Renewity Systems Inc.

Renewity Systems Inc. develops specialized returns management software, primarily under its flagship product RenewityRMA, aimed at enhancing operational efficiency in returns processes for manufacturers across various industries. Founded in 2008 in Ottawa, Canada, Renewity Systems Inc. focuses on optimizing returns management for manufacturers.

The company has completed two deals, with the most recent occurring on May 6, 2015. The founder has not been disclosed. Renewity Systems Inc. specializes in returns management software through its flagship product, RenewityRMA.

This software streamlines the returns management process by enabling manufacturers to define workflows without custom coding. The solution offers visibility and control over service operations, including Return Merchandise Authorizations (RMAs), repair processes, warranty claims, and service tickets. Clients range across industries such as electronics, appliances, and medical devices. RenewityRMA is marketed mainly in North America and Europe, targeting manufacturers in need of customizable returns lifecycle management solutions.

Renewity Systems Inc. generates revenue through a subscription-based model, with base pricing starting at USD 299 per month for three user licenses, and additional licenses available at USD 69 each. Enterprise-level pricing is determined through direct consultations for clients with complex processes. Revenue includes service agreements covering software maintenance and support, as well as necessary integrations, underscoring the company's focus on customization for optimizing returns management.

As of May 2015, Renewity Systems Inc. raised financing from Naavon and Wesley Clover, the details of which are undisclosed. The company plans to release new products designed to enhance returns management capabilities, although specific launch dates have not been provided. Renewity aims to expand its market reach into additional regions by leveraging recent investments to support its growth initiatives.