|By Business Wire||
|May 28, 2014 07:30 AM EDT||
Ecwid, the only e-commerce solution that lets retailers add an online store to any web platform and to multiple online sites simultaneously, announces it has closed its Series B investment, which will be used to accelerate its rapid growth which has surpassed 500,000 registered merchants worldwide.
The $5 million funding was led by iTech Capital with participation from Runa Capital, which provided Ecwid’s Series A funding. Ecwid will utilize the Series B funds to extend its mobile and social commerce product leadership, further expand its global distribution partner network and grow its sales and marketing teams. Ecwid also will help small- to medium-sized (SMB) merchants get online and synchronize their offline and online commerce by tightly integrating e-commerce with their point-of-sale systems.
Ecwid, used by SMB merchants in 175 countries and in 45 languages, stands apart from other e-commerce solutions because it 1) plugs seamlessly into any web presence, 2) enables retailers to add robust e-commerce without limiting their choice of web platform or forcing them to abandon their current website, and 3) lets merchants operate multiple online stores on multiple sites simultaneously from a single control panel. With Ecwid, merchants are not locked into a single website and can easily create stores on any CMS (e.g., WordPress, Joomla, Drupal), sitebuilder (e.g., Yola, Wix, 1&1, Go Daddy), social media or blog.
Ecwid is Facebook’s most popular store builder app, with over 300,000 monthly active users. In addition, Ecwid features mobile responsive design, so stores adapt dynamically to any customer device (e.g., smartphone, tablet, game console, smart TV) regardless of screen size.
“Ecwid is popular because it is a true sell-anywhere storefront with universal integration on any online platform. This is a reason it has had stellar growth and profitability with a first round funding of just $1.5 million,” says Gleb Davidyuk, managing partner of iTech Capital. “Ecwid’s market of small business merchants also is where the e-commerce growth of the next decade will be found. There are millions of sites built with Wordpress, Wix, Squarespace, Weebly and Yola that now can embed a full-featured store in minutes. This is a great business opportunity, a great management team and much potential growth for our shareholders.”
Mr. Davidyuk has now joined the Ecwid, Inc. board of directors.
“Ecwid goes along with the software ecosystem, rather than fights against it, and can be used by merchants without IT support,” comments Dmitry Chikhachev, Runa Capital managing partner. “Ecwid’s architecture also is so advanced and ‘light’ it pioneered social commerce, a first step in the distributed commerce trend: where multiple, synchronized online and offline storefronts are possible for merchants of any size.”
“My quest to democratize e-commerce started in 2000 when I founded X-Cart, the first PHP e-commerce platform. Online store builders have not changed much since then, using the same ‘dedicated e-commerce site’ approach,” comments Ruslan Fazlyev, founder and CEO of Ecwid. “But Ecwid was engineered to be a game changer, making it possible to add a full-featured store to any existing web site, while preserving its design. It is exciting to see this vision come to fruition, and with strong partners like iTech and Runa, we look forward to accelerating our growth and continuing to improve our product.”
"Ecwid began as a way to let merchants sell from any website they prefer, without having to abandon their investment in an existing site or be locked into a dedicated e-commerce website. We used our first funding round to deliver this choice and flexibility to small businesses, and also to bring them rich functionality for mobile and social commerce,” said Jim O’Hara, president of Ecwid. “This new round of funding allows us to help merchants converge their offline and online sales through our POS and mobile POS integration, so they can sell their products anywhere at any time, offline or online and from any device. We also will extend the rapid growth of our network of site-builder, CMS, hosting and payments partners globally."
About Ecwid: Ecwid is a full-featured, cloud-based e-commerce platform that allows SMBs to create professional online stores and embed them into any existing web, mobile, or social site in minutes, and operate multiple online stores with point-of-sale integration simultaneously. Ecwid, available directly or through trusted partners, has 500,000 registered merchants in 175 countries, and is available in 45 languages. A free plan is available. The Ecwid Facebook app is the leading shopping cart application on Facebook, used by more than 300,000 monthly active users. For more info, visit http://www.ecwid.com/.
