Clifton Park, NY-based CommerceHub, which provides supply chain integration and order management services for retailers, has secured a new round of financing and signed an agreement to expand its relationship with QVC Inc., Commerce Hub announced today.
QVC’s core TV business will now use the same CommerceHub technologies that its online division, QVC.com, has used to manage its drop-ship fulfillment
program. QVC is a $3.8 billion a year electronic retailer.
CommerceHub also has received a $4.65 million investment from Interactive Technology Holdings LLC, a joint venture of Comcast Corp. and QVC.
“We are impressed by CommerceHub’s ability to execute on its plan and to
provide outstanding technologies and customer service. Despite difficult economic conditions, the company has managed to land impressive retail clients, attract additional financing, and has now positioned itself to become a dominant player within the retail supply chain,” said Jeffrey Branman, president of Interactive Technology Partners, the financial adviser to Interactive Technology Holdings.
In addition to QVC, CommerceHub’s clients include Kmart Corp.’s BlueLight.com and Target Corp.
Back...
