The agreement is expected to bring new customers for both companies.
In addition, ChannelAdvisor has opened a business unit in Brazil. The office will act as ChannelAdvisor’s e-commerce hub in Latin America, which will serve global retailers expanding into the region and local retailers interested in international growth.
MercadoLibre offers a range of services to sellers and buyers throughout the region including marketplace, payments, advertising and e-commerce solutions. In a region with one of the world’s fastest-growing Internet penetration rates, MercadoLibre provides buyers and sellers an online trading environment that fosters the development of a large and growing e-commerce community. MercadoLibre operates in 13 Latin American countries, including Argentina, Brazil, Mexico, Uruguay, Colombia, Venezuela, Chile, Ecuador, Peru, Portugal, Costa Rica, the Dominican Republic and Panama.
ChannelAdvisor is a software as a service (SaaS) provider which enables retailers to sell more online across multiple channels through a single interface. ChannelAdvisor’s e-commerce platform supports marketplaces such as Amazon, eBay, Newegg, Sears and Trade Me. The company’s software allows retailers and manufacturers to automate, optimise and analyze online marketing activities from one central dashboard.
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