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Ecommerce Acquistions and Mergers

Ecommerce Solution Leader Rakuten Acquires Kobo

November 10, 2011 By the ZippyCart Content Team Japanese ecommerce solution giant Rakuten will be acquiring the Canadian ereading service Kobo from majority shareholder and founder of the service Indigo. Indigo is Canada’s largest book retailer and founded Kobo in 2009 to compete with Amazon’s and Barnes & Noble’s ereaders. The Kobo ereading platform has a catalog of more than two ... Read More »

Open Source Ecommerce Solution Raises $1.5M in Seed Funding

October 11, 2011 By the ZippyCart Content Team Popular open source ecommerce solution, Spree, announced yesterday it has officially become incorporated as Spree Commerce Inc. This announcement comes after Spree’s raising of $1.5 million in a seed-funding round led by True Ventures. Other participants in the round include AOL Ventures and Sean Glass. Spree commerce, created 4 years ago, is ... Read More »

Rearden Commerce Packs an Ecommerce Punch with $133M Funding

September 22, 2011 By The ZippyCart Content Team Ecommerce software provider Rearden Commerce has locked in $133 million in a giant round of funding from existing investors American Express and JPMorgan Chase, as well as from new investor Citi. The fresh capital will be used toward “high-growth initiatives” for both the company and its current ecommerce software platform, Deem, while ... Read More »

Founder Of GSI Commerce Launches New Ecommerce Solution

September 14, 2011 By the ZippyCart Content Team Michael G. Rubin, founder of GSI Commerce, announced the launch of his new holding company Kynetic Monday. The ecommerce solution entrepreneur’s launch of Kynetic comes after he sold GSI Commerce to eBay this year for $2.4 billion. Rubin spent 12 years building up GSI’s network to service 150 of the top 500 ... Read More »

Wal-Mart Invests in Chinese Ecommerce Solution

August 30, 2011 By the ZippyCart Content Team Wal-Mart, the largest retailer in the nation, announced its most recent investment in Yihaodian, an ecommerce company based in China, with the goal  of acquiring a minority stake in the company. The terms of the deal were not immediately available. China boasts the world’s fastest growing economy, and Wal-Mart hopes that its ... Read More »

Group Commerce Acquires Geo-Location Startup Socialight

August 24, 2011 By the ZippyCart Content Team Group Commerce, a New York based company that offers turn-key solutions for companies looking to offer their own daily deals, has acquired geo-location start-up Socialight. The Socialight team and technology will be put toward developing Group Commerce’s mobile strategy, Group Commerce CEO Jonty Kelt and Socialight founder Dan Melinger said. Terms of ... Read More »

Deem Travel Is First-in-Class Ecommerce Software Hybrid

August 23, 2011 By the ZippyCart Content Team There are a ton of ecommerce software platforms out there determined to try to get you the best deal, save you some money, and of course, convince you to spend your money with them instead of anywhere else. From Priceline to Travelocity to Kayak and now even Groupon in getting into the ... Read More »

Sweet Deal: Digital Chocolate Acquires Sandlot Games

August 17, 2011 By the ZippyCart Content Team In a news story seemingly designed to make you go out and put something suitably sweet and bad-for-you into your shopping cart, Digital Chocolate has acquired Sandlot games (developers of “Cake Mania”). It’s a deal that crosses both state lines and international borders. Sandlot games was founded in 2002 by Russian immigrant ... Read More »

Ebay Officially Acquires Zong

August 15, 2011 By the ZippyCart Content Team The ecommerce solution Ebay has officially bought Zong, a startup that allows mobile payments to go directly to mobile carrier billing statements.  Ebay is looking to have Zong compliment its subsidiary, PayPal, seeing as how Zong has connections with over 250 mobile network operations worldwide in 45 countries and 21 languages.  These ... Read More »

ECommerce Solution ValueClick Reports High Profits, Buys Dotomi

August 4, 2011 By the ZippyCart Content Team ValueClick, the ecommerce solution that connect advertisers with websites, posted profit growth of 42% and beat estimates from analysts. Net income for the company rose to $17 million (representing an earnings per share of 21 cents per share) for Q2. Revenue rose 26 percent to $125.1 million, from $99.6 million a year ... Read More »