Software News tagged "Acquisitions"
HubLogix is a fulfillment and logistics platform that automates order management by connecting online storefronts and marketplaces to distribution and fulfillment centers.
"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."
HubLogix was profiled on Web Retailer in 2014, when it was known as eCommHub.
ShippingEasy provides web-based multi-carrier shipping software to help online retailers organize, process, fulfill and ship their orders quickly and easily. ShippingEasy integrates with over 40 leading marketplaces, shopping carts, and ecommerce platforms, including eBay, PayPal, Amazon, Shopify, Bigcommerce, Magento, and Volusion.
"The acquisition of ShippingEasy represents a significant strategic investment in our e-commerce shipping business," said Ken McBride, Stamps.com chairman and CEO. "E-commerce driven package shipping is our fastest growing segment and this acquisition will allow us to continue to accelerate our growth in this area. ShippingEasy adds an outstanding solution to our portfolio of products which will allow us to serve the needs of more customers, and will allow us to continue to solidify our leadership in e-commerce shipping."
"We're very excited to become a part of Stamps.com," said Katie May, ShippingEasy CEO. "The acquisition builds on the strong partnership we have developed and we look forward to continuing to build the ShippingEasy business with the support of the Stamps.com team."
Stamps.com has agreed to purchase ShippingEasy for $55 million in cash and plans for ShippingEasy to operate as a wholly-owned subsidiary led by its existing management team.
eBay Enterprise has been merged with Innotrac by its owners Sterling Capital, and rebranded as Radial Fulfillment.
"Retailers are seeing a tremendous strain on their businesses because execution of omnichannel is insanely hard," said Stefan Weitz, Chief Product and Strategy Officer at Radial. "Radial is all about building the tools retailers need to compete – and win – in the increasingly complex and competitive ecommerce space. Only Radial has industry-leading tech and expansive operational expertise that offers retailers the most efficient – and profitable – path to get products in consumers' hands."
The new company will be the largest omnichannel commerce technology and operations provider, says the company. Headquartered in King of Prussia, Pennsylvania, Radial operates more than two dozen distribution centers and six call centers in the United States, Canada and Europe, and employs more than 7,000 people globally.
eBay Enterprise was broken up and sold off late last year, following the split between eBay and PayPal.
Source: Business Wire
ParcelBright CTO Carlos Vilhena and CEO Daniel Lipinski, with Veeqo CEO Matt Warren
ParcelBright have proprietary technology to manage the API's of multiple shipping companies in one app, meaning quicker and cheaper shipping for Veeqo's ecommerce customers. ParcelBright's software will be merged into Veeqo.
Veeqo CEO Matt Warren said, "I am really excited that we have been able to complete this deal, Daniel and Carlos have built a fantastic company with ParcelBright. When merged with Veeqo this will enable our customers to not only save time, but also save money when shipping their orders. Together it will be the largest parcel delivery platform in the UK based on its user base and service offering".
ParcelBright co-founders Daniel Lipinski and Carlos Vilhena will act as commercial and technical advisors for Veeqo.
Veeqo have also updated their iOS app, so users can see orders from all their channels, and pick orders using the phone camera as a barcode scanner.
Ecommerce automation platform HubLogix has acquired competing company OrderPigeon.
The business will operate under the HubLogix name and will integrate OrderPigeon's proprietary SaaS order management platform into its architecture.
With the acquisition, OrderPigeon co-founder Christian Hassold has joined HubLogix as CEO. HubLogix founder Kurt Heinrich will now lead the product team. OrderPigeon co-founder and CTO, Cagdas Ucar, will now lead the software engineering department for the combined company.
Christian Hassold said, "We are the only ecommerce order automation solution with a global network of distribution and fulfillment partners that are able to support the increasingly complex needs of online retailers. We are excited to grow the business with the combined team."
The deal was backed by two long-time investors: Atlanta-based Mosley Ventures and Boston-based Sigma Prime Ventures. They worked with OrderPigeon founder and CEO, Christian Hassold and HubLogix founder, Kurt Heinrich, to orchestrate the acquisition.
UK shipping technology company NetDespatch has been acquired by recently-privatised national postal service Royal Mail.
