1/10/07

CHANNELADVISOR ACHIEVES RECORD GROWTH AND IS NAMED FINALIST FOR PRESTIGIOUS CODIE AWARD

Kurt Peters , Executive Editor

ChannelAdvisor Merchant™ Named CODiE Award Finalist for Best Business Software Solution and Best eCommerce Solution by Software & Information Industry Association

Research Triangle Park, NC– January 10, 2007 –ChannelAdvisor, the leading provider of channel management solutions (CMS), today announced it transacted over a half a billion dollars in global gross merchandise value (GMV) during the 2006 holiday season for its customers. The company achieved record performance across all geographies and online channels including search, comparison shopping engines and marketplaces.

In addition, ChannelAdvisor Merchant has been selected as a CODiE Award Finalist by the Software & Information Industry Association (SIIA) in the Best Business Software Solution and Best eCommerce Solution categories. CODiE Award Finalist were chosen by a panel of industry expert judges who evaluated products to determine the solutions that bring the most value and represent the highest impact to business operations.

“The 2007 CODiE Finalists represent real winners, even at this stage of the contest,” said Ken Wasch, SIIA President. “Competition is fiercer than ever and that makes selection as a CODiE Finalist a major achievement. All the companies on this year’s list should feel justifiably proud of their recognition.”

“ChannelAdvisor is honored to have been selected as a finalist for this prestigious award. To be recognized by SIIA as one of the best eCommerce solutions for 2007 validates the hard work our team has done to deliver a product that is truly exceptional,” said Scot Wingo, CEO of ChannelAdvisor. “We’re equally as thrilled by the record performance we achieved with the help of our customers during the busy 2006 holiday season.”

To find a complete list of all of the Finalists for 2007, please visit: http://www.siia.net/codies/2007/finalists.asp.

About ChannelAdvisor Corporation
ChannelAdvisor Corporation provides technology and services that enable industry-leading retailers and manufactures to sell their products across multiple online marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Froogle and search engines such as Google, Yahoo! and MSN. ChannelAdvisor processes over $100m/month (greater than $1.2B/yr) in gross merchandise value on behalf of its customers. ChannelAdvisor solutions combine best practices, innovative software applications and integration technology to dramatically accelerate online channel sales. ChannelAdvisor`s customers include Nokia, GSI Commerce, Sears and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Seattle, the United Kingdom and Germany. For more information, visit http://www.channeladvisor.com/.

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BigMachines, business, Business software, Neighborhood America, Technology

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