AUSTIN, TX – May 22, 2012 – BlackLocus, the leader in SaaS eCommerce competitive pricing analytics,announced today it has been selected as a Finalist for Red Herring’s Top 100 Americas award, a prestigious list honoring the year’s most promising private technology ventures in North America. The BlackLocus platform gives online retailers and product manufacturers real-time intelligence on their entire set of competitors, products and pricing, enabling them to make better decisions to drive increased sales, margins and market share.
Utilizing BlackLocus’ next-generation advanced analytics technology, e-retailers can for the first time possess complete competitive price transparency, much as consumers have via comparison shopping engines and “showrooming” apps. Through a combination of machine learning, “big data” and advanced visualization techniques, the company’s intuitive platform offers actionable insights empowering merchants to better understand and optimize their competitive pricing and assortment to maximize profits.
“This year was very rewarding,” said Alex Vieux, publisher and Chairman of Red Herring. “There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. BlackLocus shows great promise therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”
Finalists for the Red Herring 100 Americas award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition and financial health. BlackLocus was chosen as one of the most innovative companies from a pool of hundreds across North America.
“Becoming a Finalist for the Red Herring 100 is a big honor for us,” stated Rob Taylor, BlackLocus’ President and COO. “In addition to seeing tremendous traction in the marketplace for our advancedcompetitive intelligence and pricing optimization solutions, we appreciate the recognition of our leadership in providing the most advanced and unique pricing insights to eCommerce companies. We are thrilled to be a Finalist.”
The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the Red Herring Americas Forum in Santa Monica, CA.
Additional resources:
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About BlackLocus
BlackLocus, the leading SaaS eCommerce competitive analytics company, gives online retailers and product manufacturers complete price transparency and real-time intelligence on their entire set of competitors, products and pricing, enabling better decisions to drive increased sales, margins and market share. Through a combination of machine learning, “big data”, and advanced visualization techniques, the company’s intuitive platform offers actionable insights empowering merchants to better understand and optimize their competitive pricing and assortment to maximize profits. BlackLocus is headquartered in Austin, TX. For more information, please visit www.blacklocus.com.
Contact: info@blacklocus.com
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