The funding round values the company at more than $1 billion. Sprinklr has raised $123.5 million to date.
The e-commerce services provider starts the new year by acquiring CompassIM. Monsoon says CompassIM already integrates with its Monsoon Stone Edge order management system, the top-ranked vendor system listed in the Internet Retailer Top 1000.
E-commerce services provider Monsoon Commerce Inc. has bought CompassIM, a warehouse and inventory management system, from Access Data Systems Inc., Monsoon announced today. Monsoon did not say what it paid for CompassIM.
Monsoon Commerce says CompassIM already integrates with its Monsoon Stone Edge order management system and is configured to work with other data systems. Monsoon Stone Edge is the most popular vendor-provided order management system listed by e-retailers in Internet Retailer’s Second 500 Guide. It is listed by 36 e-retailers in the Second 500 and by 13 in the Top 500 Guide. Monsoon Commerce acquired Stone Edge Technologies in 2011.
The founder of Access Data Systems, Richard Houyoux, will work with Monsoon as a consultant, Monsoon says. Access Data Systems launched in 1993, according to its web site, and the CompassIM product was introduced in 2011.
“Acquiring CompassIM … [offers] our multichannel customers easy access to an affordable, proven, mature solution to easily manage inventory across all channels and warehouses,” says Jim Cruckshank, CEO of Monsoon Commerce. “As part of our strategic business plan, we will continue to assess opportunities in e-commerce that expand our product offerings and functionality.”
Monsoon Commerce is the parent company of online bookseller Alibris Inc., No. 208 in the Top 500 Guide. To learn more about how e-retailers use warehouse and inventory management systems, read the story “The pick of the lot” in the January 2014 issue of Internet Retailer magazine.