NetDespatch will operate as a standalone subsidiary of Royal Mail, and will remain under the leadership and management of NetDespatch directors Matthew Robertson and Matthew Clark.
Matthew Robertson, Commercial Director, NetDespatch commented: "We are incredibly proud of our achievements to date and believe that this acquisition will help us to continue to grow and to better service all of our clients. Our aim is to make what is a relatively complex process simple, delivering improvements and savings to everyone in the supply chain from retailer to carrier to consumer. E-commerce is exploding in the run up to Christmas and we expect to continue to steam ahead in 2016 and beyond."
Nick Landon, Managing Director of Royal Mail Parcels comments: "The acquisition of NetDespatch supports our strategy of providing our customers with leading edge ecommerce software. It allows customers with complex IT estates to integrate with us quickly and with the minimum of effort allowing them to improve the service they offer to shoppers. We are confident that this acquisition will support the continued growth of our parcels business with new and innovative software solutions as the needs of our customers evolve."
NetDespatch enables order delivery data to be automatically transferred from a retailer's system to their chosen carrier, automatically printing shipping labels, manifests and custom documentation, as well as generating any required data files. Tracking is available from point of despatch to point of delivery.
WebInterpret have acquired Ekos Global to help them transition from a provider of localisation software for Amazon and eBay sellers, to a full-featured cross-border sales solution.
Ekos was launched in 2012 by British and Swedish entrepreneurs Fitch Richardson and Andre Borgstrom. The platform enables online retailers to rapidly expand into foreign markets through generating localised versions of their online store. Ekos connects with over 30 popular ecommerce platforms and allows retailers to run their international stores in parallel and in sync with their domestic store. The founders will join WebInterpret's team.
Webinterpet also announced the launch of their newest product "Global Stores". Like Ekos's own product, Global Stores enables retailers to rapidly generate and deploy localised versions of their store in international markets.
WebInterpret CEO, Patrick Smarzynski said "We are hugely excited with both the launch of our new product and the acquisition of Ekos Global. Ekos's expertise in taking domestic stores global combined with WebInterpret's technology and experience in localising retailers' businesses at scale is the perfect match. We've had a lot of demand from retailers wanting to use the same easy and affordable solution to not only localise their marketplace business but also their own online stores. We look forward to helping even more retailers grow their business globally thanks to this comprehensive solution".
OpenSky CEO John Caplan told EcommerceBytes the company was "doubling down" its investment in Vendio, Auctiva, and Singlefeed.
Former Auctiva CEO Jeff Schlicht and former Vendio CEO Mike Effle still work at OpenSky, although Caplan would not be drawn on the nature of their current responsibilities.
"A decision by Alibaba Group Holding Ltd. to sell its U.S. online shopping site to a U.S. rival highlights the challenges facing the Chinese electronic-commerce company in mature Western markets dominated by competitors such as Amazon.com Inc. and eBay Inc.", reports The Wall Street Journal.
Alibaba started 11 Main only a year ago, but will sell the marketplace in return for a 37.6% stake in OpenSky. Alibaba now plans to concentrate on helping overseas merchants and brands sell their goods to Chinese consumers. Alibaba holds roughly 80% of the online shopping market.
"The key issue is whether we are going to have something in the U.S. market that will really target U.S. consumers. We think in the long run that's an interesting market to us. But today, our focus is very much on cross-border activities" that connect U.S. sellers with Chinese consumers, Alibaba Executive Vice Chairman Joseph Tsai said in a November interview with the WSJ.
Source: The Wall Street Journal
Dealertrack, the company behind online vehicle sales solution Dealer.com, has been acquired by Cox Automative, a division of media conglomerate Cox Enterprises.
Cox Automotive will acquire Dealertrack in an all-cash transaction valued at $4 billion, or $63.25 per share.
"This is a great investment in our customers and in the auto industry," said Sandy Schwartz, President of Cox Automotive. "We have long admired theDealertrack team and its highly respected brands. Integrating our platforms will be a big step forward in our shared vision of providing open, cost-effective and efficient solutions for dealers, lenders, manufacturers and consumers. We look forward to working with Mark O'Neil and his team as Mark continues to lead the acquired businesses and as we continue to innovate for our customers."
