GSI Commerce acquires VendorNet
VendorNet will retain its brand and operate as a wholly owned subsidiary of GSI, according to a statement from GSI. VendorNet's offerings, sold as individual products and suites, will be integrated into GSI's platforms.
VendorNet's workflow technology allows retailers to coordinate fulfillment-center and retail inventory with e-commerce sales and return transactions.
“Retailers today are consistently challenged to manage distributed inventory, achieve full data visibility across channels and deliver merchandise to consumers more rapidly,” said Jim MacIntyre, chief of e-commerce technology at GSI, in a statement.
GSI and VendorNet could not be immediately reached for comment.