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January 10, 2007 ChannelAdvisor Achieves Record Growth and is Named Finalist for Prestigious Codie Award

ChannelAdvisor Achieves Record Growth and is Named Finalist for Prestigious Codie Award

ChannelAdvisor Merchantâ„¢ Named CODiE Award Finalist for Best Business Software Solution and Best E-Commerce Solution by Software & Information Industry Association

Research Triangle Park, NC – January 10, 2007 – ChannelAdvisor, the leading provider of channel management solutions (CMS), today announced it transacted over a half a billion dollars in global gross merchandise value (GMV) during the 2006 holiday season for its customers. The company achieved record performance across all geographies and online channels including search, comparison shopping engines and marketplaces.

In addition, ChannelAdvisor Merchant has been selected as a CODiE Award Finalist by the Software & Information Industry Association (SIIA) in the Best Business Software Solution and Best E-Commerce Solution categories. CODiE Award Finalist were chosen by a panel of industry expert judges who evaluated products to determine the solutions that bring the most value and represent the highest impact to business operations.

“The 2007 CODiE Finalists represent real winners, even at this stage of the contest,” said Ken Wasch, SIIA President. “Competition is fiercer than ever and that makes selection as a CODiE Finalist a major achievement. All the companies on this year’s list should feel justifiably proud of their recognition.”

“ChannelAdvisor is honored to have been selected as a finalist for this prestigious award. To be recognized by SIIA as one of the best e-commerce solutions for 2007 validates the hard work our team has done to deliver a product that is truly exceptional,” said Scot Wingo, CEO of ChannelAdvisor. “We’re equally as thrilled by the record performance we achieved with the help of our customers during the busy 2006 holiday season.”

About ChannelAdvisor

ChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world’s commerce. For nearly two decades, ChannelAdvisor has helped brands and retailers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their sales and optimize fulfillment on channels such as Amazon, eBay, Google, Facebook, Walmart, and hundreds more. For more information, visit www.channeladvisor.com.

Media Contact:

Tamara Gibbs
(919) 249-9798