CHICAGO--(BUSINESS WIRE)--
Groupon (http://www.groupon.com)
(NASDAQ: GRPN) announced today it has acquired CommerceInterface (http://www.commerceinterface.com),
a leading provider of web-based channel management technology that helps
manufacturers, distributors and retailers succeed at managing their
businesses and selling online. Terms of the deal were not disclosed.
Groupon has used CommerceInterface technology since April 2012 to
streamline operations of the growing Groupon Goods platform and automate
interactions with thousands of existing vendors. The acquisition enables
Groupon to leverage infrastructure provided by CommerceInterface to
support and optimize the Groupon Goods business around the world in 2013.
"CommerceInterface has proven to be an important piece of Groupon Goods
infrastructure in the U.S., quickly and reliably streamlining the
execution of orders and other vendor interactions," said Faisal Masud,
head of Groupon Goods. "We look forward to enhancing our abilities to
better support merchants overseas beginning early next year."
CommerceInterface will no longer service other retail channels and
current customers will have the option to transition to other vendors
over the next six months with migration support from the company.
In Q3 2012, Groupon Goods reached an annual run rate of nearly $1.5
billion in global billings. A wide variety of high quality inventory is
featured, from diamond jewelry and designer sunglasses to mattresses,
computer tablets, 3D HD televisions and the giant radio-controlled
flying shark. New items are added every day of the week and often sell
out. To find the perfect holiday gift or subscribe for email updates,
visit http://www.groupon.com/goods.
About Groupon
Groupon
(NASDAQ: GRPN) is a global leader in local commerce, making it easy for
people around the world to search and discover great businesses at
unbeatable prices. Groupon is reinventing the traditional small business
world by providing merchants with a suite of products and services,
including customizable deal campaigns, credit
card payments processing capabilities and point-of-sale
solutions to help them attract more customers and run their
operations more effectively. By leveraging the company's global
relationships and scale, Groupon offers consumers incredible deals on
the best stuff to eat, see, do, and buy in 48 countries. With Groupon,
shoppers discover the best a city has to offer with Groupon
Local, enjoy vacations with Groupon
Getaways, and find a curated selection of electronics, fashion, home
furnishings and more with Groupon
Goods. To subscribe to Groupon emails, visit www.Groupon.com.
To learn more about the company's merchant
solutions and how to work
with Groupon, visit www.GrouponWorks.com.
Forward-Looking Statements
This announcement contains forward-looking statements that involve risks
and uncertainties, and actual results could differ materially from those
discussed. Factors that could cause or contribute to such differences
include, but are not limited to, the factors included under the headings
''Risk Factors'' and ''Management's Discussion and Analysis of Financial
Condition and Results of Operations'' in the company's Annual Report on
Form 10-K for the year ended December 31, 2011 and subsequently filed
quarterly reports filed with the Securities and Exchange Commission,
copies of which may be obtained by visiting the company's Investor
Relations web site at http://investor.groupon.com
or the SEC's web site at (www.sec.gov).
You should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee that
the future results, levels of activity, performance or events and
circumstances reflected in the forward-looking statements will be
achieved or occur. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of the forward-looking
statements. We undertake no obligation to update publicly any
forward-looking statements for any reason after the date of this press
release to conform these statements to actual results or to changes in
our expectations.
Press Contact:
Groupon
Nick Halliwell
312-999-3806
nhalliwell@groupon.com
Source: Groupon
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