Shovon at 07:51, 20 January 2026

2026-01-20T07:51:23Z

New page

{{Infobox company
| name = Relex Solutions {{verified}}
| logo = File:Relex Solutions.png
| type = Private
| industry = Software
| founded = 2005
| hq_location = Helsinki, Finland
| key_people = Mikko Kärkkäinen (CEO)<br>Michael Falck (Co-founder)<br>Johanna Småros (Co-founder)
| homepage = [https://www.relexsolutions.com/ www.relexsolutions.com]
}}
'''Relex Solutions''', stylised as '''RELEX Solutions''', is a Finnish software company based in Helsinki that specializes in supply chain and retail planning solutions.
== History and overview ==
The company was founded in 2005 by Mikko Kärkkäinen, Johanna Småros, and Michael Falck.<ref>{{Cite web |title=RELEX Solutions CEO and Key Executive Team |url=https://craft.co/relex-solutions/executives}}</ref><ref>{{Cite web |title=RELEX Solutions - Org Chart, Teams, Culture & Jobs |url=https://theorg.com/org/relex-solutions |access-date=2024-03-24 |website=THE ORG |language=en}}</ref> It offers the Relex Living Retail Platform, a cloud-based solution that focuses on demand planning, merchandising, supply chain management, and workforce planning.<ref name=":0">{{Cite web |title=RELEX Solutions and Accenture to Help Lowe’s Enhance Inventory Planning |url=https://newsroom.accenture.com/news/2024/relex-solutions-and-accenture-to-help-lowe-s-enhance-inventory-planning |access-date=2024-03-24 |website=newsroom.accenture.com}}</ref><ref name=":1">{{Cite web |date=2024-01-02 |title=383: Transform Your Supply Chain and Retail Planning, with RELEX Solutions • Let's Talk Supply Chain |url=https://letstalksupplychain.com/383-transform-your-supply-chain-and-retail-planning-with-relex-solutions/ |access-date=2024-03-24 |language=en-US}}</ref><ref name=":4">{{Cite web |title=Relex Solutions Among Apps Top 500 |url=https://www.appsruntheworld.com/cloud-top-500-applications-vendors/relex-solutions/?apps=true}}</ref>

In the early 2010s, RELEX Solutions continued its expansion in the Nordic and broader European markets, building on its initial customer base in Finland and Sweden. During this period, the company focused on increasing its deployment of supply chain and retail planning solutions, attracting its first significant implementations outside its domestic market and establishing a presence in new regional markets. <ref>https://canvasbusinessmodel.com/blogs/brief-history/relex-solutions-brief-history?srsltid=AfmBOoo0gl-bRzn-G0kPNi5FSNI_vLCBhP7SaDMnrXfnzjNdlQLRmOJq</ref>

In 2014, RELEX Solutions was recognised as one of Europe’s fastest-growing supply chain solution providers, appearing on the Deloitte Technology Fast 500™ EMEA list for the fourth consecutive year. By this time, the company had expanded its workforce to around 100 employees and had opened additional offices in locations including Norway, reflecting its broader geographic growth within Europe. <ref>https://www.relexsolutions.com/news/relex-named-europes-fastest-growing-scm-solution-provider-for-the-fourth-year-running/

</ref>

Relex Solutions acquired Galleria in 2016 for category planning,<ref name=":4" /><ref name=":6">{{Cite web |last=Tirico |first=Klaudia |date=2017-09-13 |title=RELEX Solutions Secures Second Funding Round |url=https://www.retailtouchpoints.com/features/financial-news/relex-solutions-secures-second-funding-round |access-date=2024-03-24 |website=Retail TouchPoints |language=en-US}}</ref> Zenopt in 2019 for workforce planning,<ref>{{Cite web |title=RELEX Solutions acquires Zenopt {{!}} 2019-06-27 {{!}} Refrigerated & Frozen Foods |url=https://www.refrigeratedfrozenfood.com/articles/97593-relex-solutions-acquires-zenopt |access-date=2024-03-24 |website=www.refrigeratedfrozenfood.com |language=en}}</ref><ref>{{Cite web |title=RELEX Solutions Fuels Growth with Additional Funding from Summit Partners |url=https://www.summitpartners.com/news/relex-solutions-fuels-growth-with-additional-funding-from-summit-partners |access-date=2024-03-24 |website=www.summitpartners.com |language=en}}</ref> Formulate in 2022 for promotion planning,<ref>{{Cite web |last=Novac |first=Dragos |title=Formulate was acquired by Relex Solutions. |url=https://nordic9.com/news/formulate-was-acquired-by-relex-solutions/ |access-date=2024-03-24 |website=Nordic 9 |language=en}}</ref><ref>{{Cite web |date=2024-03-24 |title=RELEX Solutions announces Formulate acquisition |url=https://retailtechinnovationhub.com/home/2022/5/13/relex-solutions-announces-formulate-acquisition |access-date=2024-03-24 |website=Retail Technology Innovation Hub |language=en-US}}</ref><ref>{{Cite web |last=developer |date=2022-05-13 |title=RELEX Solutions Acquires Formulate to Advance Promotional Planning Solutions as Part of Unified Platform |url=https://multichannelmerchant.com/press-releases/relex-solutions-acquires-formulate-to-advance-promotional-planning-solutions-as-part-of-unified-platform/ |access-date=2024-03-24 |website=Multichannel Merchant |language=en-US}}</ref> and Optimity in 2024 for upstream supply chain planning.<ref>{{Cite web |last=PYMNTS |date=2024-01-03 |title=Relex Acquires Optimity to Bolster Retail and Supply Chain Platform |url=https://www.pymnts.com/acquisitions/2024/relex-acquires-optimity-to-bolster-retail-and-supply-chain-platform/ |access-date=2024-03-24 |website=PYMNTS.com |language=en-US}}</ref><ref>{{Cite web |title=RELEX Solutions acquires supply chain vendor Optimity |url=https://nucleusresearch.com/research/single/relex-solutions-acquires-supply-chain-vendor-optimity/ |access-date=2024-03-24 |website=Nucleus Research |language=en-US}}</ref><ref>{{Cite web |date=2024-01-03 |title=RELEX Solutions, Optimity Acquisition to Unify Upstream Supply Chain Planning and Optimization |url=https://www.foodlogistics.com/software-technology/software-solutions/news/22882833/relex-solutions-relex-solutions-optimity-acquisition-to-unify-upstream-supply-chain-planning-and-optimization |access-date=2024-03-24 |website=Food Logistics |language=en-us}}</ref><ref>{{Cite web |date=2024-01-03 |title=Finland's RELEX Solutions acquires Sweden-based Optimity to bolster its retail and supply chain platform {{!}} Silicon Canals |url=https://siliconcanals.com/news/relex-solutions-acquires-optimity/ |access-date=2024-03-24 |language=en-US}}</ref>

