AUSTIN, Texas and BRISTOL, UK, April 11, 2017 /PRNewswire/ -- Brightpearl, the leading retail management system for high-growth omnichannel retailers, today announced the company has added experienced retail and technology experts to its leadership team. These professionals bring a wide range of product development, go-to-market, and business development expertise that will support Brightpearl's continued rapid growth. The company also opened its second US office in Austin, Texas, which becomes the company's new US headquarters.
The new headquarters occupies approximately 20,000 square feet of space on the 16th floor of Capital Factory, 701 Brazos Street – coined Austin's "Center of Gravity for Entrepreneurs." Located in the heart of Austin's downtown Innovation Zone, this vibrant area has connected the City's entrepreneurs with investors, talent, and customers since 2009. Key staff in the Austin office includes Justin Press, Vice President of Customer Success and Brightpearl USA, and Kenny Johnson, Product Marketing Manager.
"This is an exciting time for retailers, as technology evolves to allow retailers of all sizes to leverage multiple sales channels while efficiently managing their day-to-day retail and wholesale operations much like their larger, often more established competitors," said Derek O'Carroll, CEO of Brightpearl. "Austin is a great place to live and...
"This is an exciting time for retailers, as technology evolves to allow retailers of all sizes to leverage multiple sales channels while efficiently managing their day-to-day retail and wholesale operations much like their larger, often more established competitors," said Derek O'Carroll, CEO of Brightpearl. "Austin is a great place to live and is a thriving city for innovative technology companies. We have several key technology partners located in Austin like BigCommerce and ShipStation. The move to Austin gives us the opportunity to work even more closely together with these partners to help retailers remove dependency on outdated, legacy IT workflows, and disparate solutions. Our customers are realizing enormous gains in efficiency and strong profit margins resulting from the automation and streamlining of processes, and creation of centralized systems."
According to The National Retail Federation's economic forecast for 2017, retail industry sales are projected to grow between 3.7 and 4.2 percent year-over-year. Included in the overall number are online and other non-store sales, which alone will see an increase of between 8 and 12 percent. Brightpearl typically sees its customers spending at least one percent of their total revenue on technology, including inventory management and accounting solutions.
To capture this market opportunity, Brightpearl is backed by leading SaaS venture capitalists, and has raised $34 million to date. Funding is supporting the accelerated growth of Brightpearl's US business beyond 30 percent of global revenues. The capital comes at a time of significant demand for Brightpearl's Retail Management System, leading the company to triple its staff.
Adding to the exceptional team of retail industry experts already in place, Brightpearl's new hires bring experienced leaders in global marketing, partner alliances, technology innovation, and operational growth. Currently Brightpearl plans to add nine new positions across marketing, business development, consultancy, pre-sales, and leadership in the Austin office, and aims to establish an automation innovation team based in Austin in the second half of 2017...read more
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