VTEX provides a digital commerce platform that helps businesses sell and fulfill products and services efficiently. The platform integrates orders and inventory across various sales channels, which enhances the fulfillment and delivery processes. VTEX's solution is customizable and designed to streamline digital commerce strategies, improve conversion rates, and support the launch of direct-to-consumer marketplaces. Unlike many competitors, VTEX offers extensive out-of-the-box capabilities and rapid deployment, allowing enterprises to quickly adapt and test new revenue streams. The company's goal is to empower enterprises to explore innovative ways to engage with customers and optimize their sales processes.

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VTEX (NYSE: VTEX), the composable and complete commerce platform trusted by 2,600 global enterprise brands and retailers, has acquired Weni, a leader in customer service solutions fueled by advanced AI. This acquisition strengthens VTEX's ability to deliver a seamless, end-to-end customer...

VTEX acquires Weni to enhance its composable and complete platform, delivering data-driven, AI-powered CX for enterprise brands and retailers

VTEX has acquired Newtail, a startup specializing in retail media, for an undisclosed amount between $1 million and $10 million. This acquisition aims to expand VTEX's retail media platform by adding new advertisers and retailers, including non-VTEX clients like Casas Bahia. Newtail's founders will remain with VTEX. The company plans to consolidate the retail media market, starting in Brazil and expanding to Latin America and the US.

VTEX acquires Newtail for retail media

Forget robot cashiers and drone deliveries. The real artificial intelligence (AI) revolution in retail and logistics is happening behind the scenes, and it’s all about making shopping smoother and shipping brighter. From predicting what customers want before they click “buy” to slashing paperwork at customs, AI is quietly transforming how businesses operate. These aren’t futuristic concepts — they’re tools being deployed right now, saving time and money for companies big and small. “We’re on the cusp of seeing AI truly embedded in core business processes,” Scott Dylan, founder of NexaTech Ventures, an AI venture capital fund, told PYMNTS. “These shifts are not hypothetical; they are already underway, and their impact will only grow.”

Embedded Ai Could Reshape Commerce With Practical Solutions, Experts Say

NEW YORK, July 11, 2024 /PRNewswire/ -- VTEX (NYSE: VTEX), the composable and complete digital commerce platform, has been selected by H Mart, the largest Asian-American supermarket chain in the U.S. with over 90 locations across North America, to power its ecommerce operations alongside global creative agency VML, a leading commerce systems integrator and implementation partner. This partnership marks a significant milestone for H Mart in its digital transformation by moving to a modern, SaaS commerce platform.H Mart has successfully migrated from a legacy commerce platform to VTEX, launching two new online stores. H Mart consolidated their previously separate systems for dry and fresh goods into a unified commerce experience with VTEX. The new platform migration, completed in just seven months, allows customers to order both shelf stable and fresh products in the same cart, while also leveraging store inventory to provide real-time availability information and facilitate efficient picking and packing."We are incredibly proud to welcome H Mart to the VTEX family as our first major grocer in the U.S.," said Mariano Gomide de Faria, VTEX's founder and co-CEO. "This collaboration underscores our commitment to providing a modern and scalable digital commerce platform that caters to our clients' unique needs

Vtex And Vml Power H Mart'S Ecommerce, Enhancing The Digital Grocery Shopping Experience

Synerise has raised $8.5 million in a Series B+ funding round to expand its artificial intelligence (AI)-driven behavioral modeling and big data solutions. The investment came from composable and complete commerce platform VTEX and business angels, Synerise said in a Saturday (July 6) press release. With the new funding and a strategic partnership with VTEX — which uses Synerise technology to power the AI functionality of its own platform — Synerise will accelerate its expansion into additional markets, according to the release

Synerise Raises $8.5 Million To Expand Ai-Driven Behavioral Modeling Solutions

Pinterest has launched a partnership with composable commerce platform VTEX.The new collaboration is designed to help consumer brands expand their social commerce footprint and connect with more customers, the two companies said last week.According to a news release, VTEX’s platform lets its 2,600 global customers reach and engage on Pinterest, where customers can integrate their product catalogs, create Pins, and run performant shopping campaigns.“With over half a billion monthly active users, Pinterest is bringing more relevant products that our users love onto its platform,” said Matt Hogle, Pinterest’s vice president of global sales organization.“Our partnership with VTEX is another way for large brands and regional customers to connect with our users who are seeking inspiration and shopping in a positive and inspiring place online,” he continued.“At VTEX, we empower large global enterprise brands to maintain agility and deliver seamless shopping experiences from anywhere,” added Santiago Naranjo, chief revenue officer at VTEX. “With our latest social commerce partnership, VTEX plays a pivotal role in translating the inspiration discovered on Pinterest’s platform into authentic consumer connections for many of the world’s most popular brands powering their commerce experience.”The companies noted VTEX customers including Whirlpool, Blaisten, and Easy are among the early testers of the collaboration.In late April, Pinterest released quarterly earnings showing a 23% increase in revenue, a trend the company attributed to, in part, its investment in making the platform more shoppable.“We’ve made it easier and more seamless to shop content on Pinterest, a top priority for our users, and we’re seeing users take advantage of the improved actionability, as outbound clicks to advertisers accelerated from last quarter, more than doubling year over year yet again,” CEO Bill Ready told analysts during an earnings call.Research by PYMNTS Intelligence has found that many consumers are mixing social media and shopping, even if relatively few are actually making purchases via social platforms.The 2023 PYMNTS Intelligence report “Tracking the Digital Payments Takeover: Monetizing Social Media” found that 43% of consumers browse social media to find goods and services, while just 14% ultimately purchased those goods and services via social media.The same report found that Generation Z consumers were more likely to use Instagram and TikTok to seek products than other generations — and use those channels before trying Google. And 68% of Gen Z consumers searched for products using social media, and 22% ultimately completed a purchase.As PYMNTS wrote last week, the news that Facebook has seen a surge in younger users could mean a turning of the tide for social commerce

