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IHL Group Names IBM Order Management as a Leader in Order Management Systems Market for Enabling Unified Commerce in Retail

IBM Supply Chain Application Noted for its Retail Market Dominance, Significant Reduction in Implementation Time, and Continued Investment Integrating Disruptive Technologies

IBM announced IHL Group, a global research and advisory firm specializing in technologies for the retail and hospitality industries, has named IBM Order Management as a leader in the order management systems market for enabling unified commerce in retail. IBM was noted for its retail market dominance with three times the market share of the nearest competitor, reduced implementation times by more than 50 percent, and continued investment integrating disruptive technologies such as AI and blockchain. The report also noted the foundation for a successful unified commerce strategy for retail enterprises requires a highly capable and configurable OMS that can manage and fulfill orders across all channels.

The IHL Insight Market View Positioning Map displays vendors using a three-dimensional view of the market, which encompasses evaluating a vendor’s strength based on global reach, size of accounts, growth of revenue and R&D funding, and market share. IHL projects the worldwide OMS market for retail and hospitality will grow 60% from 2018-2023 to $1.16B in annual sales with the majority of growth coming from SaaS implementation, which are expected to grow 182% during the period.

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“The retail industry can remedy some of its biggest challenges by having a holistic, unified commerce strategy that uses an order management system to connect the five technology pillars including store systems, e-Commerce, merchandise SCM, BI analytics, and sales & marketing,” said Jerry Sheldon, Vice President – Technology, IHL Group. “By approaching the technology stack this way it provides an architectural construct to overcome the constraints caused by channel evolution, allowing retailers to quickly innovate to capture market share through improved and unique customer experiences.”

The report also called out its bullish view for AI in retail as it noted the embedded AI capabilities in IBM Order Management with Watson Order Optimizer. This helps improve omnichannel profitability and the customer experience using machine learning to optimize the fulfillment path in real-time by factoring carrier rates, network capacity across distribution centers and stores, and seasonal spikes in demand.

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“Fulfilling the perfect order is a shared expectation among consumers and retailers alike, but the challenge to realize that vision is overcoming the difficulty of orchestrating and optimizing across many retail technologies to drive higher customer engagement,” said Jeanette Barlow, VP of Offering Management, IBM Watson Supply Chain. “As retailers grapple with introducing new fulfillment capabilities to help differentiate themselves in their respective markets, today’s industry leaders exemplify the use of distributed order management at scale while optimizing margins.”

Read More: New WBR Insights Report Finds Retailers Not Ready For Advanced Mobile Experiences

PubMatic Q2 Report Signals Growing Focus on Combating Advertising Fraud

Advertisers Ditch Open Market in Favour of Private Marketplaces for Better In-App Integrity

Premium digital technology company, PubMatic, released the findings of its second Quarterly Mobile Index (QMI), highlighting key Q2 2019 trends to provide both advertisers and publishers with insights around mobile advertising, leading to smarter programmatic strategies and future mobile opportunities.

Findings show a remarkable ecosystem push towards higher mobile inventory quality and buyer transparency with mobile in-app environment at the forefront of this growth. PubMatic’s Q2 2019 QMI report reveals:

  • Mobile in-app inventory unlocks revenue for the advertising industry – In Q2 2019, in-app impressions rose 26% over last year and is rejuvenating creative talents and fostering net new revenue growth for the advertising industry.
  • In-App PMPs take centre stage in programmatic media buying – Amid fraud concerns last year, advertisers are moving from the open market to PMPs and advertisers are on track to spend $27 billion in digital display spending in 2020, and over half of which will be through PMPs.

Read More: New WBR Insights Report Finds Retailers Not Ready for Advanced Mobile Experiences

Based on PubMatic’s findings, in-app inventory has seen significant changes as for the first time iOS has emerged as the leading in-app operating system, while APAC has surpassed EMEA as the second largest region for in-app ad impressions in Q2 2019. iOS’ share now exceeds 50% of worldwide mobile in-app impressions in Q2 2019, up from one-third the year prior; overall, shares grew in all regions globally, even in APAC where Android remains dominant. Significantly, APAC now accounts for over a quarter of the global inventory.

