Vendio Acquired by Alibaba
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.