VTEX named a Challenger in the 2024 Gartner® Magic Quadrant™ for Digital Commerce report
12 Novembre 2024 - 7:06PM
Business Wire
Engineered for Growth, Driven for Success:
VTEX is Taking on U.S. Legacy Commerce with the success of
Customers like Colgate, Hearst, Calvin Klein, Whirlpool, and
more.
Enterprise brands are no longer accepting the limitations of
legacy commerce platforms. In fact, in the past three years
(2022-2024), migrations from legacy platforms to VTEX
grew more than five times compared
to the previous three-year period (2019-2021). As brands aim to
grow without compromise, VTEX (NYSE: VTEX), the composable and
complete commerce platform for B2B and B2C brands, has been named a
Challenger in the 2024 Gartner® Magic Quadrant™ for Digital
Commerce report. For VTEX, this acknowledges the platform’s ability
to empower retailers, manufacturers, and distributors who are
serious about growth to break free from the status quo.
“We’re not just a growth partner for brands thriving in the most
demanding markets; we’re setting the standard as the commerce
platform for grownups,” said Mariano Gomide de Faria, Co-CEO
& Co-Founder of VTEX. “Our journey from navigating some of
the world’s most complex markets to powering the U.S. digital
commerce for brands like Colgate, Stanley Black & Decker, U.S.
Electrical Services Inc., Hearst and more have shaped our approach.
With our insights honed by experience and a playbook built through
resilience, we’re proud to be named a Challenger by Gartner. We
believe VTEX's ability to execute proves that we’re here to elevate
standards that no longer serve the enterprise.”
A Born Contender with a Winning Track
Record
Unlike industry players that began their journey in the
stability of mature markets, VTEX was built in the crucible of
unpredictability. The result has become a digital commerce platform
that doesn’t just respond to change—it anticipates it. VTEX’s
expertise in supporting brands overcoming high-stakes volatility
and tight margins has made it the commerce solution for brands and
businesses that demand both agility and reliability. VTEX's
Total Economic Impact™, a study released in September 2023,
conducted by Forrester Consulting and commissioned by
VTEX showcases how VTEX delivers for modern enterprise
businesses with:
- A 133% return on investment (ROI)
- $17.1 million in additional revenue growth
- $5.8 million in savings by migrating from legacy platforms
Driving Trends from the Americas to the
World
VTEX is already a proven force in the global marketplace. From
kickstarting the blurred lines between B2B and B2C digital commerce
for manufacturers and distributors to introducing a modern frontend
cloud within a commerce platform, along with conversational
commerce and WhatsApp to the U.S. market, VTEX has consistently
challenged the digital commerce landscape and industry norms. As
demand for these cutting-edge innovations soars in the U.S. and
Europe, VTEX is ready to deliver.
“Our customers don’t want a vendor; they want a partner who can
forecast their next step and make it operational by Monday,” adds
Mariano Gomide de Faria. “We’re continuing to expand in the U.S.
and EU with precisely that in mind.”
For businesses ready to leave the predictable behind, VTEX isn’t
just a solution—it’s a movement. Read the complete 2024 Gartner®
Magic Quadrant™ for Digital Commerce report here.
Gartner, Magic Quadrant for Digital Commerce, 6 November 2024,
Mike Lowndes, Sandy Shen, Jason Daigler, Aditya Vasudevan
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QUADRANT is a registered trademark of Gartner, Inc. and/or its
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About VTEX
VTEX (NYSE: VTEX) is the composable and complete commerce
platform that delivers more efficiency and less maintenance to
organizations seeking to make smarter IT investments and modernize
their tech stack. Through our pragmatic composability approach, we
empower brands, distributors, and retailers with unparalleled
flexibility and comprehensive solutions, enabling them to invest
solely in what provides a clear business advantage and boosts
profitability. VTEX is trusted by 2,600 global B2C and B2B clients,
including Carrefour, Colgate, Motorola, Sony, Stanley Black &
Decker, and Whirlpool, having 3,500 active online stores across 43
countries (as of FY ended on December 31, 2023). For more
information, visit www.vtex.com.
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Kate Adams vtex@Pancomm.com
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