Welcome!

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!

About NETEVEN :

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
910Telecom exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and exchanges.
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.