Published: November 18, 2009
GSI Commerce Closes Acquisition of Retail Convergence Inc.
KING OF PRUSSIA, Pa. - (BUSINESS WIRE) - Leading e-commerce and interactive marketing services provider, GSI
Commerce Inc. (Nasdaq: GSIC), today announced it has closed its
acquisition of Retail Convergence Inc., a Boston, Mass.-based company
that operates RueLaLa.com, a leader in the private sale space, and
SmartBargains.com, an off-price e-commerce marketplace.
About GSI Commerce
GSI Commerce is a leading provider of services that enable
e-commerce, multichannel retailing and interactive marketing for large,
business-to-consumer (b2c) enterprises in the U.S. and internationally.
We deliver customized solutions through an e-commerce platform, which is
comprised of technology, fulfillment and customer care and is available
on a modular basis or as part of an integrated, end-to-end solution. We
offer a full suite of interactive marketing services through two
divisions, TrueActionTM and e-Dialog. Additionally, we
provide brands and retailers a platform for online private sales through
RueLaLa.com, and an online, off-price marketplace, SmartBargains.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. All statements
made in this release, other than statements of historical fact, are
forward-looking statements. Actual results might differ materially from
what is expressed or implied by these forward-looking statements.
Additional information about potential factors that could affect GSI
Commerce can be found in its most recent Form 10-K, Form 10-Q and other
reports and statements filed by GSI Commerce with the SEC. GSI Commerce
expressly disclaims any intent or obligation to update these
forward-looking statements.
GSI Commerce, Inc.
Media
Kelly Henry
610-491-7474
news@gsicommerce.com
or
Investors
Greg
Ryan
610-491-7294
ryang@gsicommerce.com
or
Retail
Convergence, Inc.
H.L. Group
Kathleen Corless
646-460-8906
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