In 2008, brothers Ken and Tim Ouimet founded Engage3 with a vision to revolutionize retail pricing through data science and predictive modeling. Growing up in the industry working for their parents' company, Comparative Prices International, the Ouimet brothers had decades of experience collecting retail pricing data. They had previously pioneered retail price optimization as a new software category in the late 1990s through their company Khimetrics, which delivered 1% of sales to profit for major retailers like Albertsons, Safeway, and Lowe's before being acquired by SAP in 2006.
Recognizing a perfect storm forming through price transparency, smartphone adoption, personalization, and hyper-competitive markets disrupted by online models, the brothers formed Engage3 to help retailers and manufacturers understand and manage their Price Image. Today, Engage3 leverages Nobel Prize-winning Efficient Frontier theory and advanced AI to provide the industry's most complete view of competitive pricing. The company serves over 300 customers in 182 countries, including 8 of the world's top 10 global retailers, and supports over $4 trillion in global retail revenue. Recognized by Inc. Magazine for 9 consecutive years as one of America's fastest-growing companies, Engage3 continues to transform how retailers and brands engage with shoppers through intelligent pricing optimization.
