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Sunday, June 16, 2024

Supply chain platform reports strong growth in 2023

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RELEX Solutions announced a 42 percent year-over-year growth of reported subscription revenue in 2023.

“The bedrock of our customer promise lies in delivering measurable, impactful results, very quickly. We stand by the premise of ‘doing what we say we’re going to do’ which not only instills trust, but confidence,” said RELEX Solutions CEO and co-founder Mikko Kärkkäinen.

This growth is attributed to new and expanded customer signings across the globe, closing 2023 with nearly 200 customer deals, of which 73 were net-new customers.

RELEX also saw a 31 percent increase in customers that chose to expand their business with RELEX to capture additional business value in 2023.

Telex’s acquisition of Optimity brought in more than 80 customers across highly complex manufacturing and food and beverage industries including Blendwell, Bubbies Ice Cream, Vita Coco, and Finsbury.

Across retail, wholesale distribution, and manufacturing, RELEX currently has a portfolio of over 500 happy customers.

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