VTEX is also recognized as a Visionary in the
2023 Gartner Magic Quadrant™ for
Digital Commerce based on its Ability to Execute and Completeness
of Vision
NEW YORK ,
Aug. 23,
2023 /PRNewswire/ -- VTEX (NYSE: VTEX), the
global enterprise digital commerce platform is named a Visionary in
the 2023 Gartner Magic Quadrant™ for Digital
Commerce for its Ability to Execute and Completeness of Vision.
VTEX has also ranked second for the following Use Cases: B2C
Digital Commerce (4.14/5), B2C and B2B Digital Commerce on the Same
Platform (3.96/5), and Complex Business Models (4.01/5); And it is
rated third for the Composable Commerce (4.25/5) Use Case, and
fifth for the B2B Digital Commerce (3.85/5) Use Case in the 2023
Gartner Critical Capabilities for Digital Commerce.
"I am proud to see the disruption VTEX is causing globally,"
said Mariano Gomide de Faria,
founder, and co-CEO of VTEX. "The pragmatic composability aspect of
VTEX allows enterprises to go fast and choose the best components
for their business in a more cost-effective way. Forward-thinking
CIOs are migrating off their legacy platforms to VTEX to give their
business the flexibility it needs and to reduce commerce platform
total cost of ownership (TCO)."
As Gartner mentioned in the 2023 Gartner Hype
Cycle™ for Digital Commerce report, several factors
drive the move towards composable commerce, including "the need to
adopt a modular approach that provides more flexibility to a
digital commerce technology stack by allowing companies to swap out
functionality with best-of-breed modules from a different vendor,
or a solution that they develop themselves".
"The main reasons for migrating to VTEX were business and
solution agility. We wanted a future proof product in terms of
investing in technology," said Venkat
Gopalan, Chief Digital Officer (CDO) & Chief Technology
Officer (CTO) at Belcorp, which recently implemented VTEX across
six countries and was able to go-live with the global platform in
only five months. We were looking for a composable, but complete
architecture, and we chose VTEX because they are visionaries
disrupting the ecommerce and direct to consumer market, bringing in
new capabilities at a faster pace. With that, they help us to take
advantage of those innovations to our consumers and our
consultants."
VTEX has succeeded by taking on the complexity of headless and
composable commerce by building pragmatic architectures that allow
brands and retailers to connect their entire commerce ecosystem,
helping them to uncover new revenue streams. In the last twelve
months, VTEX has more than twice as many reviews as any other
vendor and has an Overall Rating of 4.7 out of 5 and a Willingness
to Recommend score of 96%, based on 67 customer reviews in the
Digital Commerce Platforms market on Gartner Peer
Insights™, as of August 21,
2023.
To read the complete 2023 Gartner Magic Quadrant for Digital
Commerce report, and learn more about VTEX's Strengths an Cautions
and why Gartner recognized the global platform as a Visionary,
click here (or type bit.ly/GARTNERMQ23). For the 2023 Gartner
Critical Capabilities report, visit this link here (or type
bit.ly/VTEXinGartnerCC23. For more information about VTEX, its
composable and complete commerce capabilities, and its work with
some of the world's largest brands, please visit vtex.com.
* * * * *
Gartner Disclaimer:
Magic Quadrant for Digital Commerce, Mike
Lowndes, Yanna Dharmasthira, Sandy
Shen, Penny Gillespie, Aditya
Vasudevan, Jason Daigler,
August 21, 2023. Critical
Capabilities for Digital Commerce, Aditya Vasudevan, Yanna
Dharmasthira, Sandy Shen,
Penny Gillespie, Jason Daigler, Mike
Lowndes, August 21, 2023.
Gartner, Hype Cycle for Digital Commerce, 2023, Sandy Shen, 17 July
2023. GARTNER is a registered trademark and service mark of
Gartner, Inc. and/or its affiliates in the U.S. and
internationally, MAGIC QUADRANT, HYPE CYCLE, and PEER INSIGHTS are
registered trademarks of Gartner, Inc. and/or its affiliates and
are used herein with permission. All rights reserved. Gartner does
not endorse any vendor, product or service depicted in its research
publications, and does not advise technology users to select only
those vendors with the highest ratings or other designation.
Gartner research publications consist of the opinions of Gartner's
research organization and should not be construed as statements of
fact. Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose. Gartner Peer
Insights content consists of the opinions of individual end users
based on their own experiences with the vendors listed on the
platform, should not be construed as statements of fact, nor do
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not endorse any vendor, product or service depicted in this content
nor makes any warranties, expressed or implied, with respect to
this content, about its accuracy or completeness, including any
warranties of merchantability or fitness for a particular
purpose.
About VTEX
VTEX (NYSE: VTEX) is the enterprise digital commerce platform where
forward-thinking CEOs and CIOs smarten up their investments. Our
composable and complete platform helps brands and retailers
modernize their stack and reduce maintenance costs by rapidly
migrating from legacy systems, connecting their entire value chain,
and making inventory and fulfillment their strength. As a leader in
digital commerce, VTEX is trusted by more than 2,600 B2C and B2B
customers, including Carrefour, Colgate, Motorola, Sony,
Stanley Black & Decker, and
Whirlpool, having over 3,400 active online stores across 38
countries (as of FY ended on December 31,
2022). For more information, visit www.vtex.com.
Press Contacts For VTEX
WalkerSands - vtex@walkersands.com
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