October 21, 2011 ChannelAdvisor Reports Strongest Q3 in Company History; Helps Online Retailers Ramp Up for Busy Q4
Research Triangle Park, NC – October 21, 2011 –ChannelAdvisor, a global e-commerce platform provider that enables retailers to sell more across online channels, today announced record results for Q3 and attributes the influx of new customer deals to many retailers pushing to partner with ChannelAdvisor in time for the holiday shopping season. The company added 311 new customers in the quarter, including renowned global retailers such as Volvo of Dallas, House of Fraser, FC Organizational Products, Build-A-Bear, carsRus, Light in the Box and SageQuest.
“2011 has been an exceptional year for ChannelAdvisor–our success this past quarter reiterates the continued acceleration of our business and the great momentum our company is experiencing,” said ChannelAdvisor President and COO David Spitz. “This quarter has been full of significant accomplishments that confirm ChannelAdvisor’s position as the world’s premium e-commerce partner for online retailers. I’m incredibly bullish about the future of our business.”
ChannelAdvisor was recognized for several accomplishments during the quarter. Chief Executive Officer, Scot Wingo was elected to the Shop.org Board of Directors in September and was named a finalist for the NCTA 21 Technology Executive of the Year that will be announced on November 10. The company as a whole was recognized by NCTA as a finalist for the Best Product or Service Technology Company and was just named one of the top three large companies to work for in the Triangle region by the Triangle Business Journal. Vice President of Sales, Ryan Walsh was a winner of this year’s Business Leader Movers & Shakers award.
ChannelAdvisor also revealed a new look this past quarter, changing its branding to better reflect the company’s position as the leading e-commerce solution provider globally. The rebranded website and updated logo were launched in conjunction with a new company tagline, “Be Seen.” Together these elements reflect the company’s mission of increasing the visibility that drives sales for online retailers, while reducing the complexity to achieve increased sales.
The company’s 2011 Autumn Release, announced in September, delivered new products that help retailers become better sellers by creating improved visibility for retailers and consumers. Components of the product release–Amazon 360 and the improved Buy.com offering–provide exclusive insight into product performance and seller metrics as well as simplify the listing process on Amazon and Buy.com. Similarly, the new Comparison Shopping Merchandiser systematically transforms data feeds and provides a real-time preview to guarantee that each data feed is displayed properly.
ChannelAdvisor powers more than 3,000 retailers globally, including some of the largest, most successful retail brands such as Dell, Victoria’s Secret, Under Armour, Staples, Crocs, Bed, Bath & Beyond, Jos. A. Bank, Urban Outfitters and more.