VTEX Powers Growth for Enterprise Brands, Earning Recognition in the 2024 Gartner® Magic Quadrant™ for Digital Commerce
Enterprise brands are increasingly rejecting the constraints of legacy commerce platforms. Over the past three years (2022-2024), migrations to VTEX from legacy systems surged more than five times compared to the previous three-year period (2019-2021). As businesses seek to scale without limitations, VTEX (NYSE: VTEX)—a composable, all-in-one commerce platform for B2B and B2C brands—has been named a Challenger in the 2024 Gartner® Magic Quadrant™ for Digital Commerce report. This recognition affirms VTEX’s role in empowering retailers, manufacturers, and distributors who are serious about growth to break free from outdated norms.
“We’re continuing to expand in the U.S. and EU with precisely that in mind,” said Mariano Gomide de Faria, Co-CEO & Co-Founder of VTEX.
Setting the Standard for Growth in Complex Markets
“We’re not just a growth partner for brands thriving in the most demanding markets; we’re setting the standard as the commerce platform for grownups,” said Gomide de Faria. “From navigating some of the world’s most complex markets to powering U.S. digital commerce for brands like Colgate, Stanley Black & Decker, U.S. Electrical Services Inc., and Hearst, our journey has shaped our approach. With insights gained through experience and a playbook built on resilience, we’re proud to be named a Challenger by Gartner. We believe our ability to execute proves we’re here to elevate the standards that no longer serve enterprises.”
A Platform Built for Change
Unlike competitors that emerged in stable markets, VTEX was forged in the volatility of unpredictable environments. This has resulted in a digital commerce platform that doesn’t just react to change—it anticipates it. VTEX’s track record of helping brands navigate high-stakes volatility and razor-thin margins has made it the go-to solution for businesses demanding both agility and dependability. VTEX’s recent Total Economic Impact™ report, a study conducted by Forrester Consulting and commissioned by VTEX, reveals impressive results for businesses making the switch:
- A 133% return on investment (ROI)
- $17.1 million in additional revenue growth
- $5.8 million in savings from migrating away from legacy systems
Leading the Way in Global Digital Commerce
VTEX has consistently challenged industry norms and redefined digital commerce. From blurring the lines between B2B and B2C to introducing conversational commerce and WhatsApp integrations to the U.S. market, VTEX continues to innovate. With demand for these advancements rapidly growing in the U.S. and Europe, VTEX is prepared to meet this rising demand.
“Our customers don’t want a vendor; they want a partner who can predict their next move and make it operational by Monday,” added Gomide de Faria. “We’re expanding in the U.S. and EU with that very focus.”
For businesses ready to break free from the predictability of traditional platforms, VTEX offers more than just a solution—it’s a movement. Read the full 2024 Gartner® Magic Quadrant™ for Digital Commerce report here.
About VTEX
VTEX (NYSE: VTEX) is a leading composable commerce platform that helps brands, distributors, and retailers modernize their technology stack with enhanced efficiency and less maintenance. Through a pragmatic approach to composability, VTEX offers unparalleled flexibility and comprehensive solutions, enabling businesses to focus on what delivers a clear competitive advantage and drives profitability. Trusted by over 2,600 global B2C and B2B clients—including Carrefour, Colgate, Motorola, Sony, Stanley Black & Decker, and Whirlpool—VTEX supports 3,500 active online stores across 43 countries as of December 31, 2023. For more information, visit www.vtex.com.