About iTech Capital: iTech Capital is a global Private Equity & Venture Capital firm focused on investments in digital economy companies around the world. Its pioneer fund, iTech Fund I, LP was established in 2011 and is supported by iTech Advisors Limited investment team, which provides advisory and supervisory services over its Russian assets to the Fund. The iTech Fund I, LP portfolio is comprised of equity injections in IT companies operating in Russia, Asia and Europe. The iTech Capital investment team’s global expertise fosters long-term capital growth in IT, Web, E-Processing and New Media related projects. For more info, visit http://itcap.ru/.
About Runa Capital: Runa Capital is a $135M venture capital firm established to seek investment opportunities in the rapidly growing areas of the tech sector, with specific focus on cloud computing and other hosted services, virtualization and mobile applications. Partners and fund investors have experience in creating/developing global companies with assets worth more than $10 billion. Runa Capital’s investments announced to date include: NGINX, Jelastic, Ecwid, Zopa, Acumatica, Infratel, drchrono, Wallarm and others. For more info, visit www.runacap.com.
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...
Nov. 20, 2014 09:00 PM EST Reads: 810
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Nov. 20, 2014 09:00 PM EST Reads: 1,008
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 20, 2014 09:00 PM EST Reads: 744
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...
Nov. 20, 2014 07:00 PM EST Reads: 831
Infor has announced a new feature Infor CloudSuite™ Aerospace & Defense (A&D) to aid compliance with International Traffic in Arms Regulations (ITAR). The ITAR function will serve as a complementary function for new or existing Infor CloudSuite A&D customers, to facilitate compliance for Infor customers that are creating a US defense article or performing a US defense service and wish to benefit from cloud-services. The ITAR regulation serves to manage handling and access requirements for dat...
Nov. 20, 2014 07:00 PM EST Reads: 1,085
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 20, 2014 04:45 PM EST Reads: 577
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
Nov. 20, 2014 01:00 PM EST Reads: 1,281
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
Nov. 20, 2014 12:30 PM EST Reads: 1,589
Cochlear Limited, the global leader in implantable hearing solutions, has selected AppZero for easy migration of its Microsoft Windows Server 2003 applications, a major priority for IT organizations before Microsoft ends support on July 14, 2015. AppZero software enables server application migration from old operating systems to new platforms or clouds and has been proven to be ten times faster, more reliable and efficient than alternative approaches.
Nov. 20, 2014 10:24 AM EST Reads: 581
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
Nov. 20, 2014 07:30 AM EST Reads: 1,158
SYS-CON Media announced today the IBM, which offers the world’s deepest portfolio of technologies and expertise that are transforming the future of work, has launched ad campaigns on SYS-CON’s numerous online magazines such as Cloud Computing Journal, DevOps Journal, Virtualization Journal, and IoT Journal. IBM's campaigns focus on application testing, improving application development processes, common challenges in testing composite applications, continuous testing as part of the DevOps lifec...
Nov. 19, 2014 08:15 PM EST Reads: 1,323
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility. Internet connectivity has always played a role in customer access to web presence, but in the past few years u...
Nov. 19, 2014 02:03 PM EST Reads: 743
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
Nov. 18, 2014 11:00 PM EST Reads: 1,767
As cloud gives an opportunity to businesses to buy services externally – how is cloud impacting your customers? In his General Session at 15th Cloud Expo, Fabio Gori, Director of Worldwide Cloud Marketing at Cisco, provided answers to big questions: Do you see hybrid cloud as where the world is going? What benefits does it bring? And how does Cisco connect all of these clouds? He also discussed Intercloud and Cisco’s investment on it.
Nov. 18, 2014 09:00 PM EST Reads: 1,383
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...
Nov. 18, 2014 08:30 PM EST Reads: 1,215
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
Nov. 18, 2014 08:15 PM EST Reads: 1,396
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
Nov. 18, 2014 08:15 PM EST Reads: 1,327
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Nov. 18, 2014 01:30 PM EST Reads: 1,920
Agility is top of mind for Cloud/Service providers and Enterprises alike. Policy Driven Data Center provides a policy model for application deployment by decoupling application needs from the underlying infrastructure primitives. In his session at 15th Cloud Expo, David Klebanov, a Technical Solutions Architect with Cisco Systems, discussed how it differentiates from the software-defined top-down control by offering a declarative approach to allow faster and simpler application deployment. Davi...
Nov. 17, 2014 07:00 AM EST Reads: 1,696