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ChannelAdvisor Continues To Grow Despite Economic Headwinds
Aug 03, 2009 (08:08 AM EDT)


RESEARCH TRIANGLE PARK, N.C., Aug. 3 /PRNewswire/ -- HASH(0x17b2ed0) HASH(0x1786560) HASH(0x178c9f0) HASH(0x17957b0) HASH(0x178c960) HASH(0x17aef90) HASH(0x1787e10) HASH(0x17aee30) HASH(0x1770e50) HASH(0x16b1e50) , the leading provider of e-commerce channel management solutions, announced today the addition of over 250 customers during the second quarter of 2009. Notable new customers include , , , , , , , and .

In addition to these new customers, ChannelAdvisor closed $2.8 million in new bookings in Q2, a company record. The company now boasts 120 of the prestigious Internet Retailer's Top 500.

"We're seeing very strong demand from top retailers who are leveraging our platform to outpace this difficult economic environment by increasing product exposure, efficiency, and revenue via e-commerce channels," says Scot Wingo, President and Chief Executive Officer of ChannelAdvisor. "ChannelAdvisor's customers have stayed in front of the shifting trends driven by the changing economy and are continuing to hone their multi-channel strategies with us."

ChannelAdvisor combines best practices, innovative software and integrated technology to help retailers maximize their profits across multiple e-commerce channels - including marketplaces like eBay, Amazon.com, and Buy.com; comparison shopping sites like Shopping.com, Shopzilla and Pricegrabber.com; and across major search engines like Google, Yahoo!, Bing!, and Ask.com. Designed exclusively for online retailers, ChannelAdvisor enables businesses both big and small to create, analyze and streamline e-commerce initiatives. The benefits include higher product sales and true, measurable ROI without costly IT investments.

"Continuing to do business with ChannelAdvisor helps us to efficiently manage our e-commerce channel performance to achieve our goals and address the continuous changes from the various channels," says Tom Nakfoor, VP of eCommerce at Meijer, Inc. "In this tough economic climate, having partners that can help us stay ahead of the curve is critical."

ChannelAdvisor also made major enhancements to its ChannelAdvisor Complete(TM) platform during the quarter. Some of the notable enhancements are:

ChannelAdvisor Corporation provides technology and services that enable leading online retailers to maximize their products across multiple e-commerce marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Google Product Search and search engines such as Google, Yahoo! and MSN. In 2008, ChannelAdvisor managed over $2.6 billion in gross merchandise value (GMV) on behalf of its customers. ChannelAdvisor solutions combine best practices, on-demand software and integration technology to help retailers sell more products, faster, by automating labor-intensive, manual functions so they spend less time optimizing campaigns and more time solving marketing and business issues. ChannelAdvisor has expanded its retail technology and services by acquiring Rich FX media solutions. MyRichFX(TM), RichImage(TM), RichCatalog(TM), and RichCircular(TM) are now part of the ChannelAdvisor rich media technology and service solutions that ChannelAdvisor offers. ChannelAdvisor's customers include GSI Commerce, Brookstone, Tiger Direct and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Atlanta, Seattle, New York, the United Kingdom, Australia, Ireland and Germany. For more information, visit HASH(0x17b0740) .

SOURCE ChannelAdvisor Corporation

CONTACT: Ashley Jones, ChannelAdvisor Corporation, +1-919-349-4177, ashleyj@channeladvisor.com

Web site: http://www.channeladvisor.com/