ChannelAdvisor

ChannelAdvisor
Type Public
Traded as NYSE: ECOM
Industry e-commerce
Key People Scot Wingo (Executive Chairman & Co-Founder) Aris Buinevicius (CTO & Co-Founder) David Spitz (CEO) Mark Cook (CFO) Ryan Walsh (CRO)
Founded 2001
Headquarters Morrisville, NC
Employees 683 (as of December 31, 2014[1]
Website http://www.channeladvisor.com

ChannelAdvisor Corp. is an e-commerce company based in Morrisville, North Carolina.[2] The company provides cloud-based e-commerce software solutions and publishes widely followed e-commerce sales data.[3] ChannelAdvisor connects its retail customers with new and existing sources of demand for their products, including e-commerce marketplaces, such as eBay, Amazon.com, Walmart.com and Newegg, as well as digital marketing channels, such as Google, Bing, NexTag, Facebook and Pinterest. NetSuite and Best Buy are among some of the more notable companies that ChannelAdvisor has formed partnerships with.[4]

ChannelAdvisor was founded by Scot Wingo and Aris Buinevicius in June 2001.[2]

From 2010 to 2012, the company’s revenue increased from $36.7 million to $53.6 million.[5] In 2012, ChannelAdvisor customers processed more than $3.5 billion in gross merchandise value.[6]

ChannelAdvisor is traded on the New York Stock Exchange under the symbol ECOM.[2] ChannelAdvisor publishes monthly Same Store Sales (SSS) reports comparing Amazon and eBay Inc. (NASDAQ:EBAY) sales, alongside sales derived from Google Shopping (NASDAQ:GOOG) or search engine results.[7]

History and operations

ChannelAdvisor was founded in 2001 by Scot Wingo and Aris Buinevicius. Today, Wingo is Executive Chairman and the Chairman of the Board at ChannelAdvisor, and Buinevicius is the Chief Technology Officer. Prior to launching ChannelAdvisor, Wingo and Buinevicius co-founded Stingray Software as well as AuctionRover.com, an auction search site. Auctionrover.com was acquired by GoTo.com, becoming GoTo Auctions.[8]

ChannelAdvisor filed for initial public offering on April 11, 2013 and went public on May 23, 2013.[9] ChannelAdvisor hosts an annual e-commerce industry conference called Catalyst, in both the U.S.[10] and Europe.[11]

In addition to headquarters in Morrisville, NC, ChannelAdvisor also has offices in New York City, Seattle, London, Ireland, Australia and Germany.[12] In 2013, ChannelAdvisor opened offices in Brazil[13] and Hong Kong.[14]

References

  1. ↑ "CHANNELADVISOR CORP (ECOM) SPO".
  2. 1 2 3 "ChannelAdvisor Corp.". MarketWatch. The Wall Street Journal. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  3. ↑ Chuck, Jones. "Amazon's Same Store Sales Still Strong But Deceleration Continues. eBay's SSS Growth Rate Decelerates". Forbes. Forbes. Retrieved 12 June 2014.
  4. ↑ Cramer, Jim (10 February 2014). "Add to Cart?". CNBC Mad Money. Retrieved 29 April 2014.
  5. ↑ Rao, Leena. "eBay-Backed E-Commerce Software Company ChannelAdvisor Files for $86M IPO". TechCrunch. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  6. ↑ Grant, Rebecca. "As e-commerce grows and grows, ChannelAdvisor files for IPO". VentureBeat. VentureBeat. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  7. ↑ Rudarakanchana, Nat. "Amazon: Retailers Must Adapt to Survive". Investing.com. Investing.com. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  8. ↑ "ChannelAdvisor Corp (ECOM:New York Consolidated)". Bloomberg L.P. Bloomberg L.P. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  9. ↑ Tauli, Tom. "ChannelAdvisor: Riding The E-Commerce Megatrend". Forbes. Forbes. Retrieved 12 June 2014.
  10. ↑ Davis, Don. "eBay plans to expand its eBay Now delivery service". Internet Retailer. Internet Retailer. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  11. ↑ Chris, Dawson. "ChannelAdvisor add 3 marketplaces at Catalyst". Tamebay. Tamebay. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  12. ↑ Ohnesorge, Lauren. "IPO Talk Swirls Around ChannelAdvisor". Triangle Business Journal. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  13. ↑ Ranii, David. "ChannelAdvisor Opens Office in Brazil". Raleigh News & Observer. Retrieved 12 June 2014.
  14. ↑ Ohnesorge, Lauren (3 April 2013). "ChannelAdvisor to open Hong Kong office". Triangle Business Journal. Archived from the original on June 12, 2014. Retrieved 12 June 2014.

External links

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