ChannelAdvisor

ChannelAdvisor Corp. is an e-commerce company based in Morrisville, North Carolina which provides provides cloud-based e-commerce software. Until 2022, it was traded on the New York Stock Exchange under the symbol ECOM.[3]

ChannelAdvisor
TypeSubsidiary
Industrye-commerce
Founded2001 (2001)
FoundersScot Wingo
Aris Buinevicius
Headquarters
Morrisville, NC
Key people
  • Timothy Buckley (Board Chairman)
  • David Spitz (CEO)
  • Richard Cornetta (CFO)
  • Paul Colucci (CRO)
  • Kathy Twiddy (General Counsel)
  • Beth Segovia (COO)
  • Mike Shapaker (CMO)
Revenue$145.1 million (2020)[1]
Owner
Number of employees
  • 725 (as of December 31, 2020[2])
Websitehttp://www.channeladvisor.com

On November 15, 2022, the company was acquired by CommerceHub.[4]

History and operations

Scott Wingo and Aris Banevicius founded the company in 2001. Today, Wingo is a member of the Board of Directors at ChannelAdvisor, and after serving as Chief Technology Officer. Buinevicius retired from the company on March 17, 2017.[5]

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.[6]

ChannelAdvisor filed for initial public offering on April 11, 2013 and went public on May 23, 2013.[7]

From 2007 to 2017, ChannelAdvisor hosted an annual e-commerce industry conference called Catalyst, in both the U.S. and Europe. The company launched a new annual event called Connect in 2019.[8]

From 2010 to 2020, the company’s revenue increased from $36.7 million to $145.1 million.[9] In 2018, ChannelAdvisor customers processed more than $10 billion in gross merchandise value (GMV).[10]

In addition to headquarters in Morrisville, NC, ChannelAdvisor also has offices in Denver, London, Paris, Southend-on-Sea, Ireland, Australia, Spain, and Germany.[11]

Acquisitions

The following is a list of acquisitions by ChannelAdvisor:

  • BlueBoard (July 2020)[12]
  • HubLogix (May 2017)[13]
  • E-Tale (November 2014)[14]
  • RichFX (March 2008)[15]
  • SearchMarketing (July 2005)[16]

Client Success Stories

References
  1. "ChannelAdvisor Reports Record Fourth Quarter and Full Year 2020 Results; Revenue and Adjusted EBITDA Significantly Exceed Guidance".
  2. "CHANNELADVISOR CORP (ECOM) SPO".
  3. "ChannelAdvisor Corp". MarketWatch. The Wall Street Journal. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  4. "CommerceHub Completes Acquisition of ChannelAdvisor". PR Newswire. Retrieved 2023-01-06.
  5. "ChannelAdvisor Names Paul Forte Chief Revenue Officer". 2017-02-09.
  6. "ChannelAdvisor Corp (ECOM:New York Consolidated)". Bloomberg L.P. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  7. Tauli, Tom. "ChannelAdvisor: Riding The E-Commerce Megatrend". Forbes. Retrieved 12 June 2014.
  8. "ChannelAdvisor Connect 2019 Announced as a Premier Event for E-Commerce Retailers and Brands". ChannelAdvisor. 16 October 2018. Archived from the original on 2018-12-26. Retrieved 26 December 2018.
  9. "ChannelAdvisor Reports Record Fourth Quarter and Full Year 2020 Results; Revenue and Adjusted EBITDA Significantly Exceed Guidance". ChannelAdvisor. Retrieved 2021-02-15.
  10. "ChannelAdvisor Reports Fourth Quarter and Full Year 2019 Results; Revenue Achieves High End of Guidance and Record Adjusted EBITDA Significantly Exceeds Guidance". ChannelAdvisor. 13 February 2018. Archived from the original on 27 December 2018. Retrieved 26 December 2018.
  11. Ohnesorge, Lauren. "IPO Talk Swirls Around ChannelAdvisor". Triangle Business Journal. Archived from the original on June 12, 2014. Retrieved 12 June 2014.
  12. "ChannelAdvisor" July 24, 2020, "https://www.channeladvisor.com/about/news-events/press-releases/channeladvisor-acquires-analytics-firm-blueboard-to-enhance-e-commerce-intelligence-for-global-brands/"
  13. "TechCrunch" May 30, 2017, "https://www.channeladvisor.com/about/news-events/press-releases/channeladvisor-hublogix-acquisition/"
  14. "retailTouchPoints" November 10, 2014, "http://www.retailtouchpoints.com/features/mergers-and-acquisitions/channeladvisor-acquires-e-tale-integrates-where-to-buy-function"
  15. "SCMagazine" July 16, 2008, "https://www.scmagazine.com/channeladvisor-acquires-richfx/article/112520/"
  16. "AdAge" July 13, 2005, "http://adage.com/article/btob/channeladvisor-acquires-searchmarketing/261094/"
  17. "ASICS". ChannelAdvisor. Retrieved 2023-05-21.
  18. "Monoprice". ChannelAdvisor. Retrieved 2023-05-21.
  19. "PartsHawk Pit Stop". partshawk.com. Retrieved 2023-05-21.
  20. "PartsHawk". ChannelAdvisor. Retrieved 2023-05-21.
  21. "Party City". ChannelAdvisor. Retrieved 2023-05-21.
  22. "ChannelAdvisor Success Stories: Razer Increased Marketplace GMV by 10x in Select Regions". ChannelAdvisor. Retrieved 2023-05-21.
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