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MOUNTAIN VIEW, Calif. – February 20, 2019 – CommerceIQ, powered by Boomerang Commerce, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2019.
The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s volatile world. Half of the companies on this year’s MIC 50 list are appearing for the first time.
“To shift from a store-centric model and win in modern commerce today, consumer goods companies require new capabilities to profitably grow sales and market share on Amazon,” says CEO Guru Hariharan. “Through machine learning and data-driven decisions, CommerceIQ provides leading brands a unified technology platform that breaks down the silos across sales, marketing and supply chain to deliver automated insights and actions to efficiently scale and grow share. We are honored to be recognized among the World’s Most Innovative Companies for 2019 and for our innovative approach in applying Data Science to help our customers.”
CommercIQ is used by leading consumer good companies and brands including Kimberly Clark (US and UK), Bayer Healthcare, Kellogg’s, Kraft Heinz, The J.M. Smucker Company, Hill’s Pet Nutrition (a subsidiary of Colgate-Palmolive), Reckitt Benckiser, Avery Dennison, Nestlé Skin Health, Hamilton Beach, Goodbaby, and Flexsteel Homestyles to drive incremental ROI and top line growth on Amazon.
CommerceIQ is now generally available and has been recognized by customers and the industry as the first and only solution that unifies sales, marketing and operations — from retail POS, to campaign performance, to inventory and promotion data — to enable brands to increase market share and sales through end-to-end automation of their Amazon business.
With the general availability of CommerceIQ, the CommerceIQ Advertising module has been launched and is the industry’s first solution that unifies AMS campaign performance with Amazon vendors’ retail POS, inventory and promotion data (AVC) while anticipating competitor activities to drive incremental top line growth and share of search on Amazon.
This year, Fast Company’s editors and writers sought out groundbreaking businesses across 35 industries and every region. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
“Established players are showing the same kind of nimbleness that we’ve generally associated with startups,” said Fast Company deputy editor David Lidsky, who oversaw the issue with senior editor Amy Farley.
Fast Company’s Most Innovative Companies issue (March-April 2019) is now available online at https://www.fastcompany.com/MIC, as well as in app form via iTunes and on newsstands beginning February 27th. The hashtag is #fcmostinnovative.
ABOUT BOOMERANG COMMERCE AND COMMERCEIQ Founded by veterans from Amazon in 2012, Boomerang Commerce powers intelligent commerce for leading consumer brands. CommerceIQ™ is the industry’s first end-to-end commerce platform for Amazon, that enables brands such as Kimberly-Clark, Kellogg’s, Bayer, Hamilton-Beach, Logitech and dozens of household name brands to drive profitable market share and sales growth through automation. CommerceIQ unifies and analyzes sales, marketing, operations, and competitor data to automatically recommend and take actions to stop revenue leakage and grow sales. The company is backed by Madrona Venture Group, Shasta Ventures and Trinity Ventures and has offices in Seattle, Chicago, Mountain View and Bangalore. To learn more, visit www.BoomerangCommerce.com.
ABOUT FAST COMPANY Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies and thinkers on the future of business. Since 2011, Fast Company has received some of the most prestigious editorial and design accolades, including the American Society of Magazine Editors (ASME) National Magazine Award for “Magazine Of The Year,” Adweek’s Hot List for “Hottest Business Publication,” and six gold medals and 10 silver medals from the Society of Publication Designers. The editor-in-chief is Stephanie Mehta and the publisher is Amanda Smith. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
CommerceIQ is a trademark of Boomerang Commerce in the U.S. and other countries. All other trademarks are the property of their respective companies.
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