shopify competitor corecommerce

CoreCommerce, the company set up in 2001 as a one-stop solution for commerce businesses, has been acquired by a group of entrepreneurs and business executives.

Among the group of new investors taking over the platform are :

  1. Michael Thompson, Former SVP, Sales and Marketing at Fleet One;
  2. Peter Marcum, Managing Partner at DevDigital;
  3. Dr. Turner Nashe, President at IDS; and
  4. Brendan McDonnell, Executive at Medical Ventures, Inc.

On member of the new executive team, Marcum, has worked with Matt DeLong, founder of CoreCommerce, previously. DeLong will remain as a key partner in the company. Michael Thompson has been named the company’s new CEO.

CoreCommerce serves clients across 22 countries and with this acquisition the company will be seeking to expand its offerings even further. In an announcement of the acquisition on the company blog, Delong explains, “This investment allows us to further invest in the platform and bring in new talent, which will in turn bring more value to our

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Source: Small Business Trends