Venda Continues Wave of Growth in 2006 Following a Stellar 2005
Company Experiences Surge in Demand by Global Retailers
for its On-Demand eCommerce Platform
New York – February 21, 2006 – Venda, Inc., the leading provider of on-demand software-as-a-service global eCommerce solutions, announced today it has achieved record sales and phenomenal growth. In 2005 alone, the company signed 30 new global clients representing 40 new online eCommerce sites. In addition, to continue its mission of providing high-level customer service and aggressive service pricing, the firm has increased its global workforce by over 250 percent.
Venda has long been the eCommerce vendor of choice for leading manufacturers and online retailers like Panasonic, Virgin Megastores, British Telecom, Xerox and Hamleys Toys. Since launching their service in the US in June 2005, the company won the business of prominent retailers and manufacturers, including Crabtree & Evelyn, Nokia, Pokemon and Laura Ashley, who can leverage the rich functionality and flexibility of Venda’s on-demand solution to accelerate the growth of their online channel.
Venda’s clients experienced an average increase of 47 percent in 2005 holiday sales compared to the year before, an impressive figure given that the online retail industry average is 25 percent according to research by comScore Networks.
In addition to replacing U.S. flagship sites, Venda is also the preferred solution for retailers expanding into overseas markets or redeploying their international sites. Rather than working with multiple vendors for multiple countries, retailers are adopting Venda’s on-demand eCommerce solution to overcome the costs and risks, such as complex regulatory environments, payment process standards, and taxation issues across multiple countries.
“The software-as-a-service model is expanding out of the realm of CRM and other industrial applications and into the world of eCommerce. As the pioneer in on-demand SaaS solutions for eCommerce, Venda has been defining and delivering this unique technology service and support model for over five years operating over 150 sites in 11 countries, nine languages and multiple currencies,” said Jeffrey Max, CEO of Venda, Inc. “Some of the world’s most sophisticated and respected companies are leveraging Venda to maximize and enhance their online channels without the inherent cost, complexities and headaches associated with homegrown or vendor-hosted sites.”
On the heels of the company’s recent successes, Venda CEO Jeff Max is speaking on Thursday, February 23, at eTail 2006, a prominent multi-channel retail event being held February 21-24, 2006 at the JW Marriott Desert Springs in Palm Desert, California. Along with Kristen Celko, Director of eCommerce for Under Armour, Mr. Max will share insights into new ways retailers can expand online sales channels, increase sales, enhance their brand reach and overcome the many challenges of developing multi-national, multi-lingual and multi-brand sites.
Venda, Inc. (www.venda.com) provides B2B and B2C eCommerce capabilities in a single, economical, Software-as-a-Service (SaaS) platform. Retailers, branded manufacturers and franchise networks of all sizes and industries are empowered by Venda to increase online and cross-channel sales and build customer satisfaction and loyalty.
About Venda, Inc.
Venda delivers on-demand eCommerce to some of the world’s leading retailers and manufacturers, including Lands’ End, Virgin Megastore, Panasonic, Pokémon, Ted Baker and Xerox. The Company’s complete eCommerce platform combines flexibility, reliability and scalability with the operating advantages of an outsourced service. Multi-lingual and multi-currency capable, Venda’s B2B, B2C and B2E solutions provide “best of the web” capabilities to mid-tier and Fortune 1000 companies. Venda allows customers to reduce the risk, complexity and cost associated with eCommerce, while empowering business users and delivering unprecedented ROI. With offices in New York, London and Bangkok, the Company is managed by a team of eCommerce veterans with more than 20 years of experience in online businesses.
Media Contacts:
Andy Dear
PAN Communications, Inc.
venda@pancomm.com
+1-978-474-1900
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