Monsoon Commerce Acquires Stone Edge Technologies to Grow Online Sales for Merchants
Purchase to expand shopping cart, order, and supply chain management for online sellers and retailers of all sizes
EMERYVILLE, CA—April 4, 2011—
Monsoon Commerce, Inc., the premier provider of online marketplace solutions for sellers and retailers, announced today that it has acquired Stone Edge Technologies, Inc., a leading order and customer management software company, in an all-cash transaction. Catering to a wide variety of online merchants, Stone Edge provides the advanced order management tools that merchants need. The Stone Edge tools enable merchants to integrate shopping cart, order, and supply chain management with over 50 demand-driving web properties, including web stores hosted by eBay ProStores, Magento, Miva, Volusion, 3DCart, and Yahoo! Stores.
"Monsoon Commerce drives sales growth for online merchants," said Brian Elliott, CEO of Monsoon Commerce. "With this acquisition, we provide our sellers with a truly comprehensive solution that improves their efficiency and expands their reach into more demand-generating online properties. The Stone Edge Order Manager is the perfect complement to our existing toolset."
Kanth Gopalpur, general manager of the Monsoon Commerce Seller Solutions division, stated, "Today, our solutions help sellers grow their business rapidly on marketplaces like Amazon.com and eBay." Gopalpur further explained, "In the rapidly evolving online space, Monsoon Commerce customers want richer order management options and seamless integration into more online properties. Adding the Stone Edge Order Manager to the Seller Solutions offering will provide the growing Monsoon Commerce customer base with even more opportunities to expand their own businesses and increase their sales online."
"Joining Monsoon Commerce was a natural fit for Stone Edge," said Barney Stone, president and founder of Stone Edge Technologies. "There has been a growing interest from our customers for solutions that will help increase their sales on the major online marketplaces like Amazon.com and eBay. The suite of products and services provided by Monsoon Commerce addresses this growing demand."
Stone Edge will join the Monsoon Commerce Seller Solutions division but will continue to operate out of Philadelphia and be led by Barney Stone. The Stone Edge team will remain committed to supporting its dedicated base of customers and looks forward to delivering the enhanced sales solutions this new partnership will provide.
Monsoon Commerce was advised by the law firm Wilson, Sonsini, Goodrich & Rosati. Stone Edge Technologies was advised by the law firm Narducci, Moore, Fleisher & Roeberg, LLP.
About Monsoon Commerce Solutions
Monsoon Commerce helps online sellers and retailers grow their sales through online marketplaces. The company offers the industry's most advanced—and most successful—selling solutions and tools for retailers and merchants. Monsoon Commerce works with over 20,000 online sellers, helping them generate sales through more than two dozen online marketplaces like Amazon.com, eBay, and Buy.com. The company also helps leading retailers leverage the power of marketplaces to grow their sales. Learn more at www.monsooncommerce.com.
About Stone Edge
The Stone Edge Order Manager is the leading order, inventory, and customer management system for e-commerce companies. Stone Edge Technologies, Inc. has been producing the Order Manager since 2000. Over 2,500 merchants, comprising web, POS, and catalog merchants, and including about a dozen of the Internet Retailer Top 500, have chosen the Stone Edge Order Manager. The Order Manager is compatible with over 50 internet shopping carts and other sales channels. Learn more at www.stoneedge.com.
For Monsoon Commerce Solutions: firstname.lastname@example.org