Tuesday, May 6, 2008

MarketLive, Inc., the leading global eCommerce software and service provider has secured a $20 million round of new capital

What Company Is Offering:
MarketLive, Inc. has provided enterprise-class eCommerce retail technology and services that help fast-growing companies successfully sell goods online. Designed to meet the unique requirements of catalogers, retailers, direct marketers, and manufacturers, the extensible MarketLive® eCommerce Suite and MarketLive's best practices-based Intelligent Selling® methodology enable merchants to enhance their customers' experience online while dramatically improving acquisition, conversion, and retention rates.

How Much They Got From VCs:

MarketLive, Inc., the leading global eCommerce software and service provider, today announced it has secured a $20 million round of new capital. New investors, JAFCO Ventures and Northgate Capital, join existing investors, Sequoia Capital, Sigma Partners, Globespan Capital, and others, who all fully participated in the round. MarketLive will use the capital to deliver significant value to its customers by advancing its product leadership, funding business-critical infrastructure, and adding enhanced services.

"The eCommerce market is rapidly growing and what impressed us about MarketLive is how well they are outpacing that growth," said Joe Horowitz, General Partner at JAFCO Ventures. "In our view MarketLive has all the ingredients for great success, in addition to being in an attractive market, their products map very well to the present and future needs of their customers and they have an exceptionally strong management team."

More at:www.marketlive.com

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