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Recurring Revenue Authors: Zakia Bouachraoui, Carmen Gonzalez, Yeshim Deniz, Elizabeth White, Pat Romanski

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Update: Quri Delivers Substantial Growth and Lays Foundation for Increased Expansion

Strengthens Executive Leadership Team With New CFO and Two New VPs

SAN FRANCISCO, CA -- (Marketwired) -- 08/21/14 -- Quri Inc., a retail intelligence company that provides on-shelf visibility and insights to Consumer Packaged Goods (CPG) brands, today announced significant growth statistics that illustrate the company's achievements. The company also announced strategic executive hires to fortify its leadership team and execute its long-term strategy. Quri's recent achievements include:

  • For 1H14 over 2H13, revenue increase of 600%
  • Revenue increase of 100% from Q114 to Q214
  • 70 total customers, including 90% of the world's top 25 CPG companies, such as Unilever, Proctor & Gamble and Nestle

In addition to its strong financial and customer figures, Quri also recently expanded its leadership team by introducing three key additions. This quarter, Kathleen Egan joined the Quri team as its new vice president of services and analytics. Egan combines a background at enterprise technology leaders such as Oracle, with strong expertise at early-stage, high growth start-ups. Quri also announced Justin Rowe as new vice president of engineering. Justin recently led a 100-person team to develop enterprise-class solutions as vice president of engineering at SuccessFactors, an SAP company. Finally, Quri's new chief financial officer Selim Freiha brings nearly 20 years' experience in e-commerce at both large public corporations and venture-backed startup companies. Previously, Selim was chief financial officer for PayPal's cross-border trade efforts at eBay.

"Based on Quri's pace of growth, we accelerated our efforts to build a stellar leadership team that supports our current trajectory," said Justin Behar, CEO and co-founder of Quri, Inc. "The response to Quri from the global CPG industry has been very strong and we are truly honored that brands are consistently selecting our platform to collect real-time in-store conditions data so they can addresses their retail execution problems."

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About Quri
Quri is a retail intelligence company that provides instant visibility into the performance of products and promotions on retail store shelves. Quri enables CPG companies and retailers to measure and optimize the exact shopper experience, maximizing the revenue and profitability of new product rollouts and on-going promotions. Quri is powered by a nationwide, on-demand mobile work force of consumers who can be immediately deployed at over 150,000 retail locations, providing real-time actionable data and insights to brands and retailers. The company is based in San Francisco, CA. For more information please visit: http://www.quri.com.

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