ChannelAdvisor has acquired number-one rival Marketworks. The two companies have competed fiercely to offer the best solution for businesses selling on eBay and elsewhere.
"Acquiring Marketworks solidifies our leadership position and reinforces our commitment to the marketplace segment," says Scot Wingo, Chief Executive Officer of ChannelAdvisor. "We will continue to evaluate other opportunities in this and other e-commerce channel segments as they arise."
"Marketworks is excited to join forces with ChannelAdvisor," says Doug Hadaway, Chief Executive Officer of Marketworks. "This partnership will lead to great things for both company's customers and partners."
Following this acquisition ChannelAdvisor will have:
- 5,500 customers on a global basis
- $2,500,000,000 in annualized GMV (Gross Merchandise Value)
- Operating offices in North Carolina, Seattle and Atlanta (USA), Bacharach and Berlin (Germany), London (England), and Melbourne, Australia
ChannelAdvisor say they will continue to support and invest in Marketworks' customers and products.