SOURCE: Stitch Labs

Stitch Labs

July 01, 2014 11:26 ET

Stitch Labs Doubles Quarterly Revenue, Adds to Management Team

Inventory Management Leader Names New Chief Marketing Officer and Vice President of Engineering

SAN FRANCISCO, CA--(Marketwired - July 01, 2014) - Stitch Labs, the industry leader in cloud-based inventory control and multichannel commerce solutions, today announced rapid growth that has resulted in the addition of a new chief marketing officer (CMO) and vice president of engineering. Jill Richards has been named CMO, responsible for marketing, branding and business development, and Shahram Moatazedi has been appointed vice president of engineering, accountable for the growth and development of Stitch Labs' intuitive and streamlined platform.

As a cloud-based inventory management platform that helps businesses unify sales channels, gather crucial data and fulfill orders faster, Stitch currently processes more than $100 million in sales transactions each month and has seen a 716 percent increase in orders processed in the last year. This exponential growth is what led to the addition of Richards and Moatazedi as well as a four-fold increase in employees since Q4 2013.

"Our goal has always been to empower companies with tools and data to make smarter business decisions while decreasing time and energy spent," said Brandon Levey, CEO and founder of Stitch Labs. "Adding Richards and Moatazedi will allow us to keep doing that while serving our customers better and faster than ever before."

With more than 20 years of experience fueling growth in enterprise and startup technology companies, Richards has a breadth of knowledge related to the integration marketing and sales with strategy. Previously, she served as CMO of Big Data innovator Terracotta, where she led global communications, product, partner and field marketing. In addition, Richards founded Gray Wolf Partners, a consulting firm delivering growth strategies and marketing programs to companies such as Cisco, eBay and Wells Fargo.

"I have a passion for startups and enterprise businesses, and am eager to help Stitch Labs continue to grow its passionately loyal customer base," said Richards. "This swift growth is truly a testament to Stitch's market influence in the e-commerce space, and I'm proud to be a part of the team."

Vice president of engineering Moatazedi has been a leader in Silicon Valley for the last 18 years, most recently as senior director of engineering for NICE Systems, where he was responsible for big data analytics and mobile platforms. With a proven track record of leading technical staff, Moatazedi will be critical in ensuring the Stitch platform scales with our customers, integrates with additional e-commerce partners, and delivers even more advanced features like predictive analytics.

To learn more about how Stitch Labs' inventory control solution helps retailers make smarter business decisions, please visit www.stitchlabs.com.

About Stitch Labs
Stitch Labs is an online platform for multichannel sellers who need to manage their inventory, orders and sales data information all in one intuitive location. Stitch integrates with Amazon, eBay, Etsy, Shopify, Quickbooks, Xero, BigCommerce and Square, enabling businesses to grow multichannel selling strategies with ease. For more information about Stitch Labs, visit www.stitchlabs.com or reach out to our team at press@stitchlabs.com.

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