Price fx Adds New Marketing Chief after Accomplishing the Most Successful Year in its History
May 6, 2019
Patrick Moorhead joins as Chief Marketing Officer from big data startup Label Insight to help the company continue its strong growth, following its doubling in size for three consecutive years. The appointment follows a hugely successful 2018 for Pricefx which included the completion of its second financing round with strategic investment from Digital+ Partners and Bain & Company. In 2018, Pricefx was awarded “Cool Vendor of Digital Commerce” by Gartner®, selected as pricing technology provider to Bain & Company’s “Pricing Navigator” offering and certified as an SAP® AppCenter partner.
MUNICH / CHICAGO – February 12, 2019
Pricefx, the global leader in cloud pricing software, has appointed a new Chief Marketing Officer to build on the most successful year in the company’s history. Patrick Moorhead, who has more than 20 years’ experience in marketing and has worked at technology companies like Twitter and Razorfish, joins from big data startup, Label Insight.
The appointment follows the successful completion of Pricefx’s second financing round, at the end of 2018, led by Digital Plus Partners, a leading European B2B growth technology investor, and Bain & Company, one of the world’s leading management consultancies.
By the end of 2018, Pricefx was serving 90 global customers, including industry leaders such as Robert Bosch, MediaMarktSaturn, Schneider Electric, Iron Mountain and Owens-Illinois. Jose Redondo, Global Pricing Excellence Leader at Owens-Illinois said, “We’ve decided to switch from a first-generation price optimization provider to Pricefx in 2018 because of its flexibility, responsiveness and implementation speed”. The company was awarded “Cool Vendor of Digital Commerce” by Gartner, selected as pricing technology provider to Bain & Company’s “Pricing Navigator” offering and certified as an SAP® AppCenter partner.
“We’re excited to welcome Patrick to the Pricefx leadership team. With his diverse background in social and digital media, advertising, brand strategy, and marketing for SaaS solutions, Patrick will help to solidify Pricefx as a globally recognized leader in the pricing SaaS industry, and ensure our growth continues under the banner of a brand that reflects our customers’ voices, our company’s values, and our product innovations.” said Marcin Cichon, Pricefx CEO.
Patrick Moorhead said: “I’m excited to join a company that is growing rapidly, attracting new customers and winning awards. Pricefx was founded on a vision of providing a cloud-powered middle-office management platform that serves the entire life-cycle of customers’ pricing needs and the team’s success in 2018 is testament to how well they are realizing that vision. I’m looking forward to helping them to achieve even more success.”
Tom Fencl, Pricefx’s CFO said: “Patrick will be a key part of our team. We expanded massively in 2018, adding close to 30 new customers and growing our global team to more than 200. Patrick joins us at an exciting time when we currently have over 100 open positions in the company worldwide and plan to expand across all functions. We are looking forward to another exciting year of growth.”
Axel Krieger, Founding Partner at Digital+ Partners and Pricefx supervisory board member, said: “To double in size each year for three consecutive years, in such a highly complex enterprise software segment, as Pricefx has done, is a tremendous achievement. We are very impressed with Pricefx because of its past growth, and because of the huge growth opportunity ahead.”
Matus Maar, Co-founder and Managing Partner at Talis Capital and Pricefx supervisory board member said: “When we invested in 2016 alongside with Credo Ventures, we saw the potential for Pricefx to become a global solution for industry leaders solving a suite of price management challenges. We’re proud to note a record-breaking year for Pricefx and the addition of Patrick Moorhead to their excellent team, as the company continues to attract and retain a super high-quality customer base. The team’s excellent customer service, operational expertise and impressive dedication has been a recipe for success. We’re excited by their plans for future expansion and are optimistic for another year of astronomical growth!”