SOURCE: Mercent

Mercent

January 13, 2015 08:45 ET

CommerceHub Completes Mercent Acquisition; Creates Leading Provider of Enterprise-Scale Omni-Channel Commerce Solutions

NEW YORK, NY--(Marketwired - Jan 13, 2015) - #NRF15 -- CommerceHub announced today the closing of its acquisition of Mercent Corporation on January 8, 2015. The transaction further positions CommerceHub as the leading global provider of enterprise-scale omni-channel commerce solutions.

"This acquisition creates one company with unparalleled commerce capabilities to better serve our customers," commented Frank Poore, CEO of CommerceHub. "With Mercent we have expanded the scope and scale of our ecommerce offerings -- enabling customers to profitably expand product assortment, generate greater demand through high-performance digital shopping channels, and optimize customer delivery from every source of supply."

The transaction significantly expands and strengthens CommerceHub's solutions portfolio, geographic reach and go-to-market channels. The company now optimizes approximately 50 million unique product SKUs for data compliance, channel syndication and sales performance. The combined organization serves more than 200 enterprise brand name retailers. The company integrates more than 8,500 brands and distributors with major North American retail channels and marketplaces, driving an estimated $10 billion of annual retail GMV through its platforms. The company achieves delivery excellence through partnerships with all major carriers and with a network of geographically distributed 3PLs.

CommerceHub's end-to-end offering enables leading global retailers to:

  • Expand product assortments through a vast network of drop-ship suppliers and marketplace sellers
  • More effectively promote products via the top marketing and digital advertising channels like Google Shopping and Pinterest
  • Deliver a true omni-channel experience, distributing goods to and from stores, warehouses, drop shippers or third-party sellers
  • Launch marketplaces featuring third-party seller assortment with full monitoring and control of the entire delivery process

About CommerceHub
CommerceHub provides cloud-based technologies and services that enable retailers to expand their product offering without inventory risk. CommerceHub makes it possible to integrate with product sources and provides tools necessary to identify new sources of products, rapidly build SKUs, and ensure the smooth delivery of goods to customers. With its robust platform and high scalability, CommerceHub in 2013 helped top online retailers in the US and Canada achieve $7 billion in retail sales through drop-ship fulfillment. These expanded assortment orders were successfully processed and fulfilled directly to consumers by more than 8,000 integrated suppliers, distributors, manufacturers and third-party sellers. CommerceHub is a subsidiary of Liberty Interactive Corporation attributed to the Liberty Ventures Group (NASDAQ: LVNTA) (NASDAQ: LVNTB). www.commercehub.com

About Mercent
Through its award-winning Mercent Retail™ technology, Mercent helps large brand name retailers including 1-800-Flowers, HSN, and GUESS? profitably reach and convert online shoppers. Supported consumer shopping destinations include Amazon.com, Google, eBay, Bing, Pinterest, Rakuten, and Newegg Marketplace, paid search, product ads, comparison shopping engines (CSEs), affiliate networks, social shopping sites and display advertising campaigns. The ecommerce marketing company was founded by Amazon.com veterans and is based in Seattle, WA. For more information, visit www.mercent.com.

Contact Information

  • Media Contacts

    CommerceHub
    Kristine Szarkowitz
    206-310-5323

    Liberty Interactive Corporation
    Courtnee Ulrich
    720-875-5420