Company’s ascension in Enterprise Software sector follows record growth year
BROOKLYN, N.Y.–(BUSINESS WIRE)–Threecolts, the most comprehensive cloud business suite for consumer brands, announces its inclusion in the 2024 Lazard T100 European Venture Growth Index in the Enterprise Software sector.
“We are honored by our inclusion in the Lazard T100 Index,” said Rohan Thambrahalli, CEO of DimeTyd and chief commercial officer for Threecolts. “This recognition reflects our commitment to innovation and our dedication to empowering brands across e-commerce marketplaces. At Threecolts, we have focused on deepening our customer base through organic growth and bringing our solutions together to enable brands and sellers to drive profits and value.”
The T100 is a list of the most interesting venture and growth-backed businesses in Europe. It aims to achieve diversity across sector and stage, showcasing businesses with the potential to disrupt industries rapidly and ascend as market leaders in multi-billion-dollar segments of the economy.
Threecolts’ recognition in the T100 by Lazard stems from its provision of vertical market software for the consumer goods industry, valued at approximately $100 billion annually. Threecolts’ software aggregates tools for omnichannel workflow management, integrating seamlessly with major sales channels like Amazon, eBay, Walmart, and Shopify.
The inclusion in the T100 Index follows a strategic growth year for Threecolts. Strategic growth initiatives for the company included the acquisition of DimeTyd, a fully automated FinOps platform for enterprise Amazon vendors offering recuperation of profit leakage based on complex accounting errors. Following the acquisition of DimeTyd and Thambrahalli spearheading growth, Threecolts has significantly expanded its footprint with enterprise customers, growing to triple digits and now comprising 63% of its overall customer base. Notable customers are in consumer-packaged goods, beauty, health and personal care, consumer electronics, healthcare, and home improvement.
As a result of the growth and market demand, Threecolts also doubled its global employee headcount to 100. As the company continues into 2024, the company is poised to top last year’s growth.
“We are on track to continue to significantly increase our enterprise customer base and revenue in 2024. My focus has been on creating a Growth-as-a-Service framework to drive organic customer acquisition,” continued Thambrahalli. “Amazon and other online marketplaces are dominating channels for commerce – a trend we see continuing. With the right platforms, brands can drive predictive results, amplify reach, and maximize profits.”
About Threecolts
Threecolts is the most comprehensive cloud business suite for consumer brands. Tens of thousands of customers––including the fastest-growing startups, Fortune 500 enterprises, and leading e-commerce agencies––are using Threecolts to grow faster, lower costs, and become more agile.
To learn more, go to www.Threecolts.com
Contacts
Kat Long
308.627.6897
kat.long@anthonybarnum.com
