CommerceHub acquires ChannelAdvisor
American e-commerce network operator CommerceHub has acquired e-commerce solution provider ChannelAdvisor.
The merger of the two businesses is expected to enhance CommerceHub users’ online shopping experience through drop ship, digital advertising, marketplace and delivery management solutions.
CommerceHub CEO, Bryan Dove, said the acquisition marks a “new chapter” for the business.
“By bringing these two businesses together, we can now empower our customers to reach more channels, expand selection, and increase sales by offering a unified set of solutions across marketplaces, drop-ship, fulfilment, and retail media.”
CommerceHub now has over 18,000 customers transacting more than $50 billion in gross merchandise value with access to more than 400 marketplace and retail channels.
ChannelAdvisor’s CEO David Spitz will work with Dove through the transition process.