Mark O'Neil, Chairman and Chief Executive Officer of Dealertrack, said, "I am confident that with Cox Automotive, we will fully unlock the potential of our combined brands and teams in the service of our clients. Dealertrack team members have been a critical element in the tremendous success our company has achieved, and I want to thank all of our team members as we move forward into this exciting new chapter of growth. I am extremely enthusiastic about our future with Cox Automotive."
Cox Automotive is a leading provider of vehicle remarketing services and digital marketing and software solutions for consumers, dealers, manufacturers and the overall automotive industry. Cox Automotive includes Manheim, Autotrader, Kelley Blue Book, vAuto, Xtime, NextGear Capital, and a host of global businesses and brands. Headquartered in Atlanta, Cox Automotive employs nearly 24,000 employees in over 150 locations worldwide.
Ecommerce marketing tool Mercent Retail is to be incorporated into CommerceHub ProductStream, following Mercent's acquisition by CommerceHub.
Mercent's website now redirects to CommerceHub, and the Mercent Retail product is no longer available. The Mercent platform will be incorporated into CommerceHub's product data management and syndication tool ProductStream.
Mercent Retail users will see the same user interface, updated with CommerceHub ProductStream branding.
Mercent's Seattle office has become CommerceHub West, and the company is seeking to fill more than fifty open positions across their two offices.
Both companies provide customer support tools for marketplace sellers: XSellco Fusion and ReplyManager. The acquisition will allow them to share best practices, further develop their tools, improve customer support and expand globally.
"We're very excited to become a part of the XSellco team," said Jodi Gaines Pereira, founder and CEO of ReplyManager. "Joining with XSellco was the next logical step to foster continued growth. It allows us to further extend our market reach into Europe and Asia. Most importantly, we'll be able to provide our customers with cutting edge, integrated tools that will make selling online more profitable and more efficient than ever before."
Ray Nolan, founder of XSellco said "ReplyManager has significant market penetration in the US and overseas markets and we believe it can help XSellco further accelerate the pace of growth of our rapidly expanding customer base. In Jodi and her team, we have found truly motivated and knowledgeable partners on whose years of market expertise we can draw to help us improve our products and design new ones."
XSellco, based in Dublin, Ireland, acquired Florida-based ReplyManager for an undisclosed sum. Both companies are privately held. ReplyManager founder Jodi Gaines Pereira will remain as CEO and along with her team continue to support ReplyManager customers and continue developing the product.
Alongside their customer support tool, XSellco also provide an automated repricing tool called Price Manager. XSellco is owned by Irish entrepreneur Ray Nolan who previously built the Hostelworld.com brand, and chaired Skyscanner.com and Storyful.com amongst others.
ReplyManager was created in 2001 and is the world's leading customer support tool for businesses selling through online marketplaces such as eBay and Amazon.
Spokesperson Abbygail Reyes told EcommerceBytes, "We have made changes that align the organization with the needs of our business and our long-term growth strategy."
Lab Escape's software creates "heat map" data visualisations and is used by companies including Wal-Mart, Costco, Dell, and US Army. Lab Escape founder Trevor Lohrbeer will join Teikametrics as Chief Data Scientist.
The company plans to incorporate Lab Escape's data visualization technology into its tools for Amazon sellers.
UK ecommerce loans specialist ezbob has acquired the small business financing arm of controversial UK payday loans company Wonga.
ezbob claims the combined company is the biggest online business lender in the UK, providing a total of 5,000 business with loans in excess of £54m.
Tomer Guriel, CEO of ezbob's parent company Orange Money, said, "This is an exciting acquisition for us, as it brings together two strong brands in Ezbob and Everline, both of which have disrupted traditional business lending. Our market leading technology platform complements Everline's well-positioned brand – the combination of the two will accelerate our growth, which has already been more than doubling year on year for each brand since launch."
In the past two years Wonga has faced an investigation by the UK's Competition and Markets Authority over its loan approval and collection practices. Wonga recently wrote down £220m in unpaid loans and laid off 325 staff.
The UK's Royal Mail has acquired marketplace management software company StoreFeeder.
StoreFeeder built Royal Mail's consumer and small business shipping tool, Click and Drop, launched in October 2014. Click and Drop allows users to ship with Royal Mail within a few clicks, providing an integration with eBay so sellers can buy postage labels without manually inputting addresses.
