STERLING, Va.--(BUSINESS WIRE)--Natural Insight, a private retail technology company engaged in workforce management, today announced an update on corporate performance that reflects record results in a variety of operational areas. Natural Insight retail data is often viewed as a bellwether for retail economic activity. All results are through the most recent quarter ended March 31, 2012.
Recent Business Highlights
- Q1 2012 revenue growth was a record 49% increase over the same period last year and continues a string of strong results and revenue records experienced in 2011.
- During Q1, tens of thousands of workers used Natural Insight to schedule, track and report on over a million job assignments in more than 70,000 North American retail locations. These results reflect a record 61% rise in activity over Q1 2011.
- Again in record-setting numbers for Q1, Natural Insight collected over 30 million points of data related to in-store retail execution on behalf of major brands and retailers across North America.
- In one of the fastest-growing segments of retail execution - photo validation - the Natural Insight platform was used to collect over 650,000 photos verifying job completion and in-store conditions.
- The company continued an aggressive expansion plan during the quarter, adding international clients in Canada and initiating sales in the United Kingdom with partner CACI Ltd.
- Allowing workers to capitalize on the Bring Your Own Device (BYOD) trend and the rapidly accelerating adoption of smartphones in the workplace, current Natural Insight customers were offered a free mobile reporting gateway. This new capability delivers transformative ROI for retail organizations while simplifying execution effort by workers.
In making the announcement, Stefan Midford, President and CEO of Natural Insight stated that, “From our unique perspective of observing detailed retail execution activity over time, it is evident that 2012 is significantly outperforming the prior year already – good news for product and retail distribution sectors. Additionally and particularly given the recent introduction of new mobile capability for smartphones within our platform, we anticipate continued record growth throughout 2012.”
With the acceleration of smartphone use in the workplace – Neilsen indicates 71% of employers allowed them in 2011 – the trend towards BYOD and the use of tablets is allowing revolutionary cost reductions for retail execution intelligence while capturing data real-time.
About Natural Insight
Natural Insight is a private retail technology company providing an innovative, cloud-based platform that significantly improves sales, reduces overhead and provides real-time workforce activity feedback. Through an integrated suite of solutions focused on scheduling, task management, data reporting and timekeeping, managers are empowered to coordinate a larger number of workers with significantly less effort. Providing services across a broad cross-section of the retail industry, Natural Insight is used by major retailers and servicing companies to improve execution and manage in-store merchandising, assisted sales, magazine and book distribution, product demos, and store audits.