ANDOVER, Mass., Feb. 28, 2024 ~ Nextuple, a leading company in retail and grocery fulfillment, had a remarkable year in terms of growth and expansion in 2023. The company recently released key metrics that demonstrate its strong performance in the enterprise order management systems (OMS) market, including a 100 percent increase in product revenue and a 67 percent growth in Nextuple's product-led implementations and engineering services revenue.

Darpan Seth, the chief executive officer at Nextuple, expressed his pride in the company's achievements over the past year. He stated, "During the last year, I'm very proud of the way everyone in the company has worked to innovate and grow Nextuple's Order Management Studio products for the retail and grocery sectors—addressing the ever-changing challenges companies face when it comes to order fulfillment." Seth also emphasized their mission to disrupt the enterprise OMS software and services industry with their innovative software.

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One of the major milestones for Nextuple in 2023 was the launch of their OMS Studio by five national omnichannel retailers. This composable suite of microservices offers a unique delivery model that allows companies to quickly respond to consumer demands for speed and convenience. These new customers alone bring in $50 billion in annual revenue across 7,000 store locations.

In addition to these new customers, BJ's Wholesale Club (BJ's) also selected Nextuple's OMS Studio as they move away from their legacy OMS inventory system and aim to modernize their overall inventory operations. With over $19 billion in annual revenue and more than 230 clubs, BJ's is a significant addition to Nextuple's client portfolio.

As Nextuple continues to expand into the retail marketplace, they have increased their global headcount by over 30 percent. They have also made two key hires who bring decades of experience in building relationships and driving growth. Anshuman Jaiswal joins as Vice President of Growth Strategy and Operations with over 20 years of industry and management consulting experience. David Howe, the new Director of Account Strategy and Customer Success, brings over a decade of retail experience from his previous roles at Deloitte Consulting and Walmart.

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Nextuple has also signed multiple marketplace partnership agreements to further expand their technology deployment. These partnerships with AWS Marketplace, Google Cloud Marketplace, and Azure Marketplace will allow their retail and grocery clients to simplify software licensing and procurement by leveraging their existing cloud-infrastructure partner relationships.

Seth credits Nextuple's success to their "AI-first" technology that offers predictive and explainability features to retailers. He stated, "We expect to continue to deliver industry-leading software that addresses retailers' most pressing fulfillment pain points." With a strong foundation and a focus on innovation, Nextuple looks forward to further growth in 2024 as they continue to serve their customers, expand their team, and form strategic partnerships in the retail industry.
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