CommerceIQ, a leader inecommerce Channel Optimization
, today announced it has achieved annualized YTD revenue growth of 300% driven by several new customer and expansion deals, and the success of its newly launched CommerceIQ Advertising Managed Service, which is on track to manage $100M in ad spend by the end of 2020. Less than three months after launching, brands including Logitech and Nature’s Bounty have selected this new service to manage their ad dollars on Amazon and to optimize their omni-channel advertising investments on other retail platforms including Walmart, Instacart and Target. At the same time, prominent customers including Bayer, Hamilton Beach and Homestyles have doubled-down and expanded their use of CommerceIQ’s machine-basedecommerce platform
to optimize their advertising, sales and supply chain operations with a focus on increasing Share of Voice (SoV). Customers are now managing over $6B in Amazon gross sales using the CommerceIQ platform, a 100% year-over-year increase in revenue under management.