WEST HOLLYWOOD, Calif., March 7, 2017 /PRNewswire/ -- Oro, Inc., the company behind OroCommerce, the most flexible, open source B2B ecommerce platform, today announced a global partnership with PayPal (Nasdaq: PYPL), the most trusted name in payments.
With an increasing need for companies to sell globally, the two companies have created a fully integrated payments solution that streamlines workflows for Oro's B2B clients so they can provide their customers a seamless way to pay for, track and receive goods and services.
OroCommerce, built by the founders of Magento, is the first B2B ecommerce platform built from the ground up to serve B2B ecommerce operational needs, including automating business workflows, streamlining buyer-seller relationships and integrating with multi-channel CRM software.
For PayPal, the new partnership is a way to move rapidly into the booming global B2B ecommerce market, projected to reach $12 trillion by 2020 -- a market opportunity three times the size of the B2C ecommerce market.
"Having been the market leader in B2C payments for more than a decade, we are now seeing a growing adoption rate of PayPal by B2B businesses," said Jason Smith, head of PayPal Global Channel Partners. "As the industry's first ecommerce platform built specifically for B2B companies, OroCommerce has both the expertise and resources we need to help us deliver greater value and provide better payment experience for our B2B merchants."
"We are excited to begin a new chapter with PayPal, the largest brand in payments," said Yoav Kutner, CEO and co-founder of Oro, Inc. "PayPal's global footprint and its expansion into B2B businesses strongly align with our focus on building a flexible, seamless ecommerce solution tailored for the global B2B market."
About Oro, Inc.
Oro, Inc. is the software company behind the Oro suite of open source commerce applications: OroPlatform, OroCRM and, most recently, OroCommerce. OroPlatform is a business application platform that helps companies accelerate their custom business application development; OroCRM is a CRM solution for multichannel companies; and OroCommerce is an ecommerce platform purpose-built for B2B companies. Oro's founders, several of whom also founded Magento, have deep experience in the ecommerce industry; they include Yoav Kutner, chief executive officer; Jary Carter, chief revenue officer; Dima Soroka, chief technology officer; and Roy Rubin, Director of Oro's Advisory Board, who is also the co-founder and former CEO of Magento. For more information on OroCommerce, visit https://orocommerce.com
David B. Wamsley
SOURCE Oro, Inc.