SOURCE: Channel Intelligence, Inc.

enterprise e-commerce solutions for manufacturers and online retailers

September 01, 2009 15:47 ET

Channel Intelligence Acquires Storefront, Order Management and Fulfillment Assets From Vcommerce

ORLANDO, FL--(Marketwire - September 1, 2009) - Channel Intelligence, Inc. (CI), a partner company of Internet Capital Group (NASDAQ: ICGE), today announced the acquisition of certain key assets of Vcommerce, a provider of ecommerce software solutions located in Scottsdale, AZ. With the newly acquired assets, CI will, through a new, wholly owned subsidiary, provide storefront, order management and fulfillment services to retailers, manufacturers and publishers across several industry verticals. Key customers include Cisco Consumer Products and The McGraw-Hill Companies.

The acquisition of the Vcommerce assets will expand CI's e-commerce platform services for retailers, publishers and manufacturers, increasing its overall customer base to 235, with more than 25 percent represented in the Internet Retailer Top 250. The combination of the Vcommerce storefront and fulfillment services with Channel Intelligence's industry leading performance based marketing solutions will permit CI to offer the industry's most complete set of services for manufacturers, publishers and retailers.

Channel Intelligence has been the industry leader in helping manufacturers drive sales to their channel partners with over 80 percent market share. With the addition of its display advertising, social networking and the Vcommerce fulfillment and storefront assets, CI is now more deeply aligned with a manufacturer's overall e-commerce strategy. By partnering with manufacturers and their advertising agencies to drive traffic, process orders, and track sales directly from the manufacturer's on-line store and through CI's vast world-wide network of large and specialty retailers, CI provides a compelling performance-based solution for manufacturers.

For its retail customers, CI now adds complete order management and fulfillment services to its portfolio, allowing retailers to maximize their catalogs and enable seamless integration across their channel partners. These capabilities, combined with CI's existing comparison shopping engine service and new performance advertising and search engine marketing services, provides a complete end-to-end solution for retailers to drive profitable sales from these programs.

"We are very excited about this acquisition because of Vcommerce's best-in-class technology and great people," said Robert Wight, Co-Founder and CEO of Channel Intelligence. "Channel Intelligence has always been the leader in helping manufacturers and retailers drive sales, largely due to our unique ability to work across all channels with such a large and diverse group of customers. With the addition of the Vcommerce technology, we now have a truly integrated experience for our customers."

With its new capabilities, CI will be a leading provider of Commerce Platform as a Service (PaaS) solutions, with over $2B annually in referred sales to leading manufacturers and retailers such as Best Buy, HP Home and Home Office, Kimberly-Clark, Neiman Marcus, Philips, Target, Garmin, OfficeMax, Samsung, Charming Shoppes, Black & Decker and hundreds more.

CI will now maintain a west coast office in Phoenix, AZ, in addition to its headquarters located in Orlando, FL.

About Channel Intelligence:

CI is a performance marketing and services company focused on helping retailers, manufacturers and other advertisers make their products and services easier for consumers to find and buy on the Internet and in local retail stores. The CI product database is capable of storing, managing, optimizing and analyzing hundreds of millions of products every day. This database powers product data for leading manufacturers and retailers in Computing, Home Improvement, Appliances, Consumer Electronics, Toys and other Consumer Product industries such as Apparel, Cosmetics and Jewelry. CI offers innovative suites of services for hundreds of the world's best known manufacturers, retailers and publishers and provides distribution of product data to over 50 destination websites, including the proprietary CI Ad Network. Cultivating partnerships with some of the best solution providers in the eCommerce arena, CI is a partner company of Internet Capital Group (NASDAQ: ICGE) and Aweida Capital Management. CI was founded in 1999 by CEO Robert Wight and EVP Alan Fulmer and is headquartered in Orlando, Fla. Learn more at http://www.channelintelligence.com.

About Vcommerce:

Vcommerce has been a market leader in Order Management/Order Fulfillment eCommerce on-demand platform solutions, providing a comprehensive suite of best-in-class capabilities such as storefront, order management, order fulfillment, supplier integration, and customer service. Using a high performance SaaS (Software as a Service) platform, Vcommerce has processed billions of dollars of revenue annually for its clients. Prior to the sale of certain key assets to CI, Vcommerce customers spanned retail industry segments and included major brands such as Overstock.com, Barneys New York, The McGraw-Hill Companies, and BJ's Wholesale Club. Learn more at http://www.vcommerce.com.

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