PrizeLogic in Rare Company, Ranking on Inc. 5000 for the Fifth Consecutive Year
America’s Promotions Powerhouse Continues to Lead in Growth and Innovation
Inc. Magazine has ranked PrizeLogic on its 35th annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. In 2016, PrizeLogic joins a finite group of ranked companies that have been listed five consecutive years.
PrizeLogic grew revenue more than 25 percent in 2015, and has increased revenue by over 267 percent since 2012 when the company made its first appearance on the Inc. 5000. The nation’s leading digital partner for promotions jumped 1,104 spots over last year, and is on a path for another year of double digit growth in 2016.
“Ranking on the Inc. 5000 has become a valued annual tradition for our team, and it’s an honor no matter how many times we’re named, that we don’t take lightly,” said Keith Simmons, CEO of PrizeLogic. “Striving for and achieving business growth is something that has started to come naturally for us after years of continued focus on premium client support, and releasing innovative new products and technology to ensure we can provide a true, all-inclusive service offering as our industry evolves rapidly as ever.”
PrizeLogic is fueled by innovation and recently released the company’s proprietary Receipt Recognition Platform. “For shopper marketing clients and retailers who desire the ability to reward the consumer upon validation of a purchase, PrizeLogic’s platform shows consumers the love by making it possible through an easy 3-step process and does not require a 3rd party or a separate app,” said John Vail, CMO of PrizeLogic.
Simmons added “We support our client’s objectives to drive a positive return on their marketing investments, measured by a host of performance indicators that ultimately lead to sales lift. In addition, we’re set up to support enriched on-going CRM (customer relation management) by leveraging the comprehensive data we acquire.”
PrizeLogic has repeatedly partnered with some of the most recognized Fortune 100 brands in the world including Pepsi, MillerCoors, Subway and Disney to ideate and execute promotions engaging consumers beyond the prize. In 2015 alone, PrizeLogic executed more than 1,000 promotions entered by more than 100 million consumers and awarded $50 million in prizes that lead to continued consumer engagement long after they were awarded.
Chief!Marketer has also recognized PrizeLogic, adding the promotions expert to its prestigious list of “Promo Top Shops.” Specifically, this honor is a result of achievements with consumer packaged goods (CPG) and trade promotions as well as the company’s expertise in loyalty and retention marketing. Crain’s Detroit recognized PrizeLogic in 2016 on its Fast 50 ranking, highlighting Michigan’s largest corporate growth stories.
PrizeLogic is trending toward double digit growth again in 2016. To view the PrizeLogic Inc. 5000 profile, visit http://www.inc.com/profile/prizelogic.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.