ChannelAdvisor Expands Drop-Ship and Fulfillment Capabilities with Acquisition of HubLogix Commerce Corp.
May 30 2017 - 3:15PM
Business Wire
ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of
cloud-based e-commerce solutions that enable retailers and branded
manufacturers to increase global sales, today announced that it has
acquired HubLogix Commerce Corp., a leading fulfillment and
logistics platform that automates order management by connecting
online storefronts and marketplaces to distribution and fulfillment
centers. Based in Boston, HubLogix can help improve order accuracy
and fulfillment speed for its customers, which can lower customers’
fulfillment costs and create competitive advantages for their
customers’ businesses.
“Earlier this year we announced the launch of our Fulfillment
Network and our dedication to helping our customers streamline
their logistics and provide the best customer experience down to
the last mile. This acquisition provides us the technology and
expertise to further enhance our fulfillment offering and
capabilities,” said David Spitz, ChannelAdvisor CEO. “We’ve worked
with HubLogix for years and have always been impressed with the
team’s knowledge of the space and the value they provide. We’re
delighted to welcome the HubLogix team to the ChannelAdvisor family
and we look forward to future shared success.”
As part of its platform’s fulfillment automation capabilities,
HubLogix has developed a network of more than 150 fulfillment
partners to allow sellers to work efficiently with their vendors
and third-party logistics partners. With the acquisition of
HubLogix, ChannelAdvisor strengthens its product suite with the
addition of fulfillment automation, while also adding a talented
team of distribution, fulfillment and supply chain domain experts
to the organization.
“ChannelAdvisor has a history of industry leadership, so we’re
thrilled to join forces and add our knowledge and technology to the
ChannelAdvisor product suite,” said Christian Hassold, HubLogix
CEO. “Together we can solve the market’s need for an end-to-end
solution that optimizes online and offline commerce.”
Financial terms of the transaction were not disclosed.
ChannelAdvisor does not anticipate a material impact to 2017
revenue or adjusted EBITDA as a result of the transaction.
To learn more about the ChannelAdvisor Fulfillment Network,
register to attend our webinar on June 20 at 10 am PT, 1 pm ET.
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About ChannelAdvisor
ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based
e-commerce solutions that enable retailers and branded
manufacturers to integrate, manage and optimize their merchandise
sales across hundreds of online channels including Amazon, Google,
eBay, Walmart, Facebook and more. Through automation, analytics and
optimization, ChannelAdvisor customers can leverage a single
inventory feed to more efficiently list and advertise products
online, and connect with shoppers to increase sales. Billions of
dollars in merchandise value are driven through ChannelAdvisor’s
platform every year, and thousands of customers use
ChannelAdvisor’s solutions to help grow their businesses. For more
information, visit www.channeladvisor.com.
Safe Harbor Statement
The statements in this press release that are not historical
facts constitute “forward-looking statements” that involve risks
and uncertainties and are made pursuant to the Private Securities
Litigation Reform Act of 1995. These statements include
expectations regarding the e-commerce market and our continued
position as a leading provider of cloud-based e-commerce solutions.
The achievement or success of the matters covered by such
forward-looking statements involve risks, uncertainties and
assumptions, and if any such risks or uncertainties materialize or
if any of the assumptions prove incorrect, our results could differ
materially from the results expressed or implied by the
forward-looking statements we make. Further information on the
factors that could affect our results is included in our filings we
make with the Securities and Exchange Commission from time to time.
These documents are available on the ‘SEC Filings’ section of the
Investor Relations page of our website at
http://ir.channeladvisor.com. The statements made in this release
are based on information available to us as of the date of this
release, and we assume no obligation and do not intend to update
these forward-looking statements, except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170530006207/en/
ChannelAdvisorCaroline Riddle,
919-439-8026caroline.riddle@channeladvisor.com
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