“After mobile inventory quality setbacks with fraud last year, the industry is evolving to increasingly leverage PMPs to safeguard transactions over open RTB’s and will be the dominant approach to buying programmatic advertising as soon as next year,” shared Emma Newman, CRO, EMEA at PubMatic. “The entire industry is coming together to address in-app quality concerns and we’ve already seen steady growth in adoption rates, by about 12% of the top 1000 industry apps publishing app-ads.txt files as of mid-July 2019.”

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Wayne Blodwell, CEO, The Programmatic Advisory says: “Many traditional advertisers have been wary of in-app advertising for quite some time owing to the difficulty in measuring actions from app to web environments and the fact in-app is riddled with fraud. However, the measurement challenges are not going away. In the short-term, to mitigate some of the risk fraud presents, buyers can apply whitelists and PMPs with trusted app owners. This allows brands to freely spend in an environment which is increasingly taking up a greater share of a user’s daily attention and should not be ignored as part of the media buying mix. It’s great to see the results of this study highlight this mindset shift from buyers”.

Read More: Moz Expands Executive Team with Three VPs

Latcha+Associates Creates Chief Technologist Role to Manage Growing Software Needs with Automotive Clients and Beyond

Digital Marketing Veteran Justin Mysza Brings Award-Winning Martech Experience to Leading Detroit Marketing Company

Latcha+Associates, a pioneering marketing solutions and production company that specializes in the customer lifecycle, announced the appointment of Justin Mysza as Chief Technologist, effective immediately. In his newly-created  role, Mysza will oversee all development of major components and code modules in the creation of software applications across multiple device platforms. He will report to Dave Latcha, CEO and Founder.

“Technology is playing an ever-increasing role in how we market to consumers, so it was important for us to secure one of the top-martech professionals in the country to lead our next generation efforts,” said Dave Latcha, CEO and Founder. “Justin has led the industry in working with the newest tech. He has a deep understanding of what our company’s mission is and he will no doubt play a key role in taking Latcha+Associates to great places in our next 20 years.”

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In this role, Mysza will also collaborate with creative and management disciplines and be the face of digital technology to agency clients. Mysza has extensive experience in marketing technology and will help Latcha+Associates break into new technology while leading integration with enterprise software solutions.

Mysza was most recently at MRM // McCann for nine years as VP, Director of Technology where he led multi-disciplinary production teams to create outstanding digital executions. He has a wide knowledge of all aspects of digital production and utilizes the latest tools and modern web technologies. Mysza also spent nine years at GTB (Formerly Team Detroit) as VP, Rich Media Director, and where he was known as a pioneer in the earlier days of digital marketing. Mysza has won several industry awards in the past, most notably from Cannes Lions, The One Show and FWA.

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“I was intrigued by Latcha+Associates reputation for being a collective of makers and talented hands-on crafters that do whatever it takes to deliver for their clients,” said Mysza. “I’m excited to bring my 25 years of digital experience to the work. We are witnessing the dawn of a new era in how technology is affecting our lives. My job is to stay ahead of the curve and bring new ideas to our clients.”

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Embrace, Mobile-First Application Performance Management Platform, Joins Y Combinator’s Summer 2019 Batch

Embrace, the market leader in application performance management for mobile, announced that is has joined Y Combinator’s Summer 2019 batch. During YC’s Demo Days from August 19-20 at Pier 48 in San Francisco, Embrace will showcase their mobile technology to a select audience of approximately 1,000 investors and media.

Since joining YC’s S19 batch, Embrace has been working closely with the company to focus on growth acceleration, and is now experiencing 20% month on month growth, with 50% growth projected this month – starting to indicate that magic hockey stick in the next months.

