Month: March 2016
Price f(x) opens new office in Prague
On March 15th, 2016, more than 60 employees, family and friends gathered with great anticipation to officially celebrate a grand opening of Price f(x) Competence Centre in Prague. And a great event it was. Watch our short video and feel the atmosphere of the day. Read further if you are interested in some more details.
Fortifying the base for continuous, sustainable growth
The strong growth of Price f(x) continued also in the past year resulting in doubled revenue as well as more than doubled number of customers and employees. The expansion has not only been fueled by net new customers but also by continuously increasing usage of Price f(x) functional modules by existing customers. That helped to further improve the balance between sustainable subscription and consulting revenue, which strengthens the financial predictability and stability of our operations.
This past, fifth year of existence of our young organization was by far the most successful, profitable but also challenging. To put this expansion on a sustainable and scalable base Price f(x) has made several substantial investments in talent, infrastructure, processes, execution quality and scalability. First steps have been made in North America through establishing the local presence with offices in San Jose and Chicago. In the first months of operations 5 new customers have joined the circle of satisfied Price f(x) subscribers in North America, some of them Fortune 500 companies. That is a tremendous success and reconfirmation of our expansion plans. Another important investment has been made in the area of execution excellence through the creation of centrally managed and globally focused and operating Competence Center in the Czech Republic. Mr. Milan Boruvka has been appointed the General Manager of this new “Center of Gravity” of Price f(x)’s global operations. “Milan’s unique combination of great technical expertise with soft skills and experience with management of high performing teams’ fits perfectly with our goals,” said Marcin Cichon, CEO at Price f(x). “We are happy to have such an experienced leader and close friend joining the team at this important phase of our expansion.” Strong addition of talent, skills, management capabilities and new spacious and inspiring offices has been accompanied by a preparation and successful passing of the ISO 9001 Quality Management System certification.
Price f(x) expedites the transition from a very successful startup into a maturing, scalable and professional organization, that can and will successfully serve its customer on the global basis with innovation, quality and added value. This year will be full of exciting new product introductions, launch of totally redesigned homepage, extensions in ISO certifications, additions of new talent and improvements in customer services and global infrastructure. As a subscriber to our Newsletter you will be kept up to date on all those exciting events.