ChannelAdvisor Responds to Marketworks Litigation; Marketworks Files Lawsuit against Market Leader.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. -- ChannelAdvisor, the leading provider of Channel Management Solutions (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ), today learned a complaint has been filed against it in Fulton County
Recently, many high profile and high volume eBay sellers upgraded from the Marketworks system to ChannelAdvisor's Merchant offering. "At ChannelAdvisor we prefer to compete in the marketplace instead of the courtroom," said Scot Wingo, the 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. . "We are somewhat mystified mys·ti·fy tr.v. mys·ti·fied, mys·ti·fy·ing, mys·ti·fies 1. To confuse or puzzle mentally. See Synonyms at puzzle. 2. To make obscure or mysterious. by this case, which appears to have no relationship to our Company. This case is completely without merit. ChannelAdvisor plans to vigorously defend against the allegations and pursue all remedies available, including sanctions for frivolous litigation Frivolous litigation is a legal claim or defense presented even though the party and the party's legal counsel had reason to know that the claim or defense had no merit. A claim or defense may be frivolous because it had no underlying justification in fact, or because it was not ." AuctionRover.com is a company that in 2000 was merged into GoTo.com/Overture Services (which was subsequently purchased by Yahoo!); it has no corporate relationship to ChannelAdvisor. About ChannelAdvisor Corporation ChannelAdvisor Corporation provides technology and services that enable industry-leading retailers and manufactures to sell their products across multiple online marketplaces such as eBay, Amazon.com, Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Froogle and search engines such as Google and Yahoo! ChannelAdvisor processes over $100m/month (greater than $1.2B/yr) in gross merchandise volume Gross Merchandise Volume or GMV is a term used in online retailing to indicate a total sales dollar amount for merchandise sold through a particular marketplace over a certain time frame. Popular auction sites like eBay and Overstock. on behalf of its customers. ChannelAdvisor solutions combine best practices, innovative software applications and integration technology to dramatically accelerate online channel sales. ChannelAdvisor's customers include Nokia, Sears and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Seattle, the United Kingdom and Germany. For more information, visit http://www.channeladvisor.com/. |
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