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| [September 20, 2018] |
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Fast Growing API-Based Commerce Platform Vendor commercetools Invests $17 million in International Growth and Development
commercetools, a global leader in next generation commerce software, is
one of the fastest growing commerce platforms in the industry. To
further fuel the company's growth, commercetools is investing $17
million in expansion in the Asia-Pacific region, as well as in the
United Kingdom, the Benelux, Scandinavia, and North America. Global
services expansion as well as the development and enhancement of the
company's technology are the two primary investment goals. As such,
commercetools is further expanding its support and operational services
to support customers and partners worldwide. New offices are planned for
London and Singapore.
Global presence and focus on innovation
"We have been rated 'Visionary' in the Gartner (News - Alert) 2018 Magic Quadrant for
Digital Commerce Platforms," says Dirk Hoerig, CEO of commercetools. "We
do not want to rest on these laurels. Since the founding of
commercetools in 2006, our team and our partners have been working
passionately on making e-commerce as simple and flexible as possible for
our customers - in a rapidly evolving market. This investment will allow
us to enable more partners and support our global enterprise customers."1
Global analyst firm Forrester (News - Alert) also recognized commercetools reently,
naming the company a "Contender" in the Forrester Wave: B2C Commerce
Suites, Q3 2018. In the report, Forrester gave commercetools the highest
possible scores in the platform architecture, product vision and road
map, and delivery model criteria. According to the report, "The platform
is ideal for those planning to take a 'strangle and replace' approach to
migrating off a legacy platform. Its true value is to those who want to
deliver the next generation of commerce experiences."2
Parent company REWE Group is proud of the development of the company.
"commercetools aims to become the market leader in cloud-based eCommerce
software for modern retail companies," explains Jan Kunath, Deputy
Chairman of the Executive Board of the REWE Group. "We support them and
rely on the technology of commercetools regarding the further
development of our own e-commerce offerings."
About commercetools
commercetools is a next-generation software technology company that
offers a true cloud commerce platform, providing the building blocks for
the new digital commerce age. Our leading-edge API approach helps
retailers create brand value by empowering commerce teams to design
unique and engaging digital commerce experiences everywhere - today and
in the future. Our agile, componentized architecture improves
profitability by significantly reducing development time and resources
required to migrate to modern commerce technology and meet new customer
demands. It is the perfect starting point for customized microservices.
Visit www.commercetools.com
for more information.
1 Gartner, "Magic Quadrant for Digital Commerce," Penny
Gillespie, Jason Daigler, et al., 5 June 2018
2 The
Forrester Wave™: B2C Commerce Suites for Q3, 2018; Forrester Research (News - Alert),
Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180920005243/en/
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