  • Embrace provides a comprehensive unified health and optimization platform for mobile applications, which enables businesses to make their iOS/Android apps stable and faster.
  • Its platform supports a wide array of companies (OKCupid, Boxed, Headspace); Mobile Commerce is a key category supported (Wish, Goat, Thrive, Home Depot) because Embrace solves shopping cart issues, increasing revenues and reducing cart abandonment.
  • Since launching in 2016, Embrace has already grown to support trillions of mobile app events, and analyzes every user session to diagnose 5X more in-app issues than any other mobile toolset and fix mobile experiences.
  • Earlier this year, Embrace raised $4.5 million from investors including Pritzker Group Venture Capital, Greycroft, Vy Capital, and Miramar Ventures.

Read More: Publicis Groupe Acquires US Based Full-Service Marketing Agency Rauxa

Previously, Embrace CEO Eric Futoran co-founded Scopely, a mobile gaming company with a +$400 million run rate. He was instrumental in the growth of Scopely as an initial owner of the Dice With Buddies / Yahtzee franchise, which was the driver of each of Scopely’s key financing, totaling over $60 million. Embrace technology spun out of a need that Eric found while at Scopely for better insights on the performance of their mobile gaming portfolio.

SalesTech Star Interview with Jeff Manning, EVP of Sales at Cybera

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Tell us about your journey into Sales. And, what attracted you to Cybera?

I don’t know if there is a traditional journey into Sales, so maybe mine is traditional in that it was never intentional. I morphed into a Sales role after cutting my teeth in Technology as a Project Manager, then a Program Manager, which required me to partner with solutions providers to solve problems. That evolved into various Business Development roles, which eventually spun into a direct quota-carrying Sales role.

At one point earlier in my career, I remember thinking to myself, “I’m the one doing all of the talking on behalf of my company, I’m the one with all the answers, and the customers are all looking at me. Why am I not the one cashing the big check on this deal?” That was the first step – being comfortable and betting on myself. It turned out to be a decent bet.

Twenty-five years and 25 pounds later, what attracted me to Cybera was the space, the situation, and the people. Cybera is focused on delivering application services to the highly distributed network edge, which encompasses a broad range of technology focal points such as the Cloud, Networking, Security, Application Delivery Services, and IoT enablement. Having those arrows in my quiver on an as-a-service basis was highly attractive. I felt like the opportunity to bring that service set into new markets while leaning on the existing business for support was a unique opportunity. Getting to work with the Cybera team made it an easy decision.

How is your current role at Cybera different from previous roles? How do you see the role of Sales continuing to evolve in the future?

Coming into this role was a bit different in that there was already a well-established core business (convenience store and petroleum industry) with a highly capable, experienced Sales and Leadership team. The mandate then was to extend that type of business across other verticals and geographies, focusing on growth strategies for markets where we didn’t have such a large footprint.

It’s a luxury to have a dominant market position that provides the cushion and experience you need to expand into new markets. Culturally, the company was an interesting mashup—about 15 years old and having gone through a few different offerings before evolving into the SD-WAN Edge space. It was a unique combination of dynamics in the tech world: an old startup with a new owner along with extremely high employee retention rates. It was almost a counter-Silicon Valley scenario. But that environment has turned out to be a valuable foundation as we’ve continued to build value throughout the broader market.

Sales has changed quite a bit over the years. I can recall having a call list where I would just pick up the desk phone and try to explain why the person on the other end should listen to me for 30 seconds. I quickly discovered that executive assistants were the most powerful gatekeepers. If I wanted to reach someone, I was better off establishing a rapport with their EA and getting on their calendar for 15 minutes.

Next came email, which was a groundbreaking way to connect without being overly intrusive. That worked well for about five minutes until spam and its subsequent countermeasures ruined email as a business tool. It’s getting harder and harder in Sales because we keep trying to fit an old paradigm into a modern reality. Nobody answers the phone anymore, and customer organizations spend millions to filter us out of their inbox. In short, our two primary business tools for outbound communication have become very low-probability methods if not rendered virtually useless.

