International Cloud Computing Awards Program Announces Winners
Logik.io, creators of Commerce Logic Engine technology powering configuration and guided selling for e-commerce and CPQ experiences, has been declared a winner of the Most Promising Start-Up this week in The Cloud Awards, the international awards for cloud computing.
“There’s tremendous innovation needed in both the sales and digital commerce markets right now as companies continue to rethink omnichannel strategies and how to drive revenue and operational efficiencies – so we are honored here at Logik.io to be recognized by The Cloud Awards as The Most Promising Start-Up,” Chris Shutts, Chief Executive Officer, Logik.io said. “In delivering a solution that betters the customer and seller experience by simplifying how complex products and bought and sold, Logik.io is making a massive impact on how businesses evolve their sales and commerce strategies.”
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Last November, Logik.io announced it had recorded its first $1M quarter in Annual Recurring Revenue (ARR) bookings and did it in less than a year from when its Commerce Logic Engine became commercially available. Much of the growth can be attributed to the glaring needs of enterprise businesses: 40 percent of Logik.io’s customer base is made up of publicly traded companies, all with market caps over $2B. These businesses chose to partner with Logik.io to improve sales efficiency, evolve their omnichannel digital transformation initiatives, and focusing on platform consolidation favoring Salesforce-native applications.
“Logik.io is an admirable winner of The Cloud Awards as their solution takes the industry a step forward. There were many innovative solutions among the finalists, but Logik.io’s solution proved to the judging panel it was a clear choice for selection as the ultimate category winner,” James Williams, Head of Operations, The Cloud Awards, said.
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