Pinterest Taps Vtex To Help Brands Embrace Social Commerce

The Spring'24 edition of 'VTEX Vision' highlights new and improved products and features across its enterprise commerce platform. This gives B2B and B2C businesses more ways to use AI and data, create composable customer experiences, sell from everywhere, and fulfill faster.NEW YORK, April 23, 2024 /PRNewswire/ -- VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands, announces the debut of 'VTEX Vision', a semi-annual product showcase to empower enterprise businesses striving to fuel their growth amidst increased customer acquisition costs and potential economic barriers to scaling their operations.The Spring’24 edition of ‘VTEX Vision’For it's Spring '24 edition, the semi-annual event will provide the platform's customer base —2,600 global B2C and B2B customers with 3,500 online stores across 43 countries– a digital showcase of exciting brand-new innovations and supercharged updates to ensure the VTEX platform remains relevant for both B2B and B2C brands now and in the future. VTEX will also utilize this interactive digital showcase, available here , to demonstrate the extensive possibilities that brands can initiate directly from their VTEX dashboard."In today's dynamic market, where high interest rates and rising customer acquisition costs have become common challenges, enterprise businesses will need to harness the power of a commerce platform that consistently delivers high-quality products, fortifies organic sales channels, and amplifies profit margins," said Santiago Naranjo, CRO at VTEX. "Our VTEX Vision innovations directly confront this strategic demand. By collecting feedback, data, consumer behavior, and industry trends, we've translated these insights into actionable solutions. This marks a crucial moment where we highlight the vast potential of a commerce platform tailored for today's enterprises and the challenges of tomorrow."Below is a round-up of the biggest product news that VTEX will announce for the Spring '24 edition (and global debut) of VTEX Vision :VTEX Ad Network to Elevate Digital Reach and Conversion:As businesses scale and face a notable 222% increase in the cost of acquiring new customers from 2013 to 2022, largely due to rising competition and ad expenses, the VTEX Ad Network emerges as a powerful solution

Vtex Vision: Unveiling A Range Of New Solutions And Supercharged Upgrades Designed To Inspire Insight, Strategies, And Scalable Results For B2B And B2C Commerce Brands

Business Breakfast: Transformarea digitală, destinația investițiilor în România. Proiectul editorial CEO Corner, realizat de start-up.ro și Wall-street.ro, trece la un nou nivel, după zeci de interviuri cu profesioniști și două Gale dedicate acestora. Noul format, denumit „A business breakfast for leaders: setting the trends for tomorrow’s success” aduce la aceeași masă manageri, antreprenori și consultanți din diverse verticale ale industriei de retail pentru a face o radiografie a pieței. Prima ediție organizată de start-up.ro și wall-street.ro a avut loc la finalul lunii martie și a reunit atât jucători locali, cât și internaționali. Reprezentanți ai Pepco, Melarox, Euromaster, Vexio, Ruris, VTEX și Innobyte au fost invitații primei ediții a proiectului „A business breakfast for leaders: setting the trends for tomorrow’s success”. Continuă transformare digitală a organizației reprezintă principala destinație a investițiilor pentru companiile prezente în cadrul discuției

Business Breakfast: Transformarea Digitală, Destinația Investițiilor În România

NEW YORK--(BUSINESS WIRE)--VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands, is set to unveil its latest suite of products poised to shape the future of commerce at VTEX DAY. The event, ranked among the largest digital commerce events worldwide, will attract 20,000 in-person participants per day, underscoring the formidable extension of the VTEX ecosystem that counts with more than 6,000 VTEX IO extensions created by third parties, 1,000 SIs and ISVs, 330 marketplaces, 180 payments solutions and 90 logistics companies, among others. With over 100 sponsors and 8 stages hosting over 100 hours of content, it promises an unparalleled experience. The on-stage announcement will precede the comprehensive digital product showcase, VTEX Vision, scheduled for April 23, 2024.In a high interest rate environment all over the world, retailers and brands need to be equipped with the proper tools to maximize organic sales channels and increase their margins. The products announced today tackle this tactical challenge. Renowned for its commitment to elevating customer experiences, developer workflows, and conversion rates, VTEX will showcase strategies for B2B and B2C enterprises to optimize their commerce platforms and amplify their ROI

Vtex Announces Products To Elevate Commerce Experiences

A global payments enablement and software company, Flywire partners with VTEX, the global enterprise digital commerce platform. Incorporating Flywire’s digital education payment solution into the VTEX digital commerce platform enables a seamless payment experience for institutions looking to simplify on-campus transactions, from tuition and enrollment fees, to e-store payments and more, for students worldwide. The integration also supports both international and domestic payment flows, making the reconciliation process easier for school administrators.Recent Flywire data shows that students studying in Mexico prefer one touch point for all their payment needs, especially for tuition, student fees and expenses. With Flywire, VTEX customers now benefit from payment processes that are automated end-to-end, including initial application fees, campus store purchases, tuition payments and more. This integration offers students and families effortless tracking and payment capabilities in their native currencies, while also enabling university accounting professionals to access all payment information within their record system. By integrating directly into the VTEX platform, Flywire helps universities streamline upgrades and ensures complex compliance standards, as well as tax considerations, are always up to date.Integration supports institutions with goals to diversify and internationalizeUniversities across Latin America are increasingly focused on attracting and enrolling students from outside the region

Flywire And Vtex To Deliver Integrated Payment Experience

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Digital commerce platform for enterprises

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