IBM client web sales rose 12.1% last weekend, while ChannelAdvisor reports 13.9% growth in sales last week for merchants on Amazon.
New Name Reflects Powerful Capabilities of Full-Service E-Commerce Services Platform
MINNEAPOLIS, MN – September 9, 2013 – Navarre Corporation (NASDAQ: NAVR), a verticallyintegrated, multi-channel platform of e-commerce services and distribution solutions, has changed itsname to Speed Commerce, Inc., effective immediately.
“Our new name reflects the evolution of our company from primarily a distribution business to a unique,end-to-end e-commerce services and retail distribution platform,” said the company’s president andCEO, Richard Willis. “The name Speed Commerce expresses our mission to rapidly grow our clients’businesses by delivering flexible solutions along with highly responsive processes and services.”
The company’s NASDAQ ticker symbol will also change from "NAVR" to "SPDC,” effective at the start oftrading on Thursday, September 12, 2013. The company’s website can now be found atwww.speedcommerce.com.
“We acquired SpeedFC nearly 10 months ago to strengthen our platform and more meaningfullyparticipate in the rapidly expanding e-commerce sector,” continued Willis. “Since then, our e-commerceservices business has exceeded our internal plan for both customer wins and cost synergies. We offer acompelling solution for retailers and manufacturers who seek a single-source, end-to-end solution for alltheir front and back-end e-commerce services, and our name now reflects our strategic plans toaggressively grow this business.”
About Speed Commerce
Speed Commerce provides a vertically integrated, multi-channel platform of e-commerce services anddistribution solutions to retailers and manufacturers. The company uniquely offers retail distributionprograms, web site development and hosting, customer care, e-commerce fulfillment, and third partylogistics services.
For additional information, please visit the company's website atwww.speedcommerce.com.
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