Gartner Positions Elastic Path as a Visionary in Magic Quadrant for Digital Commerce 2017
Elastic Path positioned highest and furthest for ability to execute and completeness of vision in the Visionaries Quadrant
VANCOUVER – May 3, 2017 – Elastic Path Software Inc., a commerce company helping the world’s foremost brands generate more revenue, today announced for the second year in a row it has been recognized as a Visionary in Gartner’s Magic Quadrant for Digital Commerce 2017. Gartner follows 90 companies providing commerce software, of those 21 met the inclusion criteria for the Magic Quadrant. Elastic Path is positioned highest in its ability to execute and furthest in completeness of vision in the Visionaries Quadrant.
“We believe our placement as a Visionary validates our innovative API-based commerce vision, our relentless focus, and significant research and development investment,” said Harry Chemko, CEO, Elastic Path. “Having pioneered API-based commerce over five years ago, Elastic Path is at the forefront of digital commerce, accelerating next-level innovations.”
Digital commerce has disrupted business models in every sector. Companies are working hard to leverage new technologies to create exceptional customer experiences. Elastic Path® Commerce facilitates continuous business innovation with a flexible integration framework and sophisticated hypermedia API that allows companies to leverage any touchpoint, any legacy system, any content management system and any third-party application for commerce experiences that truly differentiate.
“To remain competitive and anticipate customers’ expectations in this fast evolving digital world, a commerce platform that can adapt to new technologies and business requirements quickly is a crucial success factor,” said Chemko, “Five years ago when we chose to engineer our product with a hypermedia API, business agility was the number one reason. That decision is paying off today. Brands looking to innovate in commerce, and quickly embed commerce into their customer experiences for every device or touchpoint, choose Elastic Path.”
About Elastic Path
Defining the future of digital commerce, Elastic Path develops the world’s most sophisticated API-based enterprise commerce platform. The company’s flagship product, Elastic Path® Commerce, has helped the world’s top brands generate over $45 billion in over 170 countries. Customers from industries as diverse as travel, telecoms, publishing, software, and retail enjoy the benefits of a flexible, open architecture that drives brand-defining customer experiences, facilitates business agility, and eliminates sales channel silos. Elastic Path is a private company based in Vancouver, Canada with sales offices in the UK and US.