Welcome!

News Feed Item

Terapeak Continues to Gain Traction in Market, Captures Industry Notice

Terapeak, the leading source for analyzing, understanding and predicting consumer and product behavior in ecommerce, is rapidly gaining momentum as online sellers recognize the value of actionable intelligence from big data and Terapeak’s groundbreaking solutions in this arena. As the first authorized analytics provider of eBay market data, Terapeak has maintained a strong growth trajectory as the ecommerce sector continues to transform retail.

eBay’s recent 2013 full year and fourth-quarter earnings report reflected strong revenue and growth, with earnings rising to $4.5 billion for the final quarter and 21% volume acceleration resulting in 14% revenue growth for the year as a whole. Given that backdrop, it’s not surprising that Terapeak has also enjoyed exceptional success in that time period since the company is an integral part of the success of many online entrepreneurs, ecommerce merchants and Fortune 500 firms through its unique marketplace intelligence solutions.

In the last quarter of 2013, Terapeak released a free version of its MySales multichannel ecommerce intelligence tool. MySales allows merchants who sell on eBay, Amazon and Magento to view all of their sales data in one dashboard and identify trends. MySales also helps Terapeak customers by providing visibility into their own traffic data, allowing them to see how many times a prospect has viewed their items. Although MySales was released as a free product only in the last 3 months, it now boasts more than 100,000 accounts created.

Close to 3 million merchants are now using Terapeak's Analytics through one of its ecommerce products and this number continues to grow rapidly. "Ultimately, Terapeak users are more successful than non-users because they have marketplace visibility and are able to make informed decisions.” says Kevin North, CEO of Terapeak.

According to Glen Scott, a Terapeak customer and owner of Petsporium on eBay, "The more research I did, the more I was convinced that by using Terapeak, I could create a whole new business. That was six months ago. Thanks to Terapeak, I had a record number of sales last month and am on track for another record this month."

Another eBay merchant and Terapeak customer, David Rapport of Ekusparts on eBay says, "I would need to add another full-time employee to replace the contribution that Terapeak makes to my business. Determining price, availability of product and demand without eBay research would take someone hours every day."

In calendar year 2013, Terapeak merchants sold more than $4.4 billion on eBay platforms worldwide. In fact, 31.5% of merchants who gross more than $1 million per month in eBay sales used Terapeak last year. Also according to Terapeak’s 2013 data, Terapeak merchants sold to an average of 7.6 million buyers each month and sold more than 120 million items. Its market share of eBay by gross sales of merchandise is 6.2%.

Terapeak’s innovative products and rapid growth have gained notice from industry leaders. Honors in 2013 included a #43 rank on Deloitte Technology’s prestigious Fast 50 list, SIIA Software’s CODiE Award for Best Big Data Solution and the #150 spot on PROFIT Magazine’s list of 500 high-growth companies. Terapeak was founded in Canada in 2004 and opened its Silicon Valley headquarters in 2012.

“Back in 1997, eBay changed retail as we know it,” observes Mr. North. “eBay democratized retail so that virtually anyone with a product, new or old, could sell online. Our role is to put the power of Big Data in the hands of online merchants, democratizing the knowledge of how products behave in ecommerce, on marketplaces such as eBay, Amazon and Yahoo! Japan.”

Terapeak analyzes more than 4.6 billion transactions per year and more than $70 billion in online consumer spending worldwide, providing 1.3 million merchants with applied market intelligence used to increase margins, