Fast Growing API-Based Commerce Platform Vendor commercetools Invests $17 million in International Growth and Development

Munich (Germany) / Durham (USA) (ots) - New Offices in APAC, UK
and Benelux Aimed at Driving Growth Through Expansion of Partner
Network and Support of Global Enterprise Clients

commercetools, a global leader in next generation commerce
software, is one of the fastest growing commerce platforms in the
industry. To further fuel the company's growth, commercetools is
investing $17 million in expansion in the Asia-Pacific region, as
well as in the United Kingdom, the Benelux, Scandinavia, and North
America. Global services expansion as well as the development and
enhancement of the company's technology are the two primary
investment goals. As such, commercetools is further expanding its
support and operational services to support customers and partners
worldwide. New offices are planned for London and Singapore.

Global presence and focus on innovation

"We have been rated "Visionary" in the Gartner 2018 Magic Quadrant
for Digital Commerce Platforms," says Dirk Hoerig, CEO of
commercetools. "We do not want to rest on these laurels. Since the
founding of commercetools in 2006, our team and our partners have
been working passionately on making e-commerce as simple and flexible
as possible for our customers - in a rapidly evolving market." "This
investment will allow us to enable more partners and support our
global enterprise customers."[1]

Global analyst firm Forrester also recognized commercetools
recently, naming the company a "Contender" in the Forrester Wave: B2C
Commerce Suites, Q3 2018. In the report, Forrester gave
commercetools the highest possible scores in the platform
architecture, product vision and road map, and delivery model
criteria. According to the report, "The platform is ideal for those
planning to take a 'strangle and replace' approach to migrating off a
legacy platform. Its true value is to those who want to deliver the
next generation of commerce experiences."[2]

Parent company REWE Group is proud of the development of the
company. "commercetools aims to become the market leader in
cloud-based eCommerce software for modern retail companies," explains
Jan Kunath, Deputy Chairman of the Executive Board of the REWE Group.
"We support them and rely on the technology of commercetools
regarding the further development of our own e-commerce offerings."

About commercetools

commercetools is a next-generation software technology company
that offers a true cloud commerce platform, providing the building
blocks for the new digital commerce age. Our leading-edge API
approach helps retailers create brand value by empowering commerce
teams to design unique and engaging digital commerce experiences
everywhere - today and in the future. Our agile, componentized
architecture improves profitability by significantly reducing
development time and resources required to migrate to modern commerce
technology and meet new customer demands. It is the perfect starting
point for customized microservices.

Visit www.commercetools.com for more information.

[1: Gartner, "Magic Quadrant for Digital Commerce," Penny Gillespie,
Jason Daigler, et al., 5 June 2018]

[2: The Forrester Wave(TM): B2C Commerce Suites for Q3, 2018;
Forrester Research, Inc.]

Media Contact:
Stephanie Wittmann
commercetools Corporate Communications
E. press@commercetools.com
M. +49 173 6155601

Original-Content von: commercetools, übermittelt durch news aktuell