Ordoro announces multi-channel inventory synchronization for ecommerce retailers

AUSTIN, Texas, June 6, 2013 /PRNewswire/ -- Ordoro, today announced their latest offering - multi-channel inventory synchronization - targeted towards the growing segment of small business ecommerce retail. "Small business retailers are going multi-channel. They run branded stores on platforms like Shopify and BigCommerce. And they also sell on Amazon and eBay marketplaces. Ordoro acts as the central hub for all the inventory information, keeping stock levels in sync when the same product sells across all these channels", says Jagath Narayan, co-founder and CEO of Ordoro.

Ecommerce sales in North America saw double digit growth and hit $364 billion in 2012. This number is expected to grow another 12% and hit $409 billion in 2013 according to eMarketer, an ecommerce-focused analyst group. With Amazon and eBay beating the Q1 2013 earnings estimates, the ecommerce market does not show any signs of losing steam. Companies like Ordoro are positioning themselves for growth in an exploding market.

Another startup in this space, ebay-backed Channel Advisor has shown enormous growth and went public two weeks ago. And bigger companies like NetSuite are heating up the space with the recent acquisition of OrderMotion, an ecommerce platform similar to Ordoro.

Ordoro has raised $1.8M in venture funding to-date and says their customers have processed $48m worth of order transactions and generated $22m worth of shipping labels so far. Ordoro offers free plugins to many of the popular selling platforms like Shopify, BigCommerce, Amazon, eBay, Magento, Shopsite and 3dcart.

CONTACT:
Naruby Schlenker
512-271-9453

SOURCE Ordoro