Vendor buys Venda
Written by Scott Thompson
17/07/2014
US-based NetSuite has acquired UK outfit Venda for an undisclosed amount.
The cloud-based digital commerce solutions provider’s customers include Tesco’s F&F, BooHoo.com and Cloggs. NetSuite says that the acquisition builds on the momentum of its SuiteCommerce solution and supports its business expansion into the European market.
"Venda pioneered the concept of bringing commerce to the cloud and their expertise in supporting the needs of companies throughout Europe is a perfect match for NetSuite as our customers begin to adopt our SuiteCommerce omnichannel platform around the globe,” says Zach Nelson, NetSuite CEO. “By combining their deep customer insight and years of experience delivering a real-time, scalable commerce platform with NetSuite’s cloud leadership, we can bring new capabilities to B2B and B2C companies of all sizes and transform how they run their businesses.”
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