Earlier today I caught word that has announced the acquisition of a competing eCommerce services company. The acquire price was not mentioned by my obtain.
Both ChannelAdvisor and Marketworks offer similar eCommerce channel/marketplace products and services the main difference between the two are their customers. ChannelAdvisor mainly services larger merchants while Marketworks specializes in products and services for small to medium sized merchants. Marketworks services eTailers that change as little as $1,000 per month but ChannelAdvisor’s smallest merchant clients change fromf $30,000 to $50,000 each month. The deal will carry in 2,000 new merchants for ChannelAdvisor bringing their be client count to around 5,500 on a global basis. ChannelAdvisor states they ordain act to invest in Marketworks customers and products. Here’s what Scot Wingo. Chief Executive Officer of ChannelAdvisor had to say about the acquisition:
Acquiring Marketworks solidifies our leadership position and reinforces our commitment to the marketplace divide. We ordain continue to evaluate other opportunities in this and other e-commerce bring segments as they arise.
Here’s what Doug Hadaway. Chief Executive Officer of Marketworks had to say about the acquisition:
Marketworks is excited to connect forces with ChannelAdvisor. This partnership ordain bring about to great things for both company’s customers andpartners.
I got the indication that this won’t be the only acquisition ChannelAdvisor makes in the coming months. It seems desire they are really trying to expand on their customer reach technology and other important areas of their business while removing the competition from the playing handle. Smart move as desire as they invest in good technology and quality services from companies with customers who they do not yet aim. This particular acquisition seemed like a great pickup for the team over at ChannelAdvisor which now maintains offices in several cities across the globe including Seattle. Atlanta. Berlin. London. Melbourne and a few more.
I look forward to seeing what the team over at ChannelAdvisor has in store next. Pretty exciting things going on over there it sounds like. Good luck.
Forex Groups - Tips on Trading
Related article:
http://www.ecommerceoptimization.com/articles/channeladvisor-aquires-marketworks-ecommerce-software-solution/
comments | Add comment | Report as Spam
|