We want to find our prospects and next customers, but the truth is that they’re now self-educating and finding us. So, the motion to market has shifted. To be effective, Sales teams must have a rock-solid relationship with their Marketing teams. Our outbound efforts are now most effective when they focus on value-centered tools that are available in the right forums for self-discovery and education.

That’s a hard pill to swallow in Sales. We now live in an on-demand, frictionless, zero-touch environment. We created these terms in the tech world, and now we’re living with them in Sales. So, we either have to adapt or die. When you ask how Sales will change in the future, it’s all about continuous adaption in response to shifting market behaviors. The market will continue to get smarter about what we offer as we continue to pre-educate potential customers before we’ve even met them.

They won’t ask what you do. Instead, they’ll say, “I know what you do, but how do you do it better than player X?” or “How can you save me money or help me make more money?” This is already happening, by the way. The good news for Salespeople is that the fundamental cornerstone of their value can never die because it is still human-centered.

Recommended: Salestech Interview With Bill Hu, VP Of Sales, Certain

Cybera offers products and services that might not typically be considered a “Sales” solution, yet you sell into environments and to individuals where Sales and the Customer Experience (CX) is very much at the top of the priority list? Can you explain? 

Cybera is heavily focused on the petrol and convenience store market, and we’re rapidly growing in the retail vertical along with quick-service and fast-casual restaurants. So, we’re actually working with a lot of businesses where the Customer Experience (CX) is pervasive and immediate. With consumer expectations continually rising, all of these businesses must be able to elevate their levels of engagement and deliver a consistently good Customer Experience.

All of these businesses worry about security, compliance, and tech-savvy consumers who simply demand much more than they ever did before. This is where Cybera comes into play. We’re all about helping these distributed enterprises roll out new customer-facing apps and services in record time. We help them improve data security and enhance their customer loyalty programs. And we take a lot of the network management burden off their plate so they can focus on what they do best and capitalize on new business opportunities.

Also Read: SalesTech Interview With Sam Nazari, VP Of Customer Success At Evolv Technologies

Cybera recently announced that it is working with Shell to help it to drive value across its retail locations, generate growth and address evolving business needs – particularly in terms of meeting the October 2020 mandated outdoor EMV chip card compliance deadline – can you explain?

The 2020 EMV chip card mandate has been active internationally for years but had been lagging in U.S. adoption until recently. Fundamentally, EMV represented a collaboration on a multi-factor authentication standard requiring an embedded chip on credit cards and a customer-defined personal identification number (PIN). The objective was to reduce the likelihood of “card present” fraud. Legacy magnetic stripe cards are/were possible to clone and susceptible to skimming, whereas the chip is extremely difficult if not impossible to skim and duplicate.

Coupled with a unique PIN entry required at the time of purchase, the EMV solution is extremely secure, and exponentially reduces the potential for fraudulent card transactions. Outdoor EMV simply means that gas stations must enable the chip and pin transaction at the pump. This technology shift can be very costly for owner-operators, particularly if it requires a pump or pump terminal upgrade. Cybera’s role is to provide the network connectivity and enable that unique IP-based secure application transaction to occur through the Cybera cloud.

What current Marketing and/or Sales Technology platforms do you use in your current role?

The two platforms we rely most heavily on are Pardot for demand generation, email nurture streams, and various Marketing campaigns; and SalesForce.com to track leads and maintain the actual customer base.

What advice would you offer to anyone thinking of entering Sales as a profession?

Sales is a craft or trade, so it helps to have a teacher or guide. Find someone to emulate or, even better, find more than one person and adopt the best characteristics from each. One thing is clear: you can’t learn Sales in the classroom. What you’re looking for is a repeatable process and a productive way to manage your time and relationships. You’ll need to conduct proper discovery, segment your addressable market in a methodical fashion, and fundamentally build and manage your pipeline.

