Press Releases: 2007
ChannelAdvisor Acquires Marketworks
Combination cements ChannelAdvisor as top e-commerce channel management solution provider
Richmond, UK – September 12, 2007 – ChannelAdvisor, the leading provider of e-commerce channel management solutions, announced today it has acquired Marketworks, a leader in marketplace management software and services.
“Acquiring Marketworks solidifies our leadership position and reinforces our commitment to the marketplace segment,” says Scot Wingo, Chief Executive Officer of ChannelAdvisor. “We will continue to evaluate other opportunities in this and other e-commerce channel segments as they arise.”
“Marketworks is excited to join forces with ChannelAdvisor,” says Doug Hadaway, Chief Executive Officer of Marketworks. “This partnership will lead to great things for both company’s customers and partners.”
Following this acquisition ChannelAdvisor will have:
- 5,500 customers on a global basis
- $2,500,000,000 in annualised GMV (Gross Merchandise Value)
- Operating offices in
- Research Triangle Park, North Carolina
- Seattle, Washington
- Atlanta, Georgia
- Bacharach and Berlin, Germany
- London, England
- Melbourne, Australia
ChannelAdvisor will continue to support and invest in Marketworks’ customers and products.
About ChannelAdvisor Corporation
ChannelAdvisor provides technology and services that enable leading online retailers to maximise their profits across multiple e-commerce channels including marketplaces such as eBay and Amazon, comparison shopping engines such as Shopping.com, Kelkoo, Pricerunner and Google Product Search and paid search on Google, Yahoo! and MSN. ChannelAdvisor manages more than $2.5 billion in annualised GMV (gross merchandise value) on behalf of its 5,500 clients worldwide. ChannelAdvisor solutions combine best practices, on-demand software and integration technology to help retailers sell more products, faster, by automating labour-intensive, manual functions so they spend less time optimising campaigns and more time solving marketing and business issues. ChannelAdvisor's customers include Vodafone, 3M, Sears and eBags. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Atlanta, Seattle, the United Kingdom, Germany and Australia. For more information, visit http://www.channeladvisor.co.uk.
John Hayes
ChannelAdvisor UK Ltd
john.hayes@channeladvisor.com