News Feed Item

Neteven Opens Offices in the UK and in Germany

PARIS, February 3, 2014 /PRNewswire/ --

Neteven, the European marketplace management solution, raises €3.6 million in capital and announces the opening of its UK and German offices. Objective: accelerate expansion across Europe.

     (Logo: http://photos.prnewswire.com/prnh/20140203/666575 )

Raising capital to expand Neteven's local presence across key European markets

Neteven, a specialist in helping online retailers grow their cross-border marketplace business, has been a profitable company since 2011, allowing it to commence European expansion. To cope with the fast growth of ecommerce, Neteven decided to raise capital in order to enhance local sales teams in core European markets, cementing its European leadership in marketplace management.

To finance the expansion, Neteven has closed investment of €3.6 million with a group of investors and advisors led by ERMAK, Supremum Capital,the founders of Ogone and Concentric.

"Over the past three years, Neteven has been signing up merchants outside of France. With good results and successful proof of concept in the UK, Germany, Spain and Italy, it was time for us to accelerate our growth by opening local offices. Thanks to our excellent market position and financial health, we were able to attract several sources of funding. We are proud to be accompanied by investors who have both expertise in our domain and an international network. Our historical investor, A Plus Finance, remains alongside us for this new step in Neteven's history," explains Greg Zemor, co-founder and CEO of Neteven.

International since 2011

For over eight years, Neteven has been the preferred partner of brands, retailers and marketplaces in France. Since 2011, the leading European marketplaces have been integrated into Neteven's solution in order to provide its clients with access to a broader range of online customers. The pan-European extensions of eBay, Amazon, Fnac, Pixmania and Rakuten have been added to existing sales channels. The biggest local marketplaces have also been integrated: Otto, Zalando, Atosho and others.

Neteven's software and product catalogue is available in five languages. Partnerships have been founded with the key sector players in each country, and a Paris-based sales team with native speakers is already recruiting retailers across the UK, Germany, Spain and Italy.
Neteven's unique pan-European market position that allows retailers to distribute products from any country to every major market has been extremely successful. Today, over 20% of company's revenue is generated by sales outside of France.

Greg Zemor adds: "We strongly believe in a "global" strategy - a global technical solution attuned to local specifics. Each country has a different approach to ecommerce. Through working for the past three years with UK, German, Italian and Spanish brands and e-tailers, we have gained expertise and built a strong network. Our value proposition as a cross-border trade platform focused on the marketplaces is of great value to our clients, software companies, logistics providers, and marketplaces in each of our core regions. To move forward, it was inevitable that Neteven should have a physical presence in these regions. This is the strategic choice we have made in order to become the European leader in the marketplace space."

Neteven today

Thanks to its exclusive focus on marketplaces as distribution channels, Neteven has gained a competitive advantage in terms of functionalities and market expertise. R&D is done internally so the technical team can deeply integrate each marketplace into Neteven's platform and address their specifics. The sales team, made up of ex-marketplace and distributor employees, has a unique knowledge of the distribution chain. Large enterprises can rely on the state-of-the-art technology and in-house industry experts to grow their sales.

Created in 2005 by Stephane Brault, CTO, Antoine Riviere, Sales Director, and Greg Zemor from eBay, Marketing Director, Neteven represents:

  • 100 million buyers across Europe
  • 500 clients, large e-tailers and brands. Among them: Cdiscount, Sony Europe, El Corte Ingles, VPCBoost, Grosbill, Avides, Camper, Petit Bateau, Monoprix, Bata, Micromania, Conrad, Isotoner and others
  • 36% increase in GMV managed by merchant between 2012 and 2013
  • Key partners such as Magento, Prestashop, Demandware, Hybris, Mirakl, Sonuts, Pentagon, Gengo, Metapack, Fulfilment by Amazon, Rakuten Super Logistics and others
  • 35 employees in the technical, product, support and sales departments. Recruitment is now underway for many new local market roles.

"We have gained the confidence of large enterprises and key marketplaces in Europe thanks to our focus on distribution projects," explains Greg Zemor. "We have proven ourselves successful in mature and competitive markets such as the UK and Germany and are planning to significantly increase our market share. The international vision we had from day one is showing great results and even greater potential. We are now positioned as the unique pan-European marketplace solution providing access to the widest range of buyers. Investment of the capital we have raised, opening local offices and launching new marketplaces globally will keep us busy in 2014."

Neteven, From Anywhere to Everywhere!


Created in 2005 by eBay employees and ecommerce experts, Neteven is the leading expert in European marketplace management. The company is specialised in helping online retailers grow their marketplace business cross-border in Europe and beyond. The flexible web-based SaaS platform and deep integration with the most powerful marketplace channels by country and by category enable entreprises to conquer the European ecommerce market simply and efficiently. Industry experts agree that Neteven is the most Cross Border Trade-ready solution on the market and ideal for centralised, optimised European marketplace management. The leading European merchants have chosen Neteven to distribute globally on eBay, Amazon, Rakuten, Zalando, PriceMinister, La Redoute, Fnac, Rue du Commerce, Otto, Pixmania, Cdiscount, Play, Galeries Lafayette, Mistergooddeal, Atosho, Brand Alley...
For more info:  http://www.neteven.co.uk

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit at the 19th International Cloud Expo®, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...