ChannelAdvisor Expands Relationship With IBM; Channel Proves Effective in Driving New Customers to IBM.Business Editors NetWorld+Interop 2002 Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--May 7, 2002 ChannelAdvisor Corporation, the leading provider of enterprise marketplace management solutions, today announced that they have renewed a marketplace agreement with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) through 2003. In addition, ChannelAdvisor is expanding its technology and services into other divisions of IBM. For the past year, the world's top provider of computer hardware, IBM has used ChannelAdvisor's comprehensive marketplace management services to sell end-of-life excess inventory from the Personal Consumer Division (PCD PCD polycystic disease. ) to the 41 million buyers on the eBay (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EBAY) marketplace. This move has allowed IBM to reach many new customers. In fact, 80 percent of customers buying from IBM via these auction marketplaces are new customers for IBM. ChannelAdvisor manages all the details of devising strategies and tactics, preparing and posting inventory, handling buyer inquiries, creating promotions and providing analysis for IBM's complete US business. In a few months, IBM became one of the top 10 sellers on eBay with ChannelAdvisor's expertise and leading edge technology. "ChannelAdvisor has helped IBM gain a strong competitive advantage as we continue to extend and grow our online business," says Paul Canham, Program Executive, Worldwide IBM Auction Sales. "ChannelAdvisor's technology platform allows us to build a scalable solution that meets our needs at every stage of our marketplace strategy." ChannelAdvisor has expanded IBM's auction business to multiple consumer marketplaces including Yahoo!, CNet and uBid due to the growing success of IBM sales on eBay. ChannelAdvisor's technology platform is integrated with each of these consumer marketplaces so IBM was able to successfully migrate to the new marketplaces in record time. Recently, ChannelAdvisor has expanded its technology and services into other IBM divisions. "We are pleased that we were able to extend our agreement with IBM," says Scot Wingo, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of ChannelAdvisor Corporation. "We will continue to work with IBM to manage their auction sales and deliver a complete marketplace management solution for IBM." To view IBM's auction listings on eBay search by seller for IBM or visit http://members.ebay.com/aboutme/ibm/ and http://members.ebay.com/aboutme/ibm_global_financing/. If you would like to meet ChannelAdvisor at Networld + Interop in Las Vegas May 7-10th or at PC Expo A trade show for resellers, corporate managers and technical professionals from CMP Media LLC, a subsidiary of United Business Media. First held in New York in 1983 with 120 exhibitors and 9,600 attendees, the show grew from the personal computer's early years to 550 vendors and more than in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of June 25-27th to discuss how we can increase your sales via consumer online marketplaces please contact Ashley Trotter at 919-465-3541 or by e-mail at ashleyt@channeladvisor.com. About ChannelAdvisor Corporation ChannelAdvisor provides technology and services that enable industry-leading companies to use online marketplaces to acquire customers and maximize inventory yield. Our solutions combine best practices, innovative software applications and integration technology to dramatically accelerate marketplace performance. ChannelAdvisor's customers and strategic alliances include IBM, Handspring, Ingram Micro Ingram Micro, Inc. NYSE: IM a Fortune 100 company founded in 1979 and based in Santa Ana, California. It is the world’s largest technology distributor and a leading technology sales, marketing and logistics company. , West Marine, Omaha Steaks, eBay, Yahoo! and Amazon Auctions. ChannelAdvisor recently completed a round of funding from several prominent investors including Genesis Venture Partners (GVP GVP Genesys Voice Platform GVP General Voters Party (Fiji) GVP Gasoline Vapor Pressure GVP Global Vision for Peace GVP Global Visualization Process ), Southern Capitol Ventures, Tri-state Investment Group, The Atlantis Group and eBay. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC. For more information visit http://channeladvisor.com/. |
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