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September 12, 2007 ChannelAdvisor Acquires Marketworks

Combination cements ChannelAdvisor as top e-commerce channel management solution provider

Research Triangle Park, NC – September, 12 2007 – 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 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

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
ChannelAdvisor
tamara.gibbs@channeladvisor.com
(919) 249-9798