Relex Solutions Strengths, Domain Expertise, and Key Differentiators
RELEX Solutions integrates machine learning and artificial intelligence (AI) technologies to support retail businesses in enhancing their competitiveness. The company focuses on localized assortments, efficient utilization of retail space, precise forecasting and replenishment, and streamlined workforce planning. Its Software as a Service (SaaS) solutions ensure a rapid return on investment, offering standalone usability or seamless integration for comprehensive retail planning. This facilitates cross-functional optimization across key retail processes such as merchandising, supply chain, and store operations.
Relex Solutions Recent Developments
In February 2024, RELEX Solutions unveiled RELEX Mobile Pro, an innovative AI-driven in-store execution application designed for retailers, suppliers, wholesalers, and manufacturers. This advanced solution serves as a comprehensive tool for retailers seeking to streamline their in-store operations. RELEX Mobile Pro empowers store colleagues with a user-friendly and precise store ordering and tasking system, placing a special emphasis on addressing the intricacies of the fresh business. Beyond enhancing store efficiency, RELEX Mobile Pro aids retailers in optimizing sales and profitability while minimizing waste and spoilage.
Relex Solutions Mergers and Acquisitions (M&A) Activities
In January 2024, RELEX Solutions expanded its capabilities by acquiring Optimity, a provider specializing in supply chain planning and optimization. This strategic move enhances the RELEX retail and supply chain platform, incorporating vital features such as daily production planning, optimization, and production scheduling, essential for the entire consumer goods value chain.
In June 2019, RELEX bolstered its standing as a reliable provider of integrated retail planning solutions by acquiring Zenopt, an advanced workforce optimization system. This strategic move underscores RELEX's commitment to the workforce planning sector, following its initial investment in Zenopt in 2017.
Relex Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Relex Solutions 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 Relex Solutions 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 RELEX Living Retail Platform customers.
Relex Solutions Overview
Postintaival 7
Helsinki, x, 230, Finland
358 20 7435730
https://www.relexsolutions.com/
Ownership: - TCV
Number of Employees: 2000
Functional Markets: SCM,
Key Verticals: Consumer Packaged Goods, Distribution, Retail,
Relex Solutions Key Enterprise and Cloud Applications
RELEX Living Retail Platform
Relex Solutions 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.
Relex Solutions Revenue Breakdown By Type, $M:
Relex Solutions Enterprise Applications Revenues By Functional Markets, $M:
Relex Solutions Enterprise Applications Revenues By Verticals, $M:
Relex Solutions 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 |
Relex Solutions Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Relex Solutions Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Relex Solutions Customers
No. of Relex Solutions Customers: 500
No. of Relex Solutions Enterprise Applications Customers: 500
No. of Relex Solutions Cloud Customers: 500
No. of Relex Solutions Cloud Subscribers: x
In 2023, RELEX successfully closed nearly 200 customer deals, with 73 of them involving net new customers. Notable additions to RELEX's clientele in 2023 include A.F. Blakemore & Son, bp, Casey’s, Fressnapf, Koala Furniture, Obramax, OXXO, PriceSmart, United Natural Foods, US Foods CHEF’STORE, and 7-Eleven Australia. Furthermore, the year saw a 31% rise in existing customers expanding their collaboration with RELEX to unlock additional business value.
Following the recent acquisition of Optimity, RELEX is pleased to welcome over 80 new customers from highly complex manufacturing, food, and beverage industries, including Blendwell, Bubbies Ice Cream, and Finsbury. These new additions complement RELEX's existing consumer goods companies such as Altia, Angulas Aguinaga, Atria, Hennig-Olsen, Maag Group, and Saarioinen, among others. Across retail, wholesale distribution, and manufacturing, RELEX now boasts a satisfied customer portfolio of over 500.
Relex Solutions Market Opportunities, M&A and Geo Expansions
In January 2024, PLUS Retail, the third-largest service supermarket organization in the Netherlands, extended its collaboration with RELEX Solutions to enhance the Promotion Management process, aiming to elevate customer satisfaction. This solution will be deployed across all PLUS, PLUS Vandaag, and COOP format stores nationwide, streamlining processes, ensuring robust availability for campaign products, and ultimately boosting the profitability of promotions.
In February 2022, RELEX Solutions disclosed the completion of a €500 million funding round, with leading participation from funds managed by Blackstone Growth (BXG), Blackstone’s growth equity investing business. Post the successful funding round, RELEX Solutions plans to significantly expand its technical team by hiring hundreds of developers and experts.
Relex Solutions Risks and Challenges
New supply chain technologies are emerging that dramatically improve visibility across the end-to-end supply chain, and support companies' ability to resist such shocks. Relex Solution should get on the wagon on time.
Relex Solutions Ecosystem, Partners, Resellers and SI
In January 2024, RELEX Solutions partnered with risposta Software, a system integrator with expertise in supply chain planning implementations and support. This collaboration combines RELEX's AI-driven machine learning retail and supply chain planning technology with risposta’s extensive industry knowledge, to improve efficiency and effectiveness in supply chain management for global customers.
The RELEX Integration 1.0 solution has earned SAP certification as being powered by the SAP NetWeaver technology platform. This certified solution provides customers with the capability to seamlessly integrate RELEX demand forecasting, inventory optimization, and automated replenishment systems into their SAP solution landscape through SAP NetWeaver.
The integration facilitates the utilization of master data and inventory transactions from the SAP ERP application by the RELEX software, allowing for the calculation of demand forecasts, order proposals, and optimization of inventory parameters. Through the RELEX Integration 1.0 from retail solutions, seamless connectivity is established between the RELEX software and a retail system running SAP software. The integration adheres to the interface definition set by RELEX, ensuring that all the necessary data is supplied for the proper functioning of the RELEX software.
Relex Solutions Cloud Infrastructure Insights
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- Relex Solutions Public Cloud and Infrastructure (IaaS)
- Relex Solutions Platform (PaaS)
- Relex Solutions Application Delivery
- Relex Solutions 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).
For additional information on our methodologies, here's the link:
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