E-Commerce Platform Provider Captures Substantial Share of Rapidly Expanding Global Online Retail Market
Research Triangle Park, NC – April 28, 2011 – ChannelAdvisor, a global e-commerce platform provider that enables retailers to sell more across online channels, today announced it achieved record first-quarter sales and enjoyed its fastest rate of revenue growth in more than two and a half years. The company welcomed 320 new customers across North America, Europe and Asia including top retailers like Motorola, Deckers Europe, Misco and Cloggs.
ChannelAdvisor powers more than 3,000 retailers globally, including some of the largest, most successful retail brands such as Nike, Wal-Mart, Dell, Victoria’s Secret, Under Armour, Staples, Crocs, Bed, Bath & Beyond, Jos. A. Bank, Urban Outfitters and more.
“We’ve come into 2011 with our foot on the accelerator,” said ChannelAdvisor President and Chief Operating Officer David Spitz. “This quarter was our largest first quarter ever and marks our fastest growth in more than two and a half years, and we’re forecasting continued acceleration in growth for the rest of 2011. Our business continues to grow at such an impressive rate because we’re incredibly well-positioned within a global market that is projected to grow to $1 trillion by 2014.”
“The e-commerce universe has become increasingly complex for retailers – dozens of channels to manage, requirements changing daily, new competition and more discriminating buyers than ever before,” Spitz continued. “ChannelAdvisor is uniquely positioned in the middle of the e-commerce market with a complete range of solutions to manage every online channel. We continue to invest in product innovation to ensure that our customers are ahead of the curve in this dynamic market. But the real ‘secret sauce’ is our people – we’ve got some of the brightest minds in e-commerce and we’ve been at this for nearly a decade. We’re quickly becoming the global standard for e-commerce leaders and we’re looking forward to continued growth ahead.” Other highlights of the quarter included the following:
ChannelAdvisor is also continuing to hire with dozens of positions open for sales, engineering and services personnel. To apply to join the ChannelAdvisor team, visit www.channeladvisor.com/careers.
ChannelAdvisor is a software provider that helps retailers worldwide sell more online through channels such as marketplaces, paid search and comparison shopping, and with webstores and rich media solutions. Widely respected as the essential partner in e-commerce, ChannelAdvisor is the only company that calms the chaos of online selling by enabling retailers to submit one inventory feed to the ChannelAdvisor platform where it is translated to fit the specifications of e-commerce channels and distributed accordingly. The robust reporting capabilities of the ChannelAdvisor platform allow retailers to track their progress across e-commerce channels to make immediately actionable, performance-based decisions. For retailers of all levels of expertise, ChannelAdvisor’s industry-certified services team offers expert advice and custom service packages. In 2010, ChannelAdvisor managed $2.8 billion in gross merchandise value (GMV) on behalf of retailers of all sizes including Saks, Dell, Brookstone, GSI Commerce and 129 of the Internet Retailer Top 500 online retailers. ChannelAdvisor is headquartered in Research Triangle Park, NC with offices in New York, Seattle, Australia, Ireland, Germany and the United Kingdom. For further information, visit www.channeladvisor.com.