ChannelAdvisor, the leading provider of e-commerce channel management solutions, announced today that 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 annualized GM
- Operating offices in
- Research Triangle Park, North Carolina
- Seattle, Washington
- Atlanta, Georgia
- Bacharach and Berlin, Germany
- London, England
- Melbourne, Australia
(Gross Merchandise Value)
ChannelAdvisor will continue to support and invest in Marketworks’ customers and products.
About ChannelAdvisor Corporation
ChannelAdvisor Corporation provides technology and services that enable leading online retailers to maximize their products across multiple e-commerce marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Google Product Search and search engines such as Google, Yahoo! and MSN. In 2006, ChannelAdvisor managed over $1.6 billion in gross merchandise value (GMV) on behalf of its customers. ChannelAdvisor solutions combine best practices, on-demand software and integration technology to help retailers sell more products, faster, by automating labor-intensive, manual functions so they spend less time optimizing campaigns and more time solving marketing and business issues. ChannelAdvisor’s customers include GSI Commerce, Sears, Brookstone, Abebooks and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Seattle, the United Kingdom and Germany.