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GSI acquires VendorNet

11 May '10
4 min read

In addition to these products, Commerce Suite offers a series of add-on solutions designed to improve workflow and more efficiently manage inventory, returns, events and products. VendorNet also provides client-support services to ensure smooth integration with client systems and operations. Services include customized implementation and project management support, 24/7 technical support, module upgrades, and a series of Web-based training sessions and interactive webinars.

VendorNet sells its products on both a licensed and hosted basis, and its multiple offerings can be purchased as a suite of products or modularly, allowing for maximum flexibility. Under GSI, its offerings will also be integrated as part of GSI's e-commerce solutions.

“VendorNet perfectly complements GSI's strategic objectives and provides solutions that could reshape e-commerce for both retailers and consumers,” said Jim MacIntyre, chief of e-commerce technology at GSI. “Retailers today are consistently challenged to manage distributed inventory, achieve full data visibility across channels and deliver merchandise to consumers more rapidly. VendorNet's unique solutions provide retailers the insight and tools they need to streamline their multichannel efforts and drive operational efficiencies in a way we have yet to otherwise see in the industry.

“Multichannel expertise is an increasingly critical part of retail growth strategies,” continued MacIntyre. “Real-time, cross-channel inventory management should be a part of this strategy and should respond to growing consumer demand for quick product delivery. This acquisition centrally positions GSI to help our clients address these needs head on with proven solutions that nicely enhance our existing offerings and can propel our clients to the forefront of the industry by enabling affordable same-day and next-day delivery services.”

“VendorNet has been dedicated to optimizing critical aspects of e-commerce. Partnering with GSI at this stage in our development will enable us to reach a broader segment of the e-commerce market and will benefit GSI's clients by expanding their multichannel capabilities and increasing their efficiency,” said Sharon Gardner, president of VendorNet. “This is a win-win pairing for our companies and for retailers looking to capitalize on technologies that drive sales while increasing customer satisfaction.”

VendorNet will operate as a wholly owned subsidiary of GSI. Terms of the deal were not disclosed.

GSI Commerce Inc

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