Centric Software, Inc. Strengths, Domain Expertise, and Key Differentiators
Based in Silicon Valley, Centric Software offers an end-to-end solution experience for various consumer goods sectors, including fashion, outdoor, luxury, multi-category retail, grocery, food & beverage, cosmetics & personal care, and consumer electronics. Their comprehensive solution covers planning, design, development, sourcing, procurement, manufacturing, pricing, allocation, sales, and replenishment of products.
Centric Software's flagship solution, Centric PLM, streamlines product execution from ideation to development, sourcing, and manufacturing, resulting in cost savings and enhanced efficiency. Additionally, Centric Planning provides innovative, cloud-native, augmented-intelligence capabilities for end-to-end planning to optimize retail and wholesale business performance. Leveraging AI, Centric Pricing & Inventory drives margin and revenue improvement by influencing demand through price and inventory optimization throughout the entire product lifecycle. Centric Market Intelligence, an AI-driven platform, offers market insights for data-informed decision-making on competitor offers, pricing, consumer trends, and buying behavior. Finally, Centric Visual Boards present actionable data in a visually intuitive manner, ensuring the creation of robust, consumer-centric assortments and product offerings.
Centric Software, Inc. Recent Developments
In November 2023, Centric Software has unveiled a series of market-driven innovations for its cutting-edge retail planning solution, Centric Planning. Initially introduced to the retail sector in 2018 to address the demands of the omnichannel era and prioritize user adoption, Centric Planning has demonstrated tangible returns on investment by significantly enhancing margins, streamlining inventory management, and revolutionizing team collaboration.
Centric Planning forms a key component of Centric Software's newly launched concept-to-customer product solution experience, aimed at fostering innovation and value creation for consumer goods retailers, brands, and manufacturers. As a standalone best-of-breed solution, Centric Planning offers intuitive and visually-driven financial, merchandise, and product portfolio planning capabilities, alongside store and vendor forecasting for seamless pre- and in-season execution and adaptability. Like all Centric solutions, Centric Planning seamlessly integrates with other business systems.
Powered by a sophisticated AI/ML engine, Centric Planning facilitates strategic decision-making and enhances SKU and omnichannel management through advanced analytics and forecasting. Its cloud-native, SaaS architecture enables swift processing and robust performance, even with vast volumes of data, ensuring optimal efficiency and effectiveness.
Centric Software, Inc. Mergers and Acquisitions (M&A) Activities
In 2022, Centric Software completed the acquisition of StyleSage, a company renowned for its AI-powered tools specializing in competitive assortment benchmarking, as well as price and product trend insights. This acquisition comes on the heels of Centric's recent partnership with Alvanon for the seamless integration of 3D avatars into its 3D workflows. StyleSage offers valuable product trend data and competitive pricing intelligence, empowering retailers and brands in the fashion, beauty, and home sectors to gain insights into the pricing and style trends influencing their market. Additionally, it enables them to visualize the product and pricing mix of their competitors, facilitating informed decision-making and strategic planning.
In June 2018, Dassault Systèmes acquires majority stake in Centric Software.
Centric Software, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Centric Software, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Centric Software, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Centric PLM, Centric Planning, Centric Market Intelligence, Centric Pricing & Inventory and Centric Visual Boards customers.
Centric Software, Inc. Overview
655 Campbell Technology Parkway, Suite 200
Campbell, CA, 95008, United States
1 408-574-7802
https://www.centricsoftware.com/
Ownership: - Dassault Systèmes, Oak Investment Partners, Masthead Venture Partners, Fung Capital USA
Number of Employees: 650
Functional Markets: EPM, ERP Services and Operations, PLM, Procurement, SCM,
Key Verticals: Consumer Packaged Goods, Manufacturing, Retail,
Centric Software, Inc. Key Enterprise and Cloud Applications
Centric PLM, Centric Planning, Centric Market Intelligence, Centric Pricing & Inventory and Centric Visual Boards
Centric Software, Inc. Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Centric Software, Inc. Revenue Breakdown By Type, $M:
Centric Software, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Centric Software, Inc. Enterprise Applications Revenues By Verticals, $M:
Centric Software, Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Centric Software, Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Centric Software, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Centric Software, Inc. Customers
No. of Centric Software, Inc. Customers: 815
No. of Centric Software, Inc. Enterprise Applications Customers: 815
No. of Centric Software, Inc. Cloud Customers: x
No. of Centric Software, Inc. Cloud Subscribers: x
Centric Software recently welcomed leading retailers from around the world such as PVH Europe, Triumph, Blue Star Group, Style Union, Bestseller Fashion Group China, LPP, Magazine Zum Globus, Trespass and Gap China as new Centric Planning users, showing a strong market response to its powerful capabilities and strategic value. These new users join a strong list of leading fashion retailers who have already adopted the solution such as Guess, Replay, About You and many more.
Centric Software continues its impressive growth journey and is delighted to mark the milestone of 800 Centric PLM implementations. Among the esteemed brands benefiting from Centric PLM are Louis Vuitton, Swarovski, Mizuno, Tesco, Buccellati, Birkenstock, Kering Eyewear, Fast Retailing, Desigual, PVH, Rothy’s, Yoox/NAP, Amaro, Varner, Triumph, Brandix, Li-Ning, Auchan, Anta, Bogner, Peak Performance, Xtep, Woolworths, Camper, VT Garment, Deuter, Thirdlove, Hopeshow, Acushnet, Maxrieny, Helly Hansen, Mystery Ranch, Studio F, More & More, Amaro, Visionnaire, Keen, Volcom, Capa de Ozono, Silver Jeans Co., Tentree Plants, 3Colour, KIKO Milano, Crocs, Targus, and many others.
Centric Software, Inc. Market Opportunities, M&A and Geo Expansions
In 2023, Centric Software has acquired aifora, a cutting-edge AI-powered solution for price and inventory optimization. Renowned for its innovative enterprise solutions, Centric Software facilitates comprehensive planning, design, development, sourcing, pricing, and selling of various products across industries including apparel, fashion, home goods, footwear, sporting goods, consumer electronics, cosmetics, food & beverage, and luxury. These solutions are instrumental in driving strategic and operational digital transformation initiatives for businesses. Focused on the needs of trend-driven, highly seasonal goods such as fashion, apparel, footwear and home, aifora’s easily configured, easy to use SaaS platform offers predictive algorithms and machine learning models to interactively optimize pricing across various stages of the retail lifecycle. aifora’s solutions also enhance inventory allocation and replenishment, enabling businesses to optimize supply chains and reduce overstock or stockouts to align with sustainability initiatives.
Centric Software, Inc. Risks and Challenges
Migration to the Cloud is work in progress.
Centric Software, Inc. Ecosystem, Partners, Resellers and SI
Centric has forged partnerships and integrations with industry-leading platforms to enhance its offerings. These include collaborations with Adobe for packaging and artwork approvals, integration with over 80 ERPs, partnership with the Genesis Food R&D program, and integration with general business programs such as Teams, Slack, and Microsoft Office to foster communication and collaboration. Additionally, Centric has integrated with USDA Food Data Central, providing access to a vast database of 300,000 foods, as well as integrations with GDSN and other platforms. One of its latest partnerships is with FoodChain ID, enabling seamless access to 220 food and chemical regulatory libraries and databases worldwide.
Centric Software, Inc. Cloud Infrastructure Insights
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- Centric Software, Inc. Public Cloud and Infrastructure (IaaS)
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- Centric Software, Inc. Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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