Tuesday, December 12, 2017

VTEX ANNOUNCES PURCHASE of XTECH COMMERCE by R $14 million and consolidates the largest E-Commerce SOLUTION for SME's

With the acquisition, Xtech and Integrated Store shall compose the Division of Small and Medium Business of the Group
São Paulo, December 2017-VTEX ENGINE, the main Latin American multinational cloud commerce, featured Gartner Magic Quadrant, announces during 2017, VPS ecosystem Vtex global event that brings together about 1000 people in Brazil, from the purchase of Xtech Commerce startup e-commerce platform for SME's, by $14 million. The objective of the acquisition is to unify, together with the Integrated Store, the Small and Medium Business Division of VTEX in a global presence. From now on, Alfredo Soares becomes Co-Head of the company's Global SMB alongside partner also, Breno Nogueira.
"Our company serves 30 percent of the most valuable companies in the world, but understands that the long tail is critical for the ecosystem of virtual stores. Our main goal with the Union is to create the best solution in the world for small and medium-sized retailers and Xtech possesses both the team and the culture that we seek, "says Mariano Gomide Faria, founder and Co-CEO of Vtex.
With the merger of Xtech with Integrated Shop, the SMB Division of VTEX passes the count with more than 26000 active shops, which together Transact about one billion dollars a year.
The goal of the merger is, in addition to the consolidation of the VTEX, enlarge the omnichannel solution offer for small and medium-sized enterprises in Latin America and, as a result, American and European markets. Currently, the VTEX already serves brands such as Walmart, Disney, Apothecary, Coca-Cola and Avon, and other shops across 27 countries 2000.
"We feel very honored to be acquired by one of the biggest global players in this segment, as it proves the quality work we are doing together with our team in the last three years. We went through many difficulties, and I'm proud to say that even without financial help from investors, we can revolutionize the market of virtual stores SME's, and be one of the few successful companies from the technology sector that has not received capital. Now the challenge is to unify the supply for this type of business on a global scale. "says Alfredo Soares, Head of the company's Global SMB and ex CEO of Xtech Commerce.
The Xtech Commerce grew 200% in 2017 and currently has more than 45000 created shops, which together are responsible for annual revenues above R $200 million. The mark began its operations creating 35 shops and today it's 160 e-commerce being opened daily by the platform. The company's goal for next year is to maintain the accelerated growth, investing in product and begin the process of internationalization.
About Xtech Commerce
The Xtech Commerce is an e-commerce platform smart and allows the retailer to work, multichannel strategies that allow you to take care of your intelligence 360 virtual store. Currently has over 45000 shops opened and which together are responsible for annual revenues above R $200 million. The startup provides operation and optimized integration for product announcements with major marketplaces of the market, such as Free Market, Walmart, B2W (American, Shoptime and Submarine) and CNova (Extra.com, Ponto Frio and Casas Bahia), in addition to marketing tools native to post-sales actions automation. In 2016, was winner of the 5th Edition of the eAwards Braspag 2016 Award, in the category "Best Sales ecosystem", and in 2017 as "technology professional of the year" at the seventh edition of the E-Commerce Award Brazil 2017.
About VTEX
The VTEX is the real Cloud Commerce ™ Platform in the digital retail market with automatic scale elastic infrastructure that increases conversion rates, decrease operating costs and generates customer loyalty with consumers. Using your exclusive patented Smartcheckout ™, a secure and intuitive tool without obligation of creating password during the process, the VTEX is the best option for the digital retail. Companies that use VTEX observe on average 54% conversion increase and significant reduction in abandonment of shopping carts. VTEX platform is used by over 2,000 stores in 27 countries and has global corporate clients like Sony, Disney, Walmart, Danone, Whirlpool, Coca-Cola, Lancôme, AVON and LEGO. VTEX is a company present at Gartner Magic Quadrant report Digital trade 2017. VTEX is an end-to-end platform, fully adaptable, omnichannel that keeps the pace at the same pace of the evolution of the customers ' expectations. Visit http://www.vtex.com/pt. meet our blog to learn more how to increase your sales. Follow us also on Twitter @VTEXTrueCloud.

About the Integrated Shop
The Integrated Store (www.lojaintegrada.com.br) is a platform that provides features for creating virtual stores. With more than 500,000 stores created, the company became one of the largest free platforms of Latin America and the most popular of Brazil. It's more than 8 million products sold and revenues of almost 500 million reais. In 2017 the company received one of the most renowned e-commerce Awards-14th edition of the award and was named the Ebit best virtual platform for small entrepreneurs from Brazil. The platform, which has about 500 new stores created daily, offers resources to make the dream of undertaking on the internet possible for anyone, the initial cost zero and practically to the micro and small entrepreneurs.
Misasi - 12/12/2017 News Item translated automatically
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