Scaleworks, a San Antonio-based venture finance and equity firm, has bought internal build search provider SearchSpring. The acquisition will present SearchSpring with resources and funding to scale its internal search offerings while rising its merchandising capabilities.
What’s SearchSpring? Founded in Denver, CO in 2007, SearchSpring specializes in supplying search, navigation and merchandising technology to issue-to-particular person companies and web sites. Their clients consist of brands treasure Bethesda Game Studios, Volcom, Bikini.com and Moen. SearchSpring’s merchandise combine with valuable e-commerce platforms such as Shopify Plus, Magento, Miva and BigCommerce.
More on the acquisition. Operated independently as a bootstrapped company until correct now not too long ago, SearchSpring is Scaleworks’ first venture into e-commerce. As piece of the acquisition, Peter Messana, ragged COO of GroupBy, will replace SearchSpring founder Gareth Dismore as CEO.
A press release by SearchSpring states that the acquisition can assist clutch the company’s Relevancy Platform, which permits merchants to manipulate and automate how merchandise imprint across their total build, to more brands and retailers.
Why we must the least bit times care. This year, e-commerce gross sales are projected to develop 15.1% (to $605.3 billion) within the U.S. on my own and D2C brands treasure Bonobos, Warby Parker and Brandless are gaining traction with patrons. Which on-line retailers can be in a collection aside to capitalize on these trends could be certain by their user journey and the diagram neatly their web sites feature on the assist stay. Scaleworks’ acquisition of SearchSpring could support build and present the tools valuable for e-commerce brands to face challenges on every facet.