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.