Overstock Announces ChannelAdvisor Product Offering to Customer Base
Research Triangle Park, NC and Salt Lake City, UT – February 18, 2005 – ChannelAdvisor, the leading provider of channel management solutions (CMS), and Overstock.com® (NASDAQ: OSTK), the popular online discount retailer and auction site, today announced that the companies have formed an exclusive marketing alliance. The arrangement allows Overstock.com Auctions to offer ChannelAdvisor’s award winning software to its customers, including a special Overstock.com version of ChannelAdvisor’s Professional software. Additionally, ChannelAdvisor customers are now able to post auction items to Overstock.com Auctions through the ChannelAdvisor platform.
ChannelAdvisor Corporation provides technology and services that enable industry-leading retailers and manufactures to sell their products across multiple online channels such as eBay, Amazon.com, Shopping.com, Shopzilla and now Overstock.com Auctions. Starting today, in support of this exciting announcement, Overstock.com is extending ChannelAdvisor customers 60 days of free postings on Overstock.com Auctions that will end on April 19, 2005. In a similar promotion, beginning today ChannelAdvisor will be offering new ChannelAdvisor Professional users 50 free closings per month for 60 days ending on April 19, 2005.
ChannelAdvisor and Overstock.com will continue to work together throughout they year to offer additional special offers to their respective customers.
“We’re delighted to be entering into this agreement with ChannelAdvisor, and we look forward to growing our seller community by offering its industry-leading software and services,” says Holly MacDonald-Korth, vice president of auctions at Overstock.com.
“ChannelAdvisor provides retailers and manufacturers with the technology and services they need to successfully leverage new and multiple online channels,” says Scot Wingo, Chief Executive Officer and President of ChannelAdvisor. “Our customers are demanding alternate channels and we are happy to be able to provide them a complete array of online marketplaces that meets their current and future business needs.”
Todd Rath, Chief Operating and Marketing Officer of Rock Bottom Golf, a top internet golf retailer and a current ChannelAdvisor customer, said, “We’re looking forward to partnering with Overstock.com to build out their golf and sporting goods strategy. We are excited that ChannelAdvisor is supporting this new and exciting marketplace.”
“The key to our success is gaining access to multiple online channels, and managing those transactions with cohesive software—that software for us is ChannelAdvisor,” says Alan Blackford, Co-Owner of DeeVeeDees, a top DVD retailer and current ChannelAdvisor customer. “The interface to Overstock reflects their commitment in supporting our growth plans for the future, and we anticipate more great things will be coming from ChannelAdvisor.”
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