That’s essentially the playbook piece you need to understand if you want to build and manage your business. The tactics are important and they’re most easily absorbed through modeling. But, there’s an even more important piece to the puzzle: cultivating empathy. Having a refined empathetic nature is the key to long-term Sales success. You can walk into Sales without it and get lucky and win some transactions, but the most successful, enduring, high-earning Salespeople have a highly developed sense of empathy.

Sales isn’t just about talking and selling all the time. Sales is truly about wanting to understand what problem someone needs to solve at a human level. It’s not just the stated business problems, but the unique underlying personal problems or objectives of everyone in the decision tree. When you can understand the unspoken and feel your way through the process, you’ll be selling at a higher level. That’s when you become a transformational figure in the lives of your customers, and they start to trust you in their decision-making process.

That’s also when you develop relationships and build a reputation that enables you to walk alongside the same business throughout your career. You create annuity accounts because you understand them in a way that brings them personal and professional value year after year. If you care for the customer first and always, they’ll take care of you for years as well.

Recommended: SalesTech Interview With Craig McGlynn, VP Of Revenue At PartnerCentric

Thank You, Jeff, for answering all our questions. We hope to see you again, soon.

cybera logo

Cybera fundamentally changes the way distributed businesses use technology. Our purpose-built network services platform empowers companies with many remote business locations to rapidly deploy, secure, and optimize new cloud-based applications and services.

This includes retail, hospitality, financial services, and healthcare organizations with hundreds or even thousands of remote sites.

Jeff is a Experienced Executive and Board Advisor, with a demonstrated history of achievement and innovative organizational design in the Networking and Security industries. He is skilled in Sales: products, services, and recurring revenue businesses, pre-sales, go-to-market, strategy, business alliances, team building, and leadership.

Jeff is a strong entrepreneurial professional with an education-focused in Law, Psychology, and Organizational behavior and leadership, through the University of Massachusetts, Cornell, and Columbia.

Personalization Should Bring Context to the Customer to Drive Lifetime Value

qubit logoCustomer experiences both online and in-person can, and should, be highly personalized to maximize return and boost loyalty, but only when done in a thoughtful and relevant way. If you’re not providing the correct context for personalized experiences, one mistake can risk losing a customer forever, and hence the relationship you’ve worked so hard to create. Let’s explore Personalization done right.

Make it individualized and consider your messaging carefully

When it comes to tailoring your customer experiences the key is to make it feel “natural” and, above all, not creepy. Where personalized product suggestions and messaging often goes wrong is when we don’t place enough emphasis on thoughtful copywriting. Treat every channel communication, whether it’s on the homepage, on the PDP, in email, on mobile, etc., as if you would say it to someone face-to-face – technology now enables brands to go way beyond the “Dear XXXX” at the top of the email.

Personalization has the ability to give the visitor context at every point of the journey, sometimes it’s nuanced, sometimes it’s upfront, but the consumer is expectant of relevant experiences. This expectation is only set to increase as new and returning customers recognize that they are handing over data every time they engage that can, and should, inform in-session and future engagements.

Whether it’s nuanced or upfront, examples can include the pre-selected size of a garment based on previous purchase behavior, a more nuanced example might be recommendations based on the weather outside. Both give an individual the relevant context as to why they are receiving that communication. Perhaps where it can get a little weird is when you fire a notification to the individual’s phone when they are within a certain distance of a store.

Technology can give you an unrivaled scale, but it’s up to you, the human, to ensure you’re not setting and forgetting your Personalization program. If you lose the human element to the technology-enabled customer experience you risk talking to some of your most important customers in a way that’s completely irrelevant. Successful Personalization brings the team and the technology together to create a world-class experience for the many millions of visitors you serve.

