Enterprise brands are no longer accepting the limitations of legacy commerce platforms. In fact, in the past three years (2022-2024), migrations from legacy platforms to VTEX grew more than five times compared to the previous three-year period (2019-2021).
As brands aim to grow without compromise, VTEX (NYSE: VTEX), the composable and complete commerce platform for B2B and B2C brands, has been named a Challenger in the 2024 Gartner® Magic Quadrant™ for Digital Commerce report. For VTEX, this acknowledges the platform’s ability to empower retailers, manufacturers, and distributors who are serious about growth to break free from the status quo.
“We’re not just a growth partner for brands thriving in the most demanding markets; we’re setting the standard as the commerce platform for grownups,” said Mariano Gomide de Faria, Co-CEO & Co-Founder of VTEX. “Our journey from navigating some of the world’s most complex markets to powering the U.S. digital commerce for brands like Colgate, Stanley Black & Decker, U.S. Electrical Services Inc., Hearst and more have shaped our approach. With our insights honed by experience and a playbook built through resilience, we’re proud to be named a Challenger by Gartner. We believe VTEX’s ability to execute proves that we’re here to elevate standards that no longer serve the enterprise.”
A Born Contender with a Winning Track Record
Unlike industry players that began their journey in the stability of mature markets, VTEX was built in the crucible of unpredictability. The result has become a digital commerce platform that doesn’t just respond to change—it anticipates it. VTEX’s expertise in supporting brands overcoming high-stakes volatility and tight margins has made it the commerce solution for brands and businesses that demand both agility and reliability. VTEX’s Total Economic Impact™, a study released in September 2023, conducted by Forrester Consulting and commissioned by VTEX showcases how VTEX delivers for modern enterprise businesses with:
● A 133% return on investment (ROI)
● $17.1 million in additional revenue growth
● $5.8 million in savings by migrating from legacy platforms
Driving Trends from the Americas to the World
VTEX is already a proven force in the global marketplace. From kickstarting the blurred lines between B2B and B2C digital commerce for manufacturers and distributors to introducing a modern frontend cloud within a commerce platform, along with conversational commerce and WhatsApp to the U.S. market, VTEX has consistently challenged the digital commerce landscape and industry norms. As demand for these cutting-edge innovations soars in the U.S. and Europe, VTEX is ready to deliver.
“Our customers don’t want a vendor; they want a partner who can forecast their next step and make it operational by Monday,” adds Mariano Gomide de Faria. “We’re continuing to expand in the U.S. and EU with precisely that in mind.”
For businesses ready to leave the predictable behind, VTEX isn’t just a solution—it’s a movement. Read the complete 2024 Gartner® Magic Quadrant™ for Digital Commerce report here.
