ATLANTA, Oct. 01, 2015 (GLOBE NEWSWIRE) -- Ally Commerce, an e-commerce technology company, today announced it has received Series B funding from the UPS Strategic Enterprise Fund, the strategic investment arm of UPS (NYSE:UPS). This brings the total funding from all investors of Ally Commerce to $8.4 million.
“Ally Commerce has built a turnkey solution that handles all aspects of an e-commerce operation and delivers significantly better results to brand manufacturers that are selling direct-to-consumer online,” said Jason Rubottom, CEO of Ally Commerce. “The percentage of manufacturers selling direct is growing at 71 percent a year*. This recently became the fastest growing segment in e-commerce."
“UPS invested because the technology that Ally Commerce has developed has the potential to significantly impact e-commerce results for customers in several markets,” said Alan Gershenhorn, UPS executive vice president and chief commercial officer. “The UPS Strategic Enterprise Fund continues to invest in innovative companies that are evolving business models and creating new technologies and revenue streams.”
One of Ally Commerce’s clients is D-Link, a global leader in the manufacturing of computer networking products such as routers, home security cameras, and connected home products. “Last year we switched away from a different company to partner with Ally Commerce on our direct-to-consumer business,” said Andy Lee, D-Link head of e-commerce. “In just one year, Ally grew our revenue by 125 percent, grew our profit by 254 percent, and reduced our total cost of ownership by 72 percent. We anticipate that we will double revenue and profit again in the next year with Ally. I've been amazed by what Ally’s technology does to enable this growth."
Ally Commerce has grown quickly in just two years because of its technology and core expertise in e-commerce solutions for brands. Presently, more than 50 percent of brand manufacturers outsource their e-commerce business because they lack the capabilities and expertise. Ally Commerce serves as a strategic partner to brand manufacturers by providing a digital storefront operation that realizes significant revenue results almost immediately and requires no technology integration.
*-Source: Economist Intelligence Unit Survey in “Going Direct: The Journey from Wholesale Brand to Direct-to-Consumer Retailer” by Kurt Salmon
About Ally Commerce: Founded in 2013, Ally Commerce works directly with brand manufacturers who are considering or already are selling direct to consumers online. Ally Commerce offers a full suite of e-commerce solutions including: the full technology platform, site creation, inventory management, fulfillment, customer service, returns management, refurbishment, and marketing. With Ally Commerce, a brand manufacturer can be in operation with a digital storefront in just 24 days, with no technology integration required. For more information, visit us at www.allycommerce.com or call (866) 994-1354.
About UPS Strategic Enterprise Fund: The UPS Strategic Enterprise Fund is the private equity strategic investment arm of UPS (NYSE:UPS). Established in 1997, the Fund is a corporate venture capital group that focuses on innovation, developing critical partnerships and gaining knowledge returns from its investments in technology companies and emerging market spaces.
About UPS: UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade; and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
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Source: Ally Commerce