Read more:  One of These 21 Personalization Tools Will Boost Your Sales

How to make Personalization meaningful

When Personalization is done right it is seamless, and the bottom line has to be about making customers feel noticed and special. Some ways to make the experience more meaningful include:

  • Helpful reminders: Remind them of recently viewed items and related promotions–think coupons for insider deals or communication subscriptions. Give online or mobile visitors the ability to favorite or love items they have their eye on. By driving visitors to log in, you can capture valuable information to build relationships and loyalty by saving their interests.
  • Provide relevant discovery options: Surface what’s popular with similar visitor segments or what might be trending in totally different regions of the world. For example, for visitors to the U.S. site during Paris Fashion Week – show them a trending carousel of what’s popular in France.
  • Deliver the unexpected: To drive repeat purchases, suggest related items or future items that complement their initial purchase. If they don’t buy anything during a session but have shown intent, or even added products to their basket, send them an email with personalized recommendations based on that data.
  • Pre-select products based on availability: Keep their time in mind and keep the purchase process seamless by preselecting product size or type with low or out of stock messaging to make sure they don’t miss out on the products they love.
  • Promote specific product to increase LTV: Another tack brands can take is to carefully promote products to visitors on their return visits, especially if they showed intent for particular product lines and didn’t purchase in the previous session. For example, a handbag retailer might have a particular bag design in multiple different materials at different price points (i.e. leather, fabric or vinyl) – if the individual shows interest in a specific fabric in the first visit without purchasing, the next time they hit the site, recommend the leather, a more expensive version to potentially increasing AOV.
  • Personalize the perishables – Brands can also serve up “time to stock up” messaging, such as with beauty products. A skincare company might show the shopper products they are running on low based on average usage or how frequently the customer buys those items – both at login/visit to the site and in follow-up email messaging.

Taking the time to personalize customer experiences and communications is worth the investment in resources. Experiences with context will encourage repeat visits and strengthen customer loyalty. Personalization is now a must-have in a competitive marketplace where customers have choices at every turn. In order to win the fight to retain customers and increase loyalty, brands simply must find a way to personalize in a way that captures hearts and stays true to their brand.

Read more: Using Personalization to Grow Sales

Moz Expands Executive Team with Three VPs

Online Search Authority Taps Top Industry Talent Rob Ousbey, Willow Mack, and Michael Cole

Moz, Inc., the leader in search engine optimization technology, welcomes new VP of Product, Rob Ousbey, and promotes Willow Mack to VP of Customer Enablement and Michael Cole to VP of Engineering. With these appointments, Moz strengthens its mission to help customers gain an edge in the increasingly complex and ever-changing world of search.

As the former VP Seattle at Distilled, an online marketing agency, Ousbey brings over a decade of expertise in online search. With his continued success in developing and executing SEO strategies, Ousbey will deliver unprecedented value to the Moz community.

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“The requirements for performing well in organic search have changed faster than ever over recent years. To compete, businesses are turning to experts for help and looking for tools that will give them an edge in SEO,” said Ousbey. “Everyone in the world of SEO knows Moz, for their tools and world class-quality data as much as their contributions to the industry. Moz is a source of truth and integrity in the SEO community, and it’s a privilege to be a part of this team.”

Willow Mack will continue to shape the customer service experience at Moz with over 20 years leading customer success strategies. Michael Cole, in the expansion of his role as the VP of Engineering, brings an eye for detail and passion for creating the most advanced solution to the team.

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“We’re bringing in the best-of-the-best talent in the industry to build out our executive team,” said Moz CEO, Sarah Bird. “Also, with Willow’s promotion, we’re close to 50% women representation on our executive team, which aligns with our mission to foster an environment where our executive team can learn more about each other and appreciate the experiences that shape us. Nurturing authenticity and inclusivity has helped us become closer to our customers and more creative in the ways we work together to help solve their problems.”

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Vena Taps SaaS Growth Veteran and Former HubSpot Chief Sales Officer as New CEO

Hunter Madeley to Lead FP&A Cloud Vendor as Canada’s Next Breakout Tech Company

Vena Solutions, the only FP&A Cloud that’s trusted by finance and loved by business, announced it has appointed cloud software growth veteran Hunter Madeley as its new chief executive officer, effective immediately. Founding CEO Don Mal announced his retirement as chief executive and will remain with the company in an advisory and support role.

