Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The promotion enables new subscribers of Magento Go and nChannel to defer payment for subscription and implementation fees until January 2013.
Columbus, Ohio – October 22, 2012— nChannel a cloud-based management platform for retailers and distributors announced today it will help retailers and distributors launch fully integrated Magento Go web stores in time for Cyber Monday. The promotion enables new subscribers of Magento Go and nChannel to defer payment for subscription and implementation fees until January 2013.
Customers of Microsoft Dynamics RMS, Microsoft Dynamics HQ, and Microsoft Dynamics GP 2010 are eligible to participate. Magento Go is used by more than 125,000 subscribers.
nChannel’s Cyber Monday Mania offer enables eligible customers to launch a Magento Go subscription with nChannel’s web-based platform and connectors free for three months. When connected, items can be populated to the Magento Go store from item and inventory data that exists in Microsoft Dynamics. As Magento Go orders are collected in Microsoft Dynamics, inventory is synchronized and updated order status is sent back to Magento Go.
Deloitte forecasts a ‘modest’ 3.5% to 4% increase in holiday sales; non-store sales to rise 15% to 17%. "Non-store sales continue to outpace overall growth, but increasingly influence consumers' experience with the retail store, from trip planning, to in-store product research, and post-purchase reviews and sharing," said Alison Paul, VP, Deloitte LLP and retail & distribution sector leader. The National Retail Federations’s new data reports total online spending this holiday season to be between $92 billion and $96 billion.
“Holiday sales are vital to companies because they can account for more than a quarter of annual retail sales in a typical year. Web stores that are integrated into a company’s business systems help to improve delivery times and customer satisfaction. What better way for companies to try out a robust system like Magento Go than with a promotion that allows them to defer the investment until after the holiday season.” said Lisa Steinhart, Vice President of Sales and Marketing at nChannel.
The Magento Go and nChannel offer starts October 16th through November 16th 2012.
More information about the Magento Go and nChannel’s Cyber Monday Mania program is available at www.nchannel.com/cyber-monday-mania.
nChannel provides an easy-to-use, cloud-based management platform that enables companies to cost effectively synchronize and exchange sales, customer, and product data from transactions that occur at the register, in the warehouse, or via a web-store. nChannel’s centralized, web-based model enables companies to easily manage sales processes for both wholesale and consumer channels. Using nChannel, subscribers can link their existing financial, ERP and/or POS systems with any number of external sales methods including traditional storefronts, websites and marketplaces. For additional information about nChannel, please visit our website at www.nchannel.com
The Magento eCommerce platform serves more than 125,000 merchants worldwide and is supported by a global ecosystem of solution partners and third-party developers. Magento is a feature-rich, open-source, enterprise-class platform that offers merchants a high degree of flexibility and control over the user experience, catalog, content and functionality of their online store. In August 2011, Magento was acquired by eBay Inc., and is now a division of X.commerce, Inc. (an eBay Inc. company).