I am happy to share that Xeneta has been named a Gartner "Cool Vendor" 2018 in supply chain execution technologies. Gartner is a world renowned research institute and the creators of the "hype cycle mode" and the "Magic Quadrant".
Gartner's cool vendor status is given after careful analysis by Gartner analysts who are familiar with the topic area or market space and the vendor landscape. It is a once in a lifetime selection as no vendor can be selected more than once. There is no nomination process and companies can't apply. Companies are also not required to be Gartner customers. To receive the "cool vendor" status Gartner analysts look for the following (from the Gartner website):
- The vendor must be considered innovative or transformative for products, services or initiatives. Vendors are scored from on a scale of 1-10 across five areas: technology, use of technology, business model, transformative nature, and newness.
- Analysts must have spoken with multiple customers actually using the technology to make sure the product works as advertised and verify they are getting value from the solution.
Xeneta Goes One Step Further
According to the report, the Gartner analysts were particularly impressed with Xeneta's commitment to ensuring users have access to the latest ocean freight rate information by constantly updating benchmarks, rather than doing so weekly or monthly like other services. In addition, they noted that Xeneta applies a real-time aggregation of data against market rates to present individual customers with a personalized view into their potential savings opportunities.
The analysts acknowledged that getting companies to submit benchmarks is a difficult task. However, they tipped their hat at Xeneta's ability to work with cargo owners to easily provide their benchmarks to the platform.
It goes without saying that we are delighted to be cited as a Gartner Cool Vendor 2018 in Supply Chain Execution Technologies.
Xeneta CEO Patrik Berglund, said: “Our success is judged by the growth of the platform and the value we can deliver for our users’ businesses. However, it goes without saying that we’re delighted to be identified as a ‘cool vendor’ by an organization of Gartner’s prestige and expertise.
“Since opening our doors in 2012 we’ve been focused on building a global community and the world’s largest neutral database of ocean freight rates. This allows us to provide unique market intelligence into the ever-changing world of the liner shipping industry. We’ve come a long way and offer a service that is now unparalleled. What sets us apart is our rich customer base comprised of some of the world’s leading large-volume BCOs filling our database with an abundance of long-term contracted rates."
Thanks, Gartner, and congrats to Team Xeneta.
[NOTE: report is only available for Gartner customers.]
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including warranties of merchantability or fitness for a particular purpose.