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

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]

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

History and operations

Scot Wingo and Aris Buinevicius 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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