In its second-largest acquisition, Amazon buys the company for $970 million.
Revenue run rate more than doubled compared to the year prior for the third consecutive year.
Liveclicker, Inc, the leading provider of video commerce solutions for the web's top brands, today announced record revenue and client acquisition growth in the fiscal year ended Dec 31, 2011. Revenue run rate more than doubled compared to the year prior for the third consecutive year, and brands including Disney, Saks Fifth Avenue, Spanx, Dollar General, Express, TomTom, Eastern Mountain Sports, and L'Oreal joined the company's growing client roster.
As in prior years, Liveclicker also retained 100% of its existing enterprise clients in 2011. Kevin McNall, Director of Web Design, Development, and Digital Imaging at Brown Shoe Company, noted that "since we began using Liveclicker, we have noticed that people who watch our videos are purchasing products two to three times more often than those who don't watch videos on our site. [Liveclicker] takes our ideas and integrates them into their solution, which is fantastic," he said.
"The market for video commerce continues to grow quickly as more brands rush to meet burgeoning consumer demand for online video," said Justin Foster, Liveclicker's Co-Founder and VP of Market Development. "Commerce sites that are winning with their video strategies understand the need for a complete solution that addresses the four tenets of a successful video commerce program: produce and scale videos that convert, publish and distribute those videos across the web, deliver interactive video experiences, and prove the results with hard data. Liveclicker addresses all of these needs, making it the ideal solution for video commerce in 2012 and beyond."