May 30, 2017 04:15 PM Eastern Daylight Time
RESEARCH TRIANGLE PARK, N.C.--(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.
.@ChannelAdvisor Announces Acquisition of HubLogix, Expands Drop-Ship and Fulfillment CapabilitiesTweet this
“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.
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.
Caroline Riddle, 919-439-8026