VTEX Recognized as a Leader in two IDC MarketScape reports on Digital Commerce for Midmarket Growth and a Customers' Choice by Gartner®

VTEX, the composable and complete commerce platform for premier B2C and B2B brands, has garnered recognition from industry experts in just the first few months of 2024, which we believe solidifies our position as a global leader shaping the future of digital commerce:

• VTEX named a 'Leader' in IDC MarketScape: Worldwide B2B Digital Commerce Applications for Midmarket Growth 2023-2024 Vendor Assessment (doc #US50625723, December 2023)
• VTEX is the sole vendor named a Customers' Choice in the 2024 Gartner® Voice of the Customer for Digital Commerce Report: 98% of VTEX customers are willing to recommend the ecommerce platform to peers and VTEX received an average customer rating of 4.8/5.0 based on 57 total reviews as of November 2023.
• VTEX named a 'Leader' in IDC MarketScape: Worldwide B2C Digital Commerce Platforms for Midmarket Growth 2024 Vendor Assessment (doc #US50626123, January 2024): VTEX is the highest rated 'Leader' among 25 digital commerce vendors evaluated in the report. VTEX, and its pragmatic composability approach to digital commerce, is recognized for its versatility across various industries, including retail, CPG, grocery, manufacturing, distribution, and others.

Also Read: Digital River Names Nate Kraft Senior Vice President of Product Strategy and Management These reports follow the September 2023 Total Economic Impact™ Of The VTEX Digital Commerce Platform (TEI) study conducted by Forrester Consulting on behalf of VTEX. The study found enterprise brands that migrated to the VTEX platform benefited from both developer and marketing operations efficiency and the ability to support multiple business models (B2C, B2B, and marketplace capabilities) for a unified commerce approach on a single platform. Real-world results from merchants unveil key benefits of VTEX: 133% return on investment; business growth yields an additional USD 17.1 million; savings of USD $5.8M after migrating from a legacy digital commerce platform to VTEX. "Being named a Leader from a leading analyst firm such as IDC, along with the Forrester TEI study, underscores the immense value global brands acquire when deploying VTEX's composable and complete platform. We believe this is also in line with our peer recognition as a Customers' Choice in the Gartner Voice of the Customer report for Digital Commerce", said Santiago Naranjo, CRO at VTEX. "VTEX is at the forefront of shaping the future of commerce. By streamlining digital commerce infrastructure, we're bringing profitable growth to enterprises in 43 countries around the globe." SOURCE: PRNewswire