The purchase of StoreFeeder will help Royal Mail develop online tools and APIs to help customers ship parcels easily. StoreFeeder will also continue to operate in the same way for its existing clients.
Nick Landon, Managing Director of Royal Mail Parcels, said: "Having successfully developed and launched our new shipping tool which has worked very effectively through the busy Christmas period, the acquisition of StoreFeeder was a clear strategic choice. I'm delighted that we will now be able to accelerate the development and release of even more tools to make shipping parcels with Royal Mail easier and more convenient."
StoreFeeder Director Karl Ciz said, "The StoreFeeder team are delighted with the acquisition and are keen to assure all current customers that it's business as usual."
Source: Royal Mail
Yahoo's Small Business division, which includes hosted storefront Yahoo Stores, is to be transferred into a new company along with Yahoo's 384 million Alibaba shares.
Yahoo Small Business has been revealed as the "Active Trade Business" mentioned in Yahoo's 2014 earnings announcement, meaning it will move into a new public company along with Yahoo's long-standing holding of Alibaba shares.
Writing on their blog, Head of Yahoo Small Business, Amer Akhtar, said "All of the Yahoo Small Business tools and services that you have come to rely on will remain at your disposal. In fact, we're mapping out additional investments now for our platform and services to ensure the highest level of support for our customers and our partners."
The move is expected to complete in Q4 2015
DutyCalculator will continue to provide its product classification and tariff calculation service covering nearly 100 countries, while integrating its technology into the Borderfree platform.
"This is a major strategic win for Borderfree on multiple fronts," said Michael DeSimone, CEO of Borderfree. "DutyCalculator accelerates our strategy to expand our presence in the European global ecommerce space, enhance our platform and data services capabilities and help our customers grow their global businesses."
DutyCalculator is located in Brighton, England, and its customers are primarily outside the U.S. It will continue under the leadership of founder and CEO Andre Schmidt, who will take on a wider role leading Borderfree's efforts in data services and marketplace strategies.
"Borderfree and DutyCalculator share the same vision for the growth of global ecommerce, and we're excited to integrate our technology and product capabilities with Borderfree's market-leading platform to deliver a broad range of ecommerce solutions to international customers," says Mr. Schmidt.
Borderfree provides technology and services to help brand names sell globally, including website localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and global logistics services.
Delivery giant FedEx has acquired GENCO, whose services include the popular GENCO Marketplace for buying liquidated inventory.
FedEx CEO Frederick W. Smith said, "The acquisition of GENCO will transform our global portfolio through the addition of new best in class supply chain management services. As ecommerce continues to grow, customers of both companies will reap the benefits from the broadened capabilities and powerful new services."
GENCO is one of the largest logistics firms in North America and processes more than 600 million returned items annually. It operates 130 warehouses, has $1.6 billion in annual revenue and over 11,000 employees.
The acquisition is subject to regulatory approval.
"We evaluated all the providers in this space and consulted a number of large retailers regarding their current solutions. Mercent stood out as the only combination of enterprise-scale platform and services that are ready for the caliber of retailers we support," said CommerceHub CEO, Frank Poore.
"By combining CommerceHub and Mercent, we will have an offering that enables retailers to radically expand their product assortment, generate greater demand, and optimize customer delivery from any source of supply, including stores, warehouses, drop-shippers, or third-party sellers."
The combined company will enable retailers to:
- Expand product assortments through drop-ship suppliers and marketplace sellers.
- Promote products via marketing channels like Google Shopping and Pinterest.
- Deliver an omni-channel experience that connects stores, warehouses, drop shippers, and third-party sellers.
- Launch marketplaces featuring third-party sellers with full control of the process.
CommerceHub's inventory platform integrates high-street retailers with a network of over 8,500 drop-ship suppliers, and had over $8 billion in gross merchandise value in the last 12 months.
Ecommerce software vendor ChannelAdvisor has acquired UK company E-Tale, and its "Where to Buy" solution for brand owners.
E-Tale, founded in 2009, provides a "Where to Buy" plugin to brand name manufacturers, allowing them to show visitors a list of authorized resellers along with product availability data. Customers can then purchase products from a reseller of their choice.
