AUSTIN, Texas, Aug. 24, 2016 (GLOBE NEWSWIRE) -- Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a credit facility to new client Revionics, a leading profit optimization company. Proceeds from the facility will provide working capital to expand Revionics’ strategic growth initiatives.
Headquartered in Austin, Texas, Revionics enables retailers worldwide to achieve faster time to value and ROI with its responsive merchandising solutions using predictive analytics model and demand-based optimization solutions. The company’s end-to-end solutions include Price Suite, Promotion Suite, Markdown Suite, Competitive Insights and Macro Space Optimization. Revionics works with some of the world’s most profitable retailers in ecommerce, grocery, hardlines and softlines to improve margins and top-line sales, drive bottom-line results and create a better value proposition for their customers.
“As we continue our track record of aggressive revenue growth and expand our global footprint into strategic markets, Square 1’s credit facility provides us with the flexibility to continue our strategic investments in our solution portfolio and business initiatives,” said Brian Hansen, Revionics’ chief financial officer. “We are pleased to partner with Square 1 to support Revionics’ continued commitment to delivering unparalleled value and competitive differentiation for our customers.”
Steven DiPasquale, senior vice president in Square 1’s technology banking practice, added, “Revionics’ unique approach to the market and its customers – bringing analytics, machine-learning science, proven solutions and domain expertise – is driving a powerful ROI for retailers. We are proud to partner with their team of innovative technology and retail experts who are dedicated to delivering measurable financial outcomes with their leading solutions and services.”
About Revionics
Revionics is a global leader in profit optimization services and solutions. Our unparalleled analytics and science serve as the backbone of omni-channel retailing to help performance-driven retailers execute profitable pricing, promotion, markdown, and space decisions with predictable business outcomes. The result: achieve speed to value and ROI, improve margins, drive top-line sales and respond faster with precision.
Revionics’ SaaS-based model integrates analytics, technology and services to deliver an unmatched advantage for retailers – Competitive Insights, Price Suite, Promotion Suite, Markdown Suite, and Space and Assortment Suite – all from a predictive platform to drive long-term growth.
Trusted by some of the most profitable retail brands, Revionics optimizes more than 62,000 retail sites across 18+ million products, and more than 2.6+ billion item/store combinations are modeled weekly. Learn more at www.revionics.com.
About Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com.