International Cloud Computing Awards Program Announces Winners
CHICAGO, February 7th, 2023 – Logik.io, creators of Commerce Logic Engine technology powering configuration and guided selling for e-commerce and CPQ experiences, has been declared a winner of the Most Promising Start-Up this week in The Cloud Awards, the international awards for cloud computing.
“There’s tremendous innovation needed in both the sales and digital commerce markets right now as companies continue to rethink omnichannel strategies and how to drive revenue and operational efficiencies – so we are honored here at Logik.io to be recognized by The Cloud Awards as The Most Promising Start-Up,” Chris Shutts, Chief Executive Officer, Logik.io said. “In delivering a solution that betters the customer and seller experience by simplifying how complex products and bought and sold, Logik.io is making a massive impact on how businesses evolve their sales and commerce strategies.”
Last November, Logik.io announced it had recorded its first $1M quarter in Annual Recurring Revenue (ARR) bookings and did it in less than a year from when its Commerce Logic Engine became commercially available. Much of the growth can be attributed to the glaring needs of enterprise businesses: 40 percent of Logik.io’s customer base is made up of publicly traded companies, all with market caps over $2B. These businesses chose to partner with Logik.io to improve sales efficiency, evolve their omnichannel digital transformation initiatives, and focusing on platform consolidation favoring Salesforce-native applications.
“Logik.io is an admirable winner of The Cloud Awards as their solution takes the industry a step forward. There were many innovative solutions among the finalists, but Logik.io’s solution proved to the judging panel it was a clear choice for selection as the ultimate category winner,” James Williams, Head of Operations, The Cloud Awards, said.
In its twelfth year, The Cloud Awards categories include “Best Software as a Service,” “Best Place to Work in the Cloud,” and “Cloud Project of the Year.” You can view the full list of winners and finalists here: https://www.cloud-awards.com/2022-2023-cloud-awards-finalists/.
Logik.io’s commerce logic engine makes it simple for businesses to sell even their most complex products across every channel. Using intelligent selling rules, recommendations, and guardrails, Logik.io’s advanced configuration and guided selling tools let businesses build guided quoting experiences in CPQ that help sellers to sell perfect-fit solutions, and guide customers to configure and buy solutions on their own via e-commerce.
Created by industry experts who pioneered the CPQ category, Logik.io was purpose-built with innovations that fill critical technology gaps, increase sales efficiency, and reduce operational complexity for enterprise businesses.
Logik.io is backed by Salesforce Ventures and High Alpha.