GSI Commerce, a provider of eCommerce and interactive marketing offerings, said that it has acquired VendorNet, a Florida based multichannel e-commerce supply chain solutions provider, in a move to expand its eCommerce offerings.
The company said that the acquisition expands its capability to leverage local-store inventory to enable cost-effective same- and next-day delivery direct to consumers, and strengthens GSI position as a provider of multichannel e-commerce solutions.
VendorNet offers retailers a suite of on-demand or licensed supply chain management products that enable real-time collaboration between multiple potential fulfillment channels, including drop ship networks, distribution centres, retail stores and other inventory locations.
In addition VendorNet provides client-support services to ensure integration with client systems and operations. Services include, customised implementation and project management support, 24/7 technical support, module upgrades, and a series of web-based training sessions and interactive webinars. VendorNet will operate as a wholly owned subsidiary of GSI.
Jim MacIntyre, chief of e-commerce technology at GSI, said: “VendorNet perfectly complements GSI strategic objectives and provides solutions that could reshape e-commerce for both retailers and consumers.
“Retailers today are consistently challenged to manage distributed inventory, achieve full data visibility across channels and deliver merchandise to consumers more rapidly. VendorNet unique solutions provide retailers the insight and tools they need to streamline their multichannel efforts and drive operational efficiencies in a way we have yet to otherwise see in the industry.”
