Company Doubles Chicago Office Space, Adds 23 Partner Organizations and Expands Open Network
CHICAGO – June 7, 2017 – PowerReviews, a leading provider of ratings, reviews and question and answer technology to more than 1,000 global brands and retailers, continues impressive growth by doubling office space, adding more than 75 employees and expanding the open network. PowerReviews was recently selected as one of the Fast 50 by Crain’s Chicago Business.
“PowerReviews continues to add new clients, including some of the largest brands and retailers in the world. We are rapidly expanding our partnership program to serve the whole market by making it even easier for customers of all sizes to integrate PowerReviews with leading e-commerce platforms. In addition, we are entering new business sectors, including financial services.” said Matt Moog, chief executive officer, PowerReviews. “I am very optimistic about the coming year, as more and more consumers rely on user generated content. We have the right leadership team and superior technology to expand our product portfolio and accelerate our strong and continuous growth. ”
Product
The company continues to invest in technology innovation, including the launch of its visual content offering. Retailers and brands can now showcase images in a gallery on their product pages’ review display and consumers can submit and view videos directly on retailer and brand sites from mobile devices. When products with reviews include visual content, PowerReviews clients saw a 88% order lift and a 69% conversion lift. In addition, clients saw more traffic, with 18% more impressions for product pages with visual content compared to those without.
Network
PowerReviews announced the expansion of its Open Network, which ensures the continued syndication of authentic product reviews collected on brand sites to leading e-commerce retailer sites. Review syndication makes more reviews available to shoppers on more e-commerce sites. Syndication enables the distribution of reviews collected on brand sites to retail e-commerce sites to make that content visible to more shoppers. On average, retailers receive 58% of their review content from syndication and currently more than 80 million reviews have been syndicated across the network.
Clients
PowerReviews serves clients of all sizes including the largest retailers as well as small and fast growing clients. PowerReviews has added more than 200 enterprise clients within the last year, representing more than $200 billion in combined revenue. In addition, the company boasts nearly 100 clients that have retail sales exceeding $1 billion. The company’s technology can scale for all merchants while providing seamless ratings and reviews implementation, increased review coverage through syndication, and comprehensive reporting.
People
PowerReviews has added more than 75 people in the past year and has more than doubled its headcount in the past two years. In addition, the company was just named to the Best and Brightest list by National Association for Business Resources. The rapid expansion and hiring will continue given the pace of new client acquisitions. Last month, PowerReviews moved into a expanded 52,000 sqf space at 1 N. Dearborn, more than doubling the previous space. This additional space will allow the company to continue its impressive growth, with high ceilings, natural light, a large gym, beautiful rooftop space, and it’s centrally located to public transportation.
Partners
PowerReviews partners with the industry’s leading technology and service providers to help brands and retailers drive traffic, sales and actionable insights. With our partnership program, PowerReviews is teaming up with the industry’s leading e-commerce platforms, digital agencies, and technology partners to make it easier for brands and retailers of all sizes to drive traffic, sales and actionable insights. PowerReviews has added 23 new partners in the past year including Workarea, Thanx Media, Dynamic Yield and ROI Revolution.
About PowerReviews
PowerReviews works with more than 1,000 global brands and retailers to deliver cloud-based software that collects and displays ratings and reviews and questions and answers on websites. PowerReviews unifies and amplifies the voice of the consumer throughout their journey, across all channels to help consumers make better purchase decisions and to help businesses drive conversion and improve products and services. Ratings and reviews are essential for consumers as they search and shop online and in-store, driving traffic on more than 5,000 websites, creating actionable insights to improve products and services, increasing conversion, and growing online site-wide sales. The PowerReviews Open Network reaches more than 1 billion in-market shoppers every month, giving retailers and brands the power to reach shoppers wherever they are. For more information, visit www.powerreviews.com.
