May 30, 2017 ChannelAdvisor Expands Drop-Ship and Fulfillment Capabilities with Acquisition of HubLogix Commerce Corp.
Research Triangle Park, NC – May 30, 2017 – ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today announced that it has acquired HubLogix Commerce Corp., a leading fulfillment and logistics platform that automates order management by connecting online storefronts and marketplaces to distribution and fulfillment centers. Based in Boston, HubLogix can help improve order accuracy and fulfillment speed for its customers, which can lower customers’ fulfillment costs and create competitive advantages for their customers’ businesses.
“Earlier this year we announced the launch of our Fulfillment Network and our dedication to helping our customers streamline their logistics and provide the best customer experience down to the last mile. This acquisition provides us the technology and expertise to further enhance our fulfillment offering and capabilities,” said David Spitz, ChannelAdvisor CEO. “We’ve worked with HubLogix for years and have always been impressed with the team’s knowledge of the space and the value they provide. We’re delighted to welcome the HubLogix team to the ChannelAdvisor family and we look forward to future shared success.”
As part of its platform’s fulfillment automation capabilities, HubLogix has developed a network of more than 150 fulfillment partners to allow sellers to work efficiently with their vendors and third-party logistics partners. With the acquisition of HubLogix, ChannelAdvisor strengthens its product suite with the addition of fulfillment automation, while also adding a talented team of distribution, fulfillment and supply chain domain experts to the organization.
“ChannelAdvisor has a history of industry leadership, so we’re thrilled to join forces and add our knowledge and technology to the ChannelAdvisor product suite,” said Christian Hassold, HubLogix CEO. “Together we can solve the market’s need for an end-to-end solution that optimizes online and offline commerce.”
Financial terms of the transaction were not disclosed. ChannelAdvisor does not anticipate a material impact to 2017 revenue or adjusted EBITDA as a result of the transaction.
To learn more about the ChannelAdvisor Fulfillment Network, register to attend our webinar on June 20 at 10am PT, 1 pm ET.
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