"When you consider branded manufacturers, their contact with end consumers has historically been through resellers," said Scot Wingo, ChannelAdvisor CEO. "E-commerce has ushered in a new generation of shoppers and, with them, new shopping habits that send consumers directly to brands in search of their favorite products. We're thrilled to welcome the E-Tale team and solution to the ChannelAdvisor family. This acquisition can help brands maximize sales opportunities for their products no matter where they are in the online journey."
ChannelAdvisor has included E-Tale's Where to Buy tool in a new "ChannelAdvisor for Brands" initiative which also includes their Marketplaces and Digital Marketing software products.
Inventory and order management application Lettuce is no longer accepting new customers, while its development team works on adding equivalent features to QuickBooks Online.
It will no longer be possible to create a new Lettuce account, but existing Lettuce customers will remain live with full access to the system.
Writing on their blog, Lettuce CEO Raad Mobrem said, "Integrating this functionality into the core of QuickBooks Online will give product-based business an important advantage. That's because, in addition to order and inventory data, they'll be able to automatically sync their bank and credit card feeds, as well as payments and payroll data in the core QuickBooks accounting application. So, instead of spending time on repetitive data entry, small businesses will have more time to spend doing the things that made them passionate about being their own boss in the first place."
Lettuce was acquired by QuickBooks owner Intuit earlier this year.
Order management tool Lettuce has been acquired by Intuit, the maker of popular accounting software Quickbooks.
Lettuce CEO Raad Mobrem said "While this is a big step for Lettuce, it doesn’t mean that much will change. Since the beginning, we've worked hard to improve the way you manage your orders and inventory so you can eliminate time-consuming, tedious tasks and spend more time doing the things you love. We plan on continuing down this path and once the transaction is closed, with Intuit's support, we plan to accelerate this tremendously. Intuit has the same philosophy, and is passionate about creating solutions that simplify the business of life for small businesses around the world."
PandoDaily reported that Intuit pad $30 million in cash for the company and that Lettuce will be integrated into Intuit’s own Quickbooks online.
Stamps.com purchased ShipStation for $50 million in cash plus up to 768,900 shares of Stamps.com stock, linked to performance. Stamps.com plans for ShipStation to operate as an independent, wholly-owned subsidiary, led by the existing management team.
"The acquisition of ShipStation represents a significant strategic investment in our high volume and e-commerce shipping business," said Ken McBride, Stamps.com chairman and CEO. "E-commerce driven package shipping is the fastest growing segment within the mailing and shipping space and this acquisition will allow us to accelerate our growth in this area."
"We're very excited to become a part of Stamps.com," said Nathan Jones, ShipStation President and CEO. "The acquisition builds on the strong partnership we have developed and we look forward to continuing to build the ShipStation business with the support of the Stamps.com team."
ShipStation supports automatic order importing from over 40 shopping carts and marketplaces, including eBay, Amazon, Shopify, Bigcommerce, Volusion, and Squarespace. Stamps.com provides USPS postage online to over 500,000 customers.
"Our goal at Monsoon Commerce is to provide our community of eCommerce retailers with the most sophisticated, effective solutions possible to improve their operational efficiency and grow their revenue, regardless of where they sell," said Jim Cruckshank, chief executive officer of Monsoon Commerce. "Acquiring CompassIM supports this objective by offering our multi-channel customers easy access to an affordable, proven, mature solution to easily manage inventory across all channels and warehouses. It's the perfect addition to our suite of award-winning products. As part of our strategic business plan, we will continue to assess opportunities in eCommerce that expand our product offerings and functionality."
Shipwire CEO Damon Schechter said, "I started Shipwire in 2006 with a vision to change logistics. Today, we take a quantum leap forward. It’s my privilege to announce that Shipwire has entered into a definitive agreement to be acquired by Ingram Micro. The platform for thousands of rapidly growing multi-channel brands is joining forces with one of the true powerhouses of global distribution."
Shipwire ships products worldwide from fulfillment centers in four countries. Ingram Micro is the world's largest wholesale technology distributor.
eBay has acquired price-forecasting startup company Decide.com.
The company's technology will be used to build pricing tools for eBay sellers, to help price items competitively and decide on the best selling format and options. Existing tools serving the same needs include dynamic repricing and marketplace analysis services.
Decide.com, which will be closed at the end of September, advises consumers on whether they should buy a product now or if the price is likely to drop.