Madeley’s career spans 20 years driving rapid growth for some of the biggest names in software-as-a-service (SaaS). He joins Vena from global marketing automation and customer relationship management (CRM) firm HubSpot, where as chief sales officer he led annual revenue growth from $80 million to nearly $600 million in just five years. Previously, he helped double worldwide sales to $4 billion at SaaS and CRM pioneer Salesforce.com.

“I’ve had the privilege of leading wonderful growth engines at some of the world’s most important companies in cloud software, but I’ve long envisioned bringing that experience back home to help a Canadian tech firm do great things in becoming a global standard,” said Madeley. “Now is the right time for me and my family, Canada is the right place to build a world-class company, and Vena is the right company with the right culture to make that vision a reality. The team at Vena has done some amazing work together and I’m thrilled to be playing a role in the next phase of our growth.”

Read More: SugarCRM Hires Veteran Software Executive John Donaldson as Chief Financial Officer

Madeley’s appointment is the latest step in Vena’s march to serving tens of thousands of customers worldwide. As CEO, his priorities will be accelerating Vena’s industry-leading growth and scaling the business with a keen focus on customer experience and value. For Madeley, Vena is an opportunity to achieve a long-term goal of returning to Canada to lead the country’s next global technology success story.

“I talk to Canadian tech CEOs all the time and it’s clear the country is at an inflection point. Tech CEOs aren’t building companies to find an exit strategy anymore,” added Madeley. “We’re building companies to thrive on the world stage – companies built to last.”

“We are delighted to welcome Hunter as Vena’s CEO,” said Peter Arrowsmith, General Partner at JMI Equity and member of Vena’s Board of Directors. “His exceptional leadership experience, passion for building and empowering great teams, and ability to drive significant growth will help Vena continue expanding its market leadership in cloud corporate performance management and propel the company’s next phase of success.”

“We’re very excited to have Hunter join Vena to continue its innovative expansion as a market leader in FP&A software. He has demonstrated a clear ability to lead companies through transformative growth that delivers value to customers, partners, employees, and shareholders,” said Eric Byunn, Partner at Centana Growth Partners and fellow Vena Board member. “We also want to thank Don for his years of tireless service to the company, and for bringing Vena to this point of significant momentum.”

Read More: The Globe and Mail Selects AWS as Its Preferred Cloud Provider

Under Mal’s sales-driven leadership, Vena quickly became the fastest growing company in its sector with five straight years of triple-digit growth. Entering a market with larger, established incumbents in 2011, today Vena is widely recognized as the leader in ease of use, customer satisfaction and product functionality. This year Vena has continued to hit new milestones with two more quarters of record revenue growth, new industry and analyst recognition, and raising $115 million in growth capital in one of the largest tech deals in Canadian history.

“I couldn’t be more proud of all we’ve accomplished in the eight years since Rishi, George and I founded the company, and Vena couldn’t be in better hands – or better positioned for accelerated growth – under Hunter’s leadership,” said Don Mal, Vena’s co-founder and outgoing CEO.

After eight years at Vena’s helm, Mal is retiring to pursue long-time personal passions. Co-founders Rishi Grover and George Papayiannis are continuing their full-time commitment to Vena in their capacities as chief solutions architect and chief technology officer respectively.

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Betting on the Future: Korn Ferry Research Shows Retail CEO Bonuses are Increasingly Structured to Reflect Industry Volatility

Nearly 20 Percent of Companies Reward CEOs for Planning for Evolving Strategic Priorities

As the retail industry continues to make its seismic shift from bricks and mortar to customer-facing, omni-channel, AI-driven companies, CEOs more and more are being rewarded for innovating and planning for the future instead of simply achieving annual profit goals. That according to new research from Korn Ferry.

