Venda(R) Merchants Post Remarkable Growth Average of 86% in Q4

Growth Average Significantly Higher Than all Market Predictions

Jan 06, 2010, 14:48 ET from Venda Inc

NEW YORK and LONDON, January 6 /PRNewswire/ -- Despite a small growth year for online retail sales (4.9%) as reported by Comscore Networks, a Global Internet Information Provider, there was good news for merchants on the Venda on-Demand eCommerce platform in the fourth quarter of 2009 who saw an average year-on-year revenue increase of 85.7%.

Venda, the world's largest on-Demand eCommerce provider in the USA & Europe, which normalizes revenue across the hundreds of retail, brand and manufacturer websites on their Software as a Service (SaaS) platform, showed remarkable growth through the Venda Sales Index. International brands using the Venda eCommerce solution include Universal Music, TK Maxx, Laura Ashley, Conde Nast, JVC and Jimmy Choo.

"Our statistics suggest that not only was there an increase in the number of new site visits of over 50%, but that our merchants are converting more browsers into buyers and increasing the amount their customers spend in a single visit. The level of traffic did not drop down as early as it did last year, and the normal post-Christmas rush began in earnest on Christmas Day," commented Andy Houstoun, Global Head of Marketing at Venda.

"The number of returning customers is also on the increase as our merchants continue to deliver good customer experiences and continue to focus on driving customer lifetime value through their retention programs. I am thrilled about our merchants performance, which give a fine polish to a number of awards and recognition achieved by our customers in the market-place in 2009, such as Lilly Pulitzer making into Internet Retailer's Hot 100 for 2010, and Flowers Direct, a UK merchant receiving 5 stars out of 5 in a website usability study carried out by Web User magazine."

"Our customers are at the centre of everything we do, and we have collaborated with all of them to deliver these positive results," commented Eric Abensur, Group CEO of Venda. "Our comprehensive ecommerce solution continues to attract new customers in all the markets we operate in and I am pleased that we have been able to extend existing contracts that came up for renewal in 2009. The market conditions have been tough this year, but our merchants appear to have weathered it very well and come out on top."

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About Venda

Venda delivers on-demand eCommerce to some of the world's leading retailers and manufacturers, including Tesco, The Metropolitan Museum of Art, Superdrug, JVC, Urban Outfitters, Conde Nast and Jimmy Choo.

The Company's complete eCommerce software and ecommerce solution combines flexibility, reliability and scalability with the operating advantages of an outsourced service. Multi-lingual and multi-currency capable, Venda's B2B, B2C and B2E solutions provide "best of the web" capabilities to mid-tier and Fortune 1000 companies.

Venda allows customers to reduce the risk, complexity and cost associated with eCommerce, while empowering business users and delivering unprecedented ROI. With offices in New York, London and Bangkok, the Company is managed by a team of eCommerce veterans with many years of experience in online businesses.

SOURCE Venda Inc