October 24, 2013 ChannelAdvisor Forms Strategic Partnership with MercadoLibre and Establishes Presence in Latin America with New Office in Brazil
Partnership opens substantial new e-commerce market for ChannelAdvisor customers
Research Triangle Park, NC –October 24, 2013 – ChannelAdvisor (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and manufacturers to increase global sales, today announced its strategic partnership with MercadoLibre (NASDAQ:MELI), the largest e-commerce ecosystem in Latin America, as well as the opening of its office in São Paulo, Brazil.
“Our efforts to continuously enhance our global platform led us to establish a presence in Latin America, which according to Forrester is the fastest growing e-commerce market in the world,” said ChannelAdvisor President and COO David Spitz. “We believe that formalizing a strategic partnership with MercadoLibre will offer our customers access to new sources of demand and the ability to scale their businesses in this region.”
MercadoLibre offers a wide range of services to sellers and buyers throughout the region including marketplace, payments, advertising and e-commerce solutions. In a region with one of the world’s fastest-growing Internet penetration rates, MercadoLibre provides buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community.
“We believe this partnership will increase our marketplace listings and bring new strategic clients, fully integrated with our systems,” said MercadoLibre COO Stelleo Tolda. “Ultimately, our consumers will benefit through an even better buying experience.”
ChannelAdvisor Brazil is located in the heart of São Paulo’s financial and technological hub. This office will act as ChannelAdvisor’s e-commerce hub in Latin America, which will serve global retailers expanding into the region and local retailers interested in international growth.
ChannelAdvisor offers retailers and manufacturers leading cloud-based solutions to efficiently automate and manage the online selling process across multiple channels including third-party marketplaces, paid search and comparison shopping engines. Through a single inventory feed, ChannelAdvisor customers can manage their overall online selling process, from listing to order management, from one platform. By eliminating the tedious tasks of optimizing online listings and analyzing performance, ChannelAdvisor allows sellers to increase sales and successfully scale their e-commerce businesses.
For more information about the ChannelAdvisor and its Marketplaces solution, please visit www.channeladvisor.com.