Relex has secured €20 million in 2015,<ref name=":6" /><ref name=":7">{{Cite web |title=RELEX SOLUTIONS FUNDING |url=https://app.dealroom.co/companies/relex_solutions |access-date=2024-03-24 |website=app.dealroom.co}}</ref><ref name=":12">{{Cite web |title=RELEX Solutions Raises €500M to Help Retailers and Brands Avoid Food Waste and Tackle Disruptions in Global Supply Chains |url=https://www.summitpartners.com/news/relex-solutions-raises-eu500m-to-help-retailers-and-brands-avoid-food-waste-and-tackle-disruptions-in-global-supply-chains |access-date=2024-03-24 |website=www.summitpartners.com |language=en}}</ref> $10 million from Summit Partners in 2017,<ref>{{Cite web |title=Summit Partners {{!}} Companies {{!}} RELEX Solutions |url=https://www.summitpartners.com/companies/relex-solutions |access-date=2024-03-24 |website=www.summitpartners.com |language=en}}</ref> $200 million from TCV in 2019,<ref name=":7" /><ref name=":3">{{Cite web |title=Relex {{!}} TCV |url=https://www.tcv.com/partnerships/relex |access-date=2024-03-24 |website=www.tcv.com |language=en}}</ref><ref name=":14">{{Cite web |title=RELEX Solutions: Revenue, Competitors, Alternatives |url=https://growjo.com/company/RELEX_Solutions |access-date=2024-03-24 |website=growjo.com}}</ref> and €500 million from Blackstone Group in 2022.<ref name=":9">{{Cite web |date=2022-02-17 |title=Relex Solutions raises €500 million in Blackstone led round, now at €5 billion valuation |url=https://tech.eu/2022/02/17/relex-solutions-raises-500-million-in-blackstone-led-round-now-at-5-billion-valuation/ |access-date=2024-03-24 |website=Tech.eu |language=en-GB}}</ref><ref>{{Cite web |last=Marston |first=Jennifer |date=2022-02-19 |title=Brief: Relex raises $568m to help grocery retailers fight food waste |url=https://agfundernews.com/relex-solutions-raises-568m-to-help-grocery-retailers-fight-food-waste-and-supply-chain-disruptions |access-date=2024-03-24 |website=AgFunderNews |language=en-US}}</ref><ref name=":10">{{Cite web |title=RELEX Solutions valuation is $5.68B after Blackstone financing. RELEX Solutions competitors in the retail supply chain market include Crisp, Antuit.ai, NewStore, Afresh, and Logility. |url=https://www.cbinsights.com/research/relex-solutions-competitors-crisp-antuit-ai-newstore-afresh-logility/}}</ref><ref name=":12" />

In 2022, RELEX Solutions established the "RELEX Foundation for a Better Future" to combat climate change and address inequality, pledging €10 million in cash and €100 million in company stocks.

In 2023, RELEX Solutions continued to develop artificial intelligence–based functionalities designed to support and automate supply chain planning processes. The company expanded integrations with technology partners and increased adoption of its platform among retailers, distributors, and consumer goods companies, further extending its international customer base.<ref>https://www.relexsolutions.com/news/relex-and-fourkites-establish-strategic-partnership-for-advanced-supply-chain-visibility/</ref>

In 2025, RELEX Solutions continued to focus on the development and deployment of advanced AI-driven planning tools. The company reported continued growth in recurring revenue and broader adoption of its solutions, while further exploring the use of autonomous and agent-based AI systems to support complex planning and decision-making processes.<ref>https://www.businesswire.com/news/home/20251120951865/en/RELEX-Solutions-Launches-AI-Assisted-Diagnostics-to-Identify-Root-Causes-and-Prevent-Lost-Sales

</ref>

== Awards ==
Relex Solutions received the Technology Project of the Year and the Supply Chain and Logistics Award at the Retail Systems Awards in 2019.<ref>{{Cite web |title=Retail Systems Awards |url=http://www.retail-systems.com/awards/ |access-date=2024-03-24 |website=www.retail-systems.com}}</ref>

== References ==
[[Category:Companies established in 2005]]
[[Category:Companies based in Helsinki]]
[[Category:Software companies of Finland]]

Relex Solutions - Revision history

Shovon at 07:51, 20 January 2026