1WorldSync Sees Record Expansion and Growth Since 2012
(Thomson Reuters ONE) -
Year-over-year growth in industry adoption and customer acquisition continues to
enhance 1WorldSync's market-leading position
LAWRENCEVILLE, N.J., Feb. 23, 2017 (GLOBE NEWSWIRE) -- For the fifth year in a
row, 1WorldSync, the largest global content exchange network, has experienced
record growth in industry adoption and customer acquisition. Significant
investments in cloud-based solutions to further enhance customers' ability to
aggregate, curate, and syndicate trusted product content have solidified
1WorldSync's market-leading position, leading to record growth and expanded
global market penetration in 2016.
1WorldSync increased its Global Trade Item Number (GTIN) base by 2.25 million in
2016, enabling more sellers to standardize product content between trading
partners and optimize data quality than any other content exchange network in
the industry. Currently powering 85 percent of the GTINs in the Global Data
Synchronization Network (GDSN), 1WorldSync empowers customers to exchange
authentic, synchronized product content with trading partners and consumers
around the world. The company enabled the exchange of more than 1.4 million
product images for 540,000 products within the consumer products and supply
chain categories in 2016.
"We have seen an incredible increase in our customer base, highlighted by our
market-leading depth of coverage across multiple industries, markets and
geographies in the past two years," said Nihat Arkan, CEO of 1WorldSync. "Our
customers come to us because we understand their product content challenges and
provide a single solution for all their needs. Our innovative solution allows us
to help increase their competitive advantage through improved data quality and
enhanced transparency in today's competitive digital market."
1WorldSync increased its market coverage in several industries over the past
year. In the healthcare industry, the company now powers the aggregation and
distribution of product content for 98 percent of the healthcare GTINs in the
GDSN. In the foodservice industry, 75 percent of the GTINs in the GDSN went
through 1WorldSync in 2016.
Additionally, 1WorldSync retained a vast majority of existing customers while
increasing its base, experiencing 95 percent customer retention rate since
2015. The company maintained an average 93 percent retention rate over the past
five years. With 2,400 non-GDSN company acquisitions over this time, this
retention is a significant contributor to the continued growth of the company.
For more information, visit www.1worldsync.com.
About 1WorldSync
1WorldSync is the leading multi-enterprise product information network, helping
more than 25,000 global brands and their trading partners in over 60 countries -
share authentic, trusted content in the hands of their customers and consumers,
empowering consumers to make the right choices, purchases, health and lifestyle
decisions. Through its solutions, technology platform and expert services,
1WorldSync provides solutions that meet the diverse needs of its customers. For
more information, please visit http://www.1worldsync.com
Media Contact
Rachel Gulden
312-267-0530
rachel.gulden(at)walkersands.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: 1WorldSync via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 526012
Anzahl Zeichen: 3948
contact information:
Town:
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Kategorie:
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