Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Dan Clarke has been named CEO of WinBuyer, a provider of comparative pricing applications for online retailers. WinBuyer has also received $6.9 million in funding.
Dan Clarke, former CEO of e-commerce technology company Vcommerce, has been named CEO of WinBuyer, a provider of comparative pricing applications that retailers can run on their own e-commerce sites. WinBuyer has also received $6.9 million in venture capital in a first round of funding led by Pitango Venture Capital and Giza Venture Capital.
"We are very happy to have Pitango and Giza as new investors in the company," says Clarke, who is also a former senior director at computer chip maker Intel Corp. "The investment allows WinBuyer to expand its market presence within the U.S. and further into international markets, exponentially growing the solution`s availability to online retailers."
WinBuyer’s on-site comparative pricing application allows retailers to show multiple retailers’ product prices so that shoppers can comparison shop while remaining on the retailer’s site.
WinBuyer’s clients include Overstock.com Inc., Ritz Interactive Inc., Game Quest and Hayneedle Inc.
Vcommerce now operates as part of Channel Intelligence Inc.