- New customer acquisition is biggest contributor to an overall strong quarter for the company.
EMERYVILLE, California, May 2, 2012 /PRNewswire/ -- Monsoon Commerce, a leading provider of online marketplace and e-commerce business solutions for mid-sized merchants, announced today a 73% increase in first quarter merchant sales of general merchandise compared with the same period in 2011. The company also announced overall positive performance for the quarter and continued success of several key growth initiatives.
In addition to GMV (Gross Merchandise Value) gains in general merchandise categories, media seller revenues grew 9% over the same quarter last year. New customer acquisition continued to accelerate, growing 25% for the period. Monsoon Commerce marketplace integration solutions also posted gains, with 32% more customers in the first quarter of 2012 compared to last year.
The company continued to invest in new product capabilities and improvements, recruitment, and office expansion in the first quarter. In addition to hiring talent in various new positions across locations, Monsoon Commerce relocated the Philadelphia office to a larger space to accommodate personnel to service the growing customer base, including an expanding European presence. The company also continued innovating within its core products, adding support for multiple FBA workflows in the integration of Monsoon Stone Edge and Monsoon Pro.
"2012 is projected to be a growth year for Monsoon Commerce and our clients, and we're thrilled to affirm that with strong first quarter performance," said Brian Elliott, CEO of Monsoon Commerce. "The company is healthy and expanding share in an overall growth industry. Heading into the second quarter, our focus continues to be enhancing our products, improving our customer experience, and extending our reach in both the domestic and European markets."
A number of initiatives are planned to drive domestic and international growth in the second quarter. Monsoon Commerce hosted a successful UK Summit in April, bringing together UK merchants and market experts. In addition, recently announced new product capabilities include multiple enhancements to support UK marketplace sellers throughout the European Union. In May, the company will hold its first unified conference for Monsoon Commerce clients and Stone Edge Technologies users, MonCon EAST. The conference will provide online merchants, multi-channel retailers, and marketplace sellers an opportunity to learn from and network with peers and e-commerce pros. For more information, visit the MonCon event web site.
About Monsoon Commerce
Monsoon Commerce is an e-commerce solutions company powering the online success of mid-sized merchants. Our integrated solutions allow you to easily manage inventory, orders, and fulfillment; sell more products in more places; and intelligently price products across channels. Our more than 20,000 customers, including 2,500 online merchants and multi-channel retailers, commonly experience a level of success that is both impactful and enduring--at times, even transformational. We call it the Monsoon Effect. Learn more at monsooncommerce.com.
SOURCE Monsoon Commerce