Research Triangle Park — Get ready, South Korea. ChannelAdvisor has just signed up to make your e-commerce shopping experience a whole lot easier.
The leading provider of cloud-based e-commerce solutions based in Morrisville, has announced a new strategic partnership with Interpark Holdings Corporation, a premier e-commerce marketplace based in Seoul.
As part of the deal, both companies have teamed up to integrate their services, helping brands and retailers “create an optimal online shopping experience for their customers while expanding their global presence in South Korea”.
“The strategic partnership with Interpark creates a leading-edge opportunity for brands and retailers with the potential to significantly expand their presence in South Korea,”ChannelAdvisor’s vice president of Global Business Development Paul Colucci said in a statement.
“It combines ChannelAdvisor’s innovative platform with Interpark’s robust marketplace, enabling millions of new consumers to connect with sellers eager to accelerate their sales through a seamless shopping experience. We’re excited to take this next step in our global expansion with Interpark as a strategic partner.”
Through ChannelAdvisor, brands and retailers have access to more than 111 marketplaces as well as a comprehensive suite of analysis and advertising tools to help them build an effective e-commerce strategy.
“As the first e-commerce shopping platform in Korea, Interpark is thrilled to connect our 28 million members with a trusted partner like ChannelAdvisor,” said Tae Shin Lee, CSO of Interpark, in a statement.
“We’ve built a successful online marketplace through our Cross Border Trading program for U.S. sellers, which includes logistics, customer service, and translation. Our platform and business model align perfectly with ChannelAdvisor’s ability to manage complex data sets for U.S.-based brands and retailers, helping them to excel in the Korean market. With 30,000 active sellers on our marketplace today, we’re looking forward to great opportunities in the upcoming years of our strategic partnership.”
It seems like ChannelAdvisor is going from strength to strength. Earlier this month, it was reported that company’s third-quarter earnings exceeded expectations for the third consecutive quarter.
Ending Sept. 30, 2018, the company’s third-quarter revenue was $32.3 million, showing a 7.4 percent increase from last year’s third quarter. This exceeds the company’s expectation by nearly 3 percent.
ChannelAdvisor is a provider of cloud-based e-commerce solutions that works to increase sales worldwide for companies and brands including Clarks, KitchenAid, Timex, Target and more.
