Press release

Yantriks Momentum Continues to Grow: Doubles 2018 Revenues and Employees Worldwide, Launches Canadian Operations

Sponsored by Businesswire

today announced 2018 global revenue more than doubled in response to
soaring customer demand for its digital commerce products and
professional services.

The privately-held technology product and services company shared that
its overall 2018 revenue rose more than 105 percent. Highlighting the
success of the Yantriks vision, the company further announced an even
larger 125 percent rise in revenue from its customers in the global
retailer top 100
. Yantriks’ revenue increase derives from healthy
sales growth in all product and sales categories and customer segments

“We are seeing significant growth because retailers of all sizes are
looking to upgrade their order management systems to improve inventory
availability and personalize order fulfillment,” said Yantriks Founder
Eugene Amigud. “Consumer demands, such as the desire to buy online
pick-up in store, view order by-get by dates, and utilize
next-day/same-day delivery options are now table stakes for retailers
who want to improve the customer experience and increase sales by
creating an urgency to buy.”

Yantrik’s 2018 revenue growth is driving rapid expansion worldwide. To
fuel and support expansion, the number of global employees grew to 161,
an increase of 106 percent over the previous year. Adding to Yantriks’
expanding global footprint, the company recently opened its first
Canadian office in Kitchener, Ontario. Yantriks’ revenue growth and
global expansion demonstrate demand for the company’s flagship commerce
products and services.

Powered by Yantriks Scaligent™ Technology — a combination of highly
performant microservices and artificial intelligence — the Personalized
Fulfillment Platform (PFP) analyzes critical supply, demand, and
customer data to determine optimal fulfillment scenarios and delivers
the fulfillment personalization and convenience modern consumers demand.
The Yantriks Professional Services team combines extensive domain
experience in inventory and order management, promising, and fulfillment
with knowledge of digital commerce to assess a retailer’s current
technology landscape and performance, identify gaps, and surface
opportunities. As a result, the company provides a complete solution
that helps the largest retailers lower inventory costs and risk, while
increasing sales.

“Retailers are realizing that yesterday’s technical architecture can’t
support the demands of the modern consumer who require an integrated
experience across brick and mortar and online shopping,” said Sean
Wilcox, Yantriks Chief Marketing Officer. “With the desire to provide
New Retail experiences and demand for Yantriks’ total commerce solution
continuing to grow, the company’s momentum promises to make 2019
Yantriks’ most successful yet.”

To see how the Yantriks can provide retailers with smart and scalable
solutions to power personalized omni-channel goals and meet today’s
consumer demands, including ship to/from store, buy online pick-up in
store (BOPIS), click-and-collect, and last mile delivery please visit

About Yantriks

With a unique combination of technology and professional services
expertise, Yantriks helps industry-leading brands such as Petco and
JCPenney unify inventory and fulfillment data into a single platform to
create personalized commerce experiences that result in higher
conversion rates, lower cart abandonment, and increased customer
satisfaction. The company was founded in 2014 by experts in the commerce
and order management industry and has offices in Westborough, Mass.,
Bangalore, India, and Kitchener, Canada. Learn more at