“But now it’s absolutely critical that CEOs formulate plans today to guide their companies and tailor their offering to best suit customers, embrace technology such as AI, and create seamless e-commerce channels. If this isn’t happening, retailers will not survive.”

Korn Ferry conducted an analysis of 68 North American retailers, with median annual sales of approximately $6.6 billion, representing approximately 2.5 million employees. The study found that while company profitability is still the most prevalent performance metric by which CEOs are judged, nearly a fifth (17 percent) of companies now have incorporated planning for evolving strategic priorities as a key measure of success.

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“As few as two years ago, strategic planning objectives were not in the mix of what retail CEOs’ bonuses were based upon,” said Craig Rowley, Korn Ferry senior partner and retail expert. “But now it’s absolutely critical that CEOs formulate plans today to guide their companies and tailor their offering to best suit customers, embrace technology such as AI, and create seamless e-commerce channels. If this isn’t happening, retailers will not survive.”

Another trend in CEO bonuses is an increase in the percentage of their target bonuses – up from a median of 100 percent of base salary just a few years ago to a median of 150 percent in 2019 for their 2018 performance.

“In order to incentivize CEOs to achieve company goals, boards have increased the bonus opportunity,” said Cory Morrow, Korn Ferry senior client partner. “The impact goes beyond CEOs to other retail executives – for example, the median COO target bonus rose from 95 percent last year to 100 percent this year.”

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In terms of overall executive retail bonuses, 2019 actual incentive payouts (for 2018 performance) were closer to target bonuses than in 2018 (for 2017 performance). The average payout was 75 percent of target. Thirty-seven percent of survey participants had payouts of at least 100 percent of their targeted bonus. That’s a 22 percent increase from 2018, when 29 percent of retail executives received at least 100 percent of their target bonuses. In 2017, that number was only 15 percent.

“Despite ongoing store closings, the retailers who ‘get it’ and are evolving with changing customer habits are seeing increasing profits, which in turn helps boost bonuses,” said Rowley.

Read More: New Breed Ranked as One of America’s Fastest-Growing Private Companies by Inc. Magazine

Nixplay Signage and PCCW Global to Collaborate on IoT and Digital Signage

Partnership to Explore Bringing Connectivity to Business Signage in Every Location

Nixplay Signage, a division of Nixplay, the world’s leading smart photo frame designer and manufacturer, has announced a strategic partnership with PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider to jointly explore greater activation of Internet of Things and digital signage.

Nixplay Signage provides an out-of-the-box digital signage solution with integrated hardware and software offerings that can benefit companies spanning every industry. With PCCW Global’s vast global network coverage, this collaboration will explore bringing connectivity to digital signage irrespective of location or connection.

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“With the emergence of digital signage as a hygienic factor in literally every industry, we believe the market demands not only innovative hardware and software, but connectivity options, too,” says David Fergusson, Managing Director of Nixplay and Nixplay Signage. “Our collaboration with PCCW Global will enable us to jointly innovate and deliver solutions that make technology accessible irrespective of location.”

“IoT is transforming everyday objects into connected smart systems that will enrich our lives, wherever we are. We are very proud to be the IoT business partner of Nixplay and excited to jointly explore international business opportunities together,” says Craig Price, Senior Vice President, Mobility Products and Marketing, PCCW Global.

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Creedon Technologies was founded in 2007 with a vision to connect people with technology. In 2009 the company’s first brand, NIX, was launched and quickly became the number one Digital Photo Frame in the USA. In December 2013 Nixplay was launched and has gone on to become the top selling Cloud connected Digital Photo Frame in the world. Our success stems from our commitment to innovation, design and user experience, a belief that still stands to this day.

In 2016, Nixplay Signage was launched in response to requests from our existing consumer base who challenged us to create an equally simple solution for their corporate needs. As the premier integrated hardware and software offering, Nixplay Signage is trusted by businesses of every size – from local stores, to leading Fortune 500 companies.

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