SOURCE: Warp 9, Inc.

Warp 9, Inc.

March 10, 2015 03:00 ET

Warp 9 Sees Tremendous Opportunity With Recent Boom in E-Commerce Software Spending

New Report Notes Annual Spending on E-Commerce Software Doubled From 2010 to 2014, and Is Set to Nearly Do so Again by 2019

SANTA BARBARA, CA--(Marketwired - March 10, 2015) - Warp 9, Inc. (OTCQB: WNYN), the premier provider of mobile and e-commerce solutions for midsize online sellers, commented today on a recent report showcasing the growing market demand for e-commerce software and services. The report, compiled by Forrester Research Inc., predicts that spending on e-commerce software and services will nearly double by 2019, after already doing so between 2010 and 2014.

The study predicts that large U.S. companies -- those with revenue of at least $250 million or online sales of at least $50 million -- will spend $2.09 billion on e-commerce platform software in 2019, up from $1.20 billion in 2014. These same firms usually spend up to five times more on implementation and maintenance, a figure that is also expected to nearly double from $5.11 billion in 2014 to $9.77 billion in 2019.

"There's no doubt that the opportunity for tremendous growth is right in front of Warp 9 for the taking, as evidenced by the predicted spend on e-commerce services over the next five years. It's no longer an 'if' for retailers who are considering an online store; the question now is 'when' and 'how can we get there,'" said Andrew Van Noy, CEO of Warp 9, Inc. "These are all questions that Warp 9 is prepared to answer for its current and prospective customers. Warp 9 is the trusted partner that online sellers need to implement robust e-commerce solutions that turn browsers into buyers and drive revenue."

Two specific trends highlighted within the Forrester Research report are of particular interest to Warp 9: mobility and the changing role of the retail store in the Internet age. Consumers aren't just shopping from their desktop computers anymore; mobile devices have become a popular choice for browsing and shopping on the go. Retailers can no longer afford to have e-commerce solutions that are not mobile friendly, and with WarpMobile Magento, Warp 9 is able to give businesses the mobile e-commerce solution they need with a focus on both design and functionality.

Today's consumer is also very 'right now,' meaning they want to order online and pick up at a store rather than wait for delivery. E-commerce platforms need to be flexible to allow a variety of consumer options. Warp 9's e-commerce solutions are built on the Magento platform, a robust software that allows complete customization to your business needs. 

"A mobile platform and the ability to be flexible and customizable are crucial aspects of a retailers e-commerce strategy today. Consumers don't want a clunky mobile experience," said Van Noy. "When a consumer shops online or on mobile, they want the instant gratification -- think of an item, look it up online, pay for it, and continue on with their lives. This should be a focus of retailers as they ramp up their e-commerce strategy in the future, and Warp 9 is well positioned to make that happen."

For more on Warp 9's full suite of services, please visit their website.

About Warp 9

Founded in 1998, Warp 9, Inc. is the premier provider of eCommerce solutions for midsize online sellers. Offering fully managed Software-as-a-Service web and mobile eCommerce technology, Warp 9 allows customers to focus on their core online businesses, rather than on technical implementations. To learn more about Warp 9, please visit www.warp9inc.com or on Twitter at www.twitter.com/warp9inc, or on Facebook at www.facebook.com/warp9inc.

Safe Harbor Statement

Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

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