posted on June 13, 2006 12:00:14 PM
Vendio™ Acquires Majority Stake in Andale®
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Vendio™ Acquires Majority Stake in Andale®
Leading Online Sales Management Firm Purchases Controlling Interest in Leading eBay Listing Management and Research Provider
SAN MATEO, and SUNNYVALE, Calif. June 9, 2006 — Vendio™, a leading provider of services that empower online merchants to reach consumers and manage transactions, today announced that it has acquired, for an undisclosed cash sum, a significant controlling interest in Andale®, Inc., one of the largest providers of listing management and research services for sellers on eBay®. Pursuant to this purchase, Vendio also appointed five directors to the Andale seven-member Board of Directors. Other details of the agreement were not disclosed.
This strategic investment has already enabled the two companies to share their experiences and leverage their strategic relationships to the benefit of all of their customers while operating businesses that can profitably reinvest in future development and marketing initiatives. Vendio recently announced its 17th consecutive quarter of profitability and brings a depth of relevant operational experience that can be transferred to help strengthen Andale's business significantly for the benefit of customers.
“We are delighted to have the opportunity to work more closely with Andale,” said Rodrigo Sales, CEO of Vendio. “Vendio and Andale have complementary strengths that have helped us collectively lead the industry as the two largest sales management providers with the most innovative applications for online merchants. We look forward to sharing the knowledge and relationships we've gained managing our profitable, growing business over the last four years with the Andale team. From economies of scale and category and geographic expansion to new services and technologies, this deal will result in a host of lucrative new opportunities for both companies and the customers they serve.”
The newly appointed Board of Directors named long time Andale executive, Ravi Garikipati, as Andale’s new Chief Executive Officer upon the earlier resignation of Linda Hayes, who departed to explore another opportunity. Garikipati will manage the daily Andale operations as the two companies determine the best ways to leverage their respective strengths going forward.
“We’ve always had great respect for one another and recognized that if our complementary strengths and knowledge were leveraged, we would lead the industry with the most comprehensive and innovative solutions for online sellers,” stated Ravi Garikipati, CEO of Andale. “There's no doubt that our combined expertise and experience will deliver great new products for the entire industry.”
Vendio and Andale are working closely on several strategic initiatives that will produce new and expanded services for the entire seller community, while also exploring ways to further enhance Andale's industry leading research solutions and Vendio's recently launched comparison shopping toolbar, Dealio™. (Dealio is the only comparison shopping search engine to effectively incorporate eBay listings – both traditional auctions and fixed price/storefront listings – into its search results).
edited to add: I forgot to mention this was shamelessly copied from the vendio announcement board.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former. - Albert Einstein
[ edited by mikes4x4andtruckrepair on Jun 13, 2006 12:02 PM ]
posted on June 13, 2006 01:56:17 PM
HUH, looks like Andale finally found a buyer for there struggling services. After ebay got on the for some of the practices. Good luck vendio they are in for a treat. I really can't see any benefit to vendio to buy a company that is already hurting, yes they may acquire some of the customers but as far as other services ther is not much that andale can offer. I guess the are taking lessons from sparedollar and inkfrog. Not that was a good deal for us sparedollar customers.
posted on June 13, 2006 02:29:43 PM
Of all the internet companies I've ever dealt with, Stay-Away ranks up there in the RALPH J. DAUG TOP 10 SUCK-TARD LIST:
Clueless CS combined with broken & idiotic software, not to mention their refusal to cancel accounts nor REFUND bogus charges made Ralphie & I really recommend Stay-Away for a permanent position at the bottom of a s-can!
Hopefully, VD didn't spend more than $0.50 on these clowns -- iffen they did, then...they was robbed!
posted on June 13, 2006 03:00:25 PM
Human stupidity must account for this. what are the suits at Vendio thinking?
buying Andale????
Is it for a tax write-off
Ya think human customer service is difficult now .. if Andale customer service comes aboard .......well it is not human.
Press 1 if you want to know which button to push next !!!
posted on June 13, 2006 03:02:48 PM
Yep, what Ralphie said!
If there was EVER a company to stay far, far away from, Andale would be near the top of their list. And I tell them so every other week when their telemarketars call me.
Dr. Arcane, revelator of mystical secrets http://www.drarcane.com
Got questions about the secrets of the universe?
posted on June 13, 2006 03:32:03 PM"The newly appointed Board of Directors named long time Andale executive, Ravi Garikipati, as Andale’s new Chief Executive Officer upon the earlier resignation of Linda Hayes, who departed to explore another opportunity..."
First time I've ever heard the UN-EMPLOYMENT LINE described in quite that manner...
posted on June 13, 2006 03:48:43 PM
You must not get out much, then.
"To pursue other opportunities" and "To spend more time with his family" are industry-standard-speak for "We fired his or her hiney because s/he was a total uck-fup."
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former. - Albert Einstein
[ edited by mikes4x4andtruckrepair on Jun 13, 2006 12:02 PM ]