Two years after its acquisition, eBay is rebranding its big-business ecommerce software supplier GSI Commerce as "eBay Enterprise".
GSI Commerce was acquired by eBay in March 2011, to improve eBay's ability to partner with large retailers and brands.
Chris Saridakis, President of the new eBay Enterprise, said "For many leading retailers and brands today, eBay Enterprise is helping to deliver the future of commerce. We are a partner to more than 1,000 retailers and brands, providing leading commerce technologies, marketing solutions and omnichannel operations capabilities that enabled $4 billion of ecommerce transactions in 2012. We have a proven track record of helping our clients grow their online businesses faster than the industry, with same-store-sales consistently outperforming ecommerce growth rates."
Small business accounting software company Outright has been acquired by huge domain name and hosting provider Go Daddy.
Go Daddy CEO Warren Adelman said "This is a great fit for our customer base. Outright.com has built easy-to-use software that streamlines the work involved with running a start-up or small business … the taxes, income, profits, expenses and other financial data that can be an administrative distraction for business owners. As an entrepreneur, if you're not worried about managing finances for hours every month, you can devote more time to building your business. We see this as an ideal extension for our suite of small business products, which are all geared toward helping businesses grow bigger."
ProStores sellers were sent an email invitation to a webcast about the hosted Magento Go service - a direct competitor to ProStores - which read "one solution may not meet all merchants' need so with the help of X.commerce, an eBay, Inc. company, we're expanding our storefront solutions by investing in the fasting growing online eCommerce platform in the world called Magento."
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ProStores version 10.3.3 has been released, and includes changes to Google Feed Files, inclusion of Canadian provinces, enhanced product list display, and easier UPS shipping label voiding.
The company said that "Monsoon's robust marketplace functionality with the breadth of Stone Edge's shopping cart integrations and order, inventory and business management tools is proving to be a true end-to-end solution powering even greater results and streamlined operations for our customers."
The company also announced that Stone Edge User’s Conference will now be a part of the Monsoon Commerce Client Conference, known as MonCon. The conference will be held in two locations: MonCon EAST May 18-20 in Philadelphia, PA and MonCon WEST Oct 10-12 in Portland, OR.
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Monsoon has decided to pull back version 6 of Stone Edge Order Manager released in September.
An email from the company said "Simply put, we believe we need to do a better job of ensuring the stability, performance, and usability of the release. Our technical support team is diligently working with customers on a one-on-one basis to guide them through the decision, such as rolling back to Order Manager 5."
"With the purchase of Sellebrity, we are expanding our platform consisting of smart, analytical tools", states Greg Sisung, Founder of inkFrog.com. "The Sellebrity application is the most robust traffic program available, and now it’s part of the inkFrog family and will help sellers become more successful."
inkFrog plans on embedding Sellebrity directly into the inkFrog platform, but until then it remains available from its own website and the eBay Selling Manager apps directory.
Auction management and eCommerce company Vendio has acquired SingleFeed, a comparison shopping engine (CSE) feed management and analytics company.
SingleFeed enables online merchants to submit, manage, and optimize product listings on more than 18 CSEs from a single set of product details.
Vendio will integrate SingleFeed services into its ecommerce platform and will offer discounted pricing. Auctiva, acquired by Vendio parent company Alibaba.com in 2010, will also offer the same custom integration to its hosted storefront users.
Following the revelation in February that eBay owned 49% of open-source ecommerce platform Magento, eBay has completed the acquisition by buying the remaining 51% of shares.
In a YouTube message to eCommerce developers, eBay CEO John Donahoe said "Magento builds on our existing technology assets and is complementary to the platform capabilities of GSI Commerce...combined we believe that these acquisitions will position us to become the strategic commerce partner of choice for retailers of all sizes."
Stone Edge will continue to operate from Philadelphia as a separate entity, led by founder Barney Stone. Working with Monsoon Commerce they aim to offer improvements in their support for Amazon, eBay, and other marketplaces.
Monsoon was itself acquired by book marketplace Alibris in March 2010.
eBay has announced its acquisition of ecommerce services company GSI Commerce, the company's second-largest acquisition after its $2.6 billion purchase of Skype in 2005.
"We intend to lead the next generation of commerce innovation. The acquisition of GSI, which offers the most comprehensive integrated suite of online commerce and interactive marketing services available, will significantly strengthen our ability to connect buyers and sellers worldwide," said John Donahoe, eBay Inc. President and CEO. "Combined with eBay Marketplaces and PayPal, we believe GSI will enhance our position as the leading strategic global commerce partner of choice for retailers and brands of all sizes."
GSI Commerce specializes in creating, developing and running online shopping sites for high street brands and retailers. The company also provides a variety of marketing, consumer engagement, customer care, payment processing, fulfillment, fraud detection, and technology integration services. GSI Commerce has over 500 clients including Timberland, RadioShack and Toys "R" Us, and operates 26 offices worldwide.
eBay has revealed that it made a substantial investment in ecommerce software provider Magento one year ago.
Magento is an open-source solution and the world's fastest-growing ecommerce platform. It is used by 90,000 merchants, has 3,500 third-party extensions, and has had 2.5 million downloads. Enterprise customers include Nokia, The North Face, Olympus, Adidas, Ford and Samsung.
eBay already owns hosted webstore company ProStores, acquired in 2004, and a direct competitor to Magento's new "Magento Go" hosted service.
eBay has acquired Critical Path Software, a mobile application developer that worked on eBay for iPhone, and iPhone applications for eBay web sites StubHub, eBay Classifieds and Shopping.com.
"We're very serious about innovating in mobile commerce, and this acquisition underscores our commitment to bringing the very best and brightest in the field to eBay," said Mark Carges, chief technology officer and senior vice president, global products, eBay Marketplaces. "Integrating the Critical Path Software team into eBay will be a big win for mobile shoppers around the world; combined with the talent on our team today, we can make shopping and selling anywhere, anytime, for almost anything, even better."
ecommerce software provider Infopia has been acquired by enterprise software company Versata Inc.
Infopia will operate as a stand-alone entity, with Versata executive Scott Buoy replacing Coleman Barney as CEO. "I am dedicated to ensuring that the ownership and management transition is a positive one for the Infopia customers," said Buoy.
The acquisition will give Auctiva customers access to AliExpress, Alibaba's wholesale sourcing platform for small businesses, from within their Auctiva accounts.
Jeff Schlicht, who will continue as Auctiva CEO, said "With more than 10,000 new users joining Auctiva each month, we are constantly looking for new ways to serve our customers and drive value for them. Joining Alibaba.com and connecting our buyers to the vast supplier base on Alibaba.com and AliExpress.com is the perfect way to help them grow and thrive in an increasingly competitive environment."
The acquisition is part of a $100 million investment plan for AliExpress that Alibaba.com announced in April 2010. Auctiva will operate as a new business unit within Alibaba.com and will retain its own brand name and operations.
The acquisition will enable the direct integration of Alibaba's AliExpress wholesale platform with Vendio's multi-channel sales management solution, allowing Vendio sellers to buy directly from Alibaba's product manufacturers. Exclusive guarantees, promotions and special deals will also be available to Vendio users. The acquisition is part of Alibaba's US$100 million investment plan announced in April 2010.
"At Alibaba.com, our goal is to make it easier for our customers around the world to do business by providing solutions that increase margins, productivity and competitiveness through e-commerce," said David Wei, chief executive officer of Alibaba.com. "Vendio is our first acquisition in the U.S. and a strong strategic fit... I am confident that our complementary businesses will create enhanced opportunities for our customers."
Vendio became the largest third-party eBay software company in 2006 with their acquisition of Andale.
The creator of eBay software SpoonFeeder is considering a lawsuit against the purchaser of the source code over rights to the SpoonFeeder name, reports AuctionBytes.
Software creator Gene Chandler sold the program's source code to Zone One Software and Xasio Group, but retained personal ownership of the trademark and name.
Xasio Group recently issued a press release with the headline "Spoonfeeder software will be back", prompting the current situation. The press release has since been taken down.
Programming code behind the SpoonFeeder listing software has been acquired by Zone One Software and Xasio Group, and a relaunch is planned.
The popular software disappeared abruptly last month after the bankruptcy of parent company Great Lakes Software.
The software is currently being updated for Windows 7 and the new owners are asking previous users of the software to contact them with ideas for future enhancements.
Xasio Group currently operate an online marketplace at www.xasio.com.
"We are excited to be working even more closely with Monsoon," said Brian Elliott, president and CEO of Alibris Holdings. "Alibris has been focused on driving sales for our network of more than 15,000 independent sellers through Alibris-branded marketplaces and by providing marketplace functionality to leading book, music, and movie retailers. Monsoon provides best-in-class tools and services for sellers listing across multiple marketplaces. We believe that this merger will provide our sellers with unparalleled marketplace exposure, and further opportunities for growth."
Monsoon sellers can currently submit their products to marketplaces including Abebooks, Alibris, Amazon, Buy.com and Half.
eBay design company Frooition have announced a management buy-out funded by CEO Phillip Molloy and Director Grenville Whelan, following the company's liquidation.
Frooition Limited went into administration on 7 January 2010 according to Companies House, the UK government agency which maintains records of all British companies. The insolvency practitioners were Vantis plc in Birmingham.
Phillip Molloy said "We are tremendously excited by the buy-out and the opportunities it will present for the business, our current and potential new clients, both domestically and internationally."
The Frooition website is now operated by Froo.com Limited, a previously dormant company.
eBay has acquired Positronic, Inc., a company that uses artificial intelligence technology to improve search from a user experience point of view.
The official eBay blog announced the acquisition and confirmed rumours that Christopher Payne, co-founder of Positronic, joined eBay as VP of Search and fellow co-founder Dane Glasgow joined eBay as VP of Engineering.
Last year eBay globally launched a major new search system, dubbed Finding 2.0, and a controversial new sorting algorithm, called Best Match. The new features were aimed at improving the relevance of search results for buyers, but some sellers complained that their listings had become impossible to find.
Community site WorthPoint has completed its acquisition of GoAntiques, the Web's oldest antiques and collectibles site.
Founded in 2007, WorthPoint offers a multi-million point database of sales records of art, antiques and collectibles from hundreds of auction houses. Members can take advantage of expert advice from the Company’s Worthologist team on how to preserve or sell antiques and collectibles. Members can also share their knowledge and create online collecting communities.
GoAntiques offers 650,000 items from approximately 1,300 dealers in 31 countries. The GoAntiques’ PriceMiner guide is the largest in the world, offering prices on 27 million collectibles and pieces of art and over 32 million images.
The combined company will have more than half a million registered members.
GoAntiques, the collectibles marketplace and company behind research tool PriceMiner is to be acquired by WorthPoint, a company that offers a database of auction sales records and a networking site for collectors and dealers.
Founded only in 2007, WorthPoint has become the largest social network for researching the worth of antiques and collectibles. More than 50,000 people registered as WorthPoint members in the company's first nine months.
GoAntiques was founded in 1994 and is the Web's oldest antiques and collectibles site. It offers 600,000 items from more than 1,300 dealers in 31 countries. GoAntiques logs nearly a million visits and thousands of transactions each month and has more than 350,000 registered members. PriceMiner is the world's largest antiques and collectibles price database.
Although there is no connection to Auctiva declared on the Auction Sentry website, Auction Sentry users have reported that their renewal payments go to Auctiva's PayPal account. Indeed, clicking the "Purchase" button on the Auction Sentry website leads to a PayPal page clearly stating "PayPal securely processes payments for Auctiva". The new Auction Sentry forum and reviews on this web site also claim that Auctiva has acquired the sniping tool.
Why would an auction management solutions provider acquire a sniping tool? There is no obvious answer to that. Auctiva has been in the eBay tools market for many years but came to new prominence since the launch of their free service. They acquired Sellathon - a company that logs and analyzes eBay auction visits - quietly in January 2007.
As an eBay Certified Solution Provider, running a sniping service could put Auctiva in a difficult position. Sniping tools cannot use eBay's official interface so must use "page-scraping" to access the site, which is technically prohibited by the eBay User Agreement but normally tolerated by eBay.
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MarketplaceAdvisor Premium is designed for multi-channel sellers, offers the same eBay features, and gives retailers access to full integrations with Amazon and Overstock Shopping as well as enhanced functionality that improves the quality of product feeds sent to comparison shopping engines including Shopzilla, Shopping.com, and Google Product Search.
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