIS, Calif. (PRWEB) April 09, 2020
Engage3, which helps retailers and brands understand, protect, and enhance their Price Image through data science and analytics, today announced that Robert Andrews has joined the team as its new Chief Financial Officer. Andrews will lead Engage3’s financial operations and investor relations.
Andrews is a seasoned financial executive who has a wealth of cross-industry experience in accelerating companies’ growth and raising capital. He has spent more than fifteen years in SaaS companies as CFO and COO in industries as varied as manufacturing and biotech. Some of the companies he has worked for include Worcester Controls Corporation, iRobot Corporation, and Mirror Image Internet.
“We are excited that Robert has decided to join Engage3 at such a defining moment both in retail and for our company,” said Edris Bemanian, CEO of Engage3. “As the macro environment conditions continue to evolve, retailers will need to lean on the best data analytics and pricing solutions to help them navigate these uncertain times. Engage3 intends to meet this need. Robert’s extensive background in finance, technology, and operations with fast-growing companies will enable us to do so.”
“I look forward to working with Engage3’s leadership team and leading its finance organization as the company progresses to the next phase of its strategy,” said Andrews. “Engage3 is leading the way in using Price Image as the most effective, customer-behavior based metric in strategic pricing – challenging the conventional approaches to understanding and responding to competitors. I am delighted to be part of this innovation in retail.”
Andrews is a CPA and received his MBA from Whittemore School of Business and Economics, University of New Hampshire in Durham, NH. He received his B.S. and B.A. in Accounting and Management with a minor in Computer Science from Northeastern University in Boston, MA.
Engage3 was founded by the creators of KhiMetrics (acquired by SAP), who are credited with inventing the retail price optimization space. Engage3's leadership team is composed of former KhiMetrics, SAP, Revionics, dunnhumby, KSS Retail, and IBM/DemandTec executives.
International Data Corporation (IDC) recently positioned Engage3 as a leader in its MarketScape Vendor Analysis Report for changing the game and leading the next frontier in strategic pricing solutions. The company has also been listed in the Inc. 5000 for 3 years in a row since 2017.
Engage3's Price Image Management Suite™ helps retailers understand, protect, and enhance their Price Image and align it with their sales and profitability objectives using predictive modeling. The suite includes Competitive Intelligence Management (CIM) - an AI-assisted, attribute-based, and data science-driven solution that provides accurate, granular competitive data (30 billion product pricing records collected annually in the U.S. and Canada) and like-item-linking visibility. CIM helps retailers reverse-engineer their competitors’ pricing and assortment strategies across channels, markets, and items. Also included in the suite is Price Image Management (PIM) – a next generation pricing solution that defines the impact of strategic pricing alternatives and unlocks pricing recommendations based on a retailer’s objectives for Price Image, sales, and profitability.
More information is available at http://www.engage3.com.