Alibris Marketplaces Acquires Monsoon Listing Service
By Ina Steiner
Online marketplace Alibris is acquiring Monsoon, an Oregon-based marketplace selling solutions company, for a combination of cash and stock in Alibris Holdings. Monsoon will continue to run as a separate operating company led by Kanth Gopalpur and the Monsoon senior management team. Combined, Alibris and Monsoon managed more than $400 million of book, music, movie, and videogame sales for its sellers in 2009.
According to the Monsoon website, it actively manages over 20 million unique listings at any given time, and offers support for eBay, Amazon, and other primary marketplaces in the US and UK.
Alibris Holdings President and CEO Brian Elliott said, "We are excited to be working even more closely with Monsoon. Alibris has been focused on driving sales for our network of more than 15,000 independent sellers through Alibris-branded marketplaces and by providing marketplace functionality to leading book, music, and movie retailers. Monsoon provides best-in-class tools and services for sellers listing across multiple marketplaces. We believe that this merger will provide our sellers with unparalleled marketplace exposure, and further opportunities for growth."
Oak Hill Capital, a private equity firm that acquired Alibris Holdings in 2006, provided funding for the transaction along with additional bank financing from Square 1 Bank.
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
You may quote up to 50 words of any article on the condition that you attribute the article to EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com.
All other use is prohibited.