RELEX

RELEX provides unified retail planning, demand forecasting, inventory planning, automatic replenishment and workforce optimization solutions. Read more

507 Followers on Owler
507 Followers on Owler
507 Followers on Owler
507 Followers on Owler

RELEX

RELEX provides unified retail planning, demand forecasting, inventory planning, automatic replenishment and workforce optimization solutions. Read more

Mikko Karkkainen's photo - Co-Founder & CEO of RELEX

Co-Founder & CEO

Mikko Karkkainen

CEO Approval Rating

86/100

Founded:

2005

Status:

PrivateIndependent Company

Est. Annual Revenue
Est. Employees

RELEX TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

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Market6 is perceived as one of RELEX's biggest rivals. Market6's headquarters is in Deerfield, Illinois, and was founded in 2006. Market6 operates in the Hypermarkets & Super Centers industry. Market6 generates 11% of RELEX's revenue.

Mi9 Retail has been one of RELEX's top competitors. Mi9 Retail is a Private company that was founded in 2001 in Miami, Florida. Mi9 Retail operates in the Supply Chain Management industry. Compared to RELEX, Mi9 Retail has 240 fewer employees.

Supply Chain Solutions, Inc. is RELEX's #3 rival. Supply Chain Solutions, Inc. was founded in Grand Rapids, Michigan} in 2001. Supply Chain Solutions, Inc. is in the Business Support Services industry. Compared to RELEX, Supply Chain Solutions, Inc. generates $24M less revenue.

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Growth Score - 1/1

Is $69M a good estimate for RELEX's revenue?

RELEX Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Forecast Solutions

Jan 2018

Source »
undisclosed
Forecast Solutions provides supply chain planning and optimization software for food, electronics, pharmaceutical and chemical industries.

These are all the companies that RELEX has acquired. RELEX's latest acquisition was Forecast Solutions in Jan 2018. Forecast Solutions provides supply chain planning and optimization software for food, electronics, pharmaceutical and chemical industries.

RELEX Funding History

Since RELEX was founded in 2005, it has participated in 3 rounds of funding. In total RELEX has raised $222.4M. RELEX's last funding round was on Feb 2019 for a total of $200.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Venture Round
Feb 2019
$200M

Technology Crossover Ventures

Equity
Sep 2017
--
Equity
Sep 2015
$22.4M

Since RELEX was founded in 2005, it has participated in 3 rounds of funding. In total RELEX has raised $222.4M. RELEX's last funding round was on Feb 2019 for a total of $200.0M

RELEX Investments

No recent investments found related to RELEX

These are all the companies that RELEX has invested in. RELEX's latest investment was Forecast Solutions in Jan 2018. Forecast Solutions provides supply chain planning and optimization software for food, electronics, pharmaceutical and chemical industries.

RELEX News

April 25, 2021Australian Financial Review

Coles partners with Relex to improve replenishment

Relex replenishment systems use AI and computation power to forecast demand, taking into account seas... See more »
April 22, 2021Retail Times

M&S Food selects RELEX Solutions to provide forecasting, ordering, and allocation management

RELEX Solutions has been appointed by M&S Food to supply unified planning solutions that will transfo... See more »
April 7, 2021Convenience Store Decisions

Kum & Go Partners With RELEX Solutions

Kum & Go is teaming up with RELEX Solutions, provider of unified retail planning solutions, for unifi... See more »
February 11, 2021Talking Retail

One Stop adds new forecasting software

One Stop has extended its partnership with retail software firm Relex Solutions to add new forecastin... See more »
January 8, 2021The Paypers

Mambu reveals EUR 110 mln raised in funding round

Mambu has announced its latest funding round of EUR 110 million in new capital, led by TCV, whose inv... See more »

RELEX Blogs

December 3, 2019RELEX Blog

Optimizing Inventory Management for Online Retail

Online retailers need to make smart, data-based decisions on what to stock and what not, to manage th... See more »
December 3, 2019RELEX Blog

Season’s Greetings Calendar 2019

We like to spread our holiday joy by doing charitable work and supporting good causes. Throughout Dec... See more »
November 27, 2019RELEX Blog

AI Needs to Be More than Just a Bright, Shiny Object

Rather than shifting tasks to customers, AI is put to best use by automating repetitive tasks to free... See more »
November 26, 2019RELEX Blog

Case Coop Värmland: Using Demand Forecasts to Help Optimize Workforce Planning

By linking shift planning to demand forecasts and the incoming delivery schedule, Coop Värmland has b... See more »
November 20, 2019RELEX Blog

The Impact of Urbanization in the Age of Living Retail

Retail is about people: what we need, what we want, and where and how we live. That’s why significant... See more »
November 18, 2019RELEX Blog

Pharma Distributor So.Farma.Morra to Boost Efficiency with RELEX Solutions

Italian pharmaceutical group So.FarmaMorra has selected RELEX Solutions to improve forecasting and re... See more »
November 13, 2019RELEX Blog

Customer Voice: Towards Forecast-based Workforce Optimization

In this blog, our customer Stockmann’s Head of HR Services and Digitalization and Shift Planners Team... See more »

RELEX Press Releases

February 27, 2018Free Press Release 2

Truesight Consulting Expands Global Footprint with Formal Launch of Expanded Delhi Office; Appoints Industry Veteran, Nitesh Sahay, Country and Region Leader

Truesight Consulting, the independent advanced marketing analytics consultancy announces its global e... See more »
January 9, 2018Business Wire

RELEX Solutions to Launch Game-Changing Floor Planning Solution at NRF

ATLANTA--(BUSINESS WIRE)--RELEX Solutions, leader in unified retail planning technology, is unveiling... See more »
October 11, 2017PRWeb

RELEX Solutions Recognized as a Challenger in Gartner Magic Quadrant for Retail Assortment Management Applications

Gartner positions RELEX in the "Challengers" quadrant based on ability to execute and completeness of... See more »
July 18, 2017Press Release Rocket

MGI Research Recognizes RELEX Solutions' Momentum and Commitment to 100% Customer Referenceability

MGI 360 Ratings report for the Core SCM market places RELEX above peers in product, strategy and fina... See more »
June 13, 2017Free Press Release 2

RELEX Takes Stake In Zenopt to Offer Workforce Optimization to Retailers

New RELEX partnership with Zenopt recognizes that managing labor efficiently helps reduce costs and i... See more »
February 28, 2017Press Release Rocket

RELEX Solutions's Michael Falck Recognized by Supply & Demand Chain Executive as a 2017 Pro to Know

Michael Falck, President of RELEX Solutions U.S., was named a 2017 Provider Pro to Know by Supply & D... See more »
February 1, 2017Free Press Release 2

RELEX and S Group Deepen Relationship With Major Retail Planning Project

Finland's largest retailer using RELEX Software across multiple chains and 1000+ stores... See more »

RELEX Videos

Social Media

RELEX Headquarters

Postintaival 7

Helsinki, Southern Finland00230

358-0-20-743-5730

Driving Directions »

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RELEX Summary

ABOUT

Overview

RELEX provides unified retail planning, demand forecasting, inventory planning, automatic replenishment and workforce optimization solutions. RELEX was founded in 2005. RELEX's headquarters is located in Helsinki, Southern Finland, FI 00230. It has ra...

CEO

RELEX's Co-Founder & CEO, Mikko Karkkainen, currently has an approval rating of 86%. RELEX's primary competitors are Market6, Mi9 Retail & Supply Chain Solutions, Inc..

Website

relexsolutions.com

Frequently Asked Questions about RELEX

  1. When was RELEX founded?

    RELEX was founded in 2005
  2. Who is RELEX's CEO?

    RELEX's CEO is Mikko Karkkainen
  3. How much revenue does RELEX generate?

    RELEX generates $69M in revenue
  4. How much funding does RELEX have?

    RELEX has historically raised $222.4M in funding
  1. Where is RELEX's headquarters?

    RELEX's headquarters is in Helsinki Southern Finland, FI
  2. How many employees does RELEX have?

    RELEX has 850 employees
  3. What sector does RELEX operate in?

    RELEX is in IT Services
  4. Who are RELEX's competitors?

    RELEX's top competitors are Market6, Mi9 Retail, Supply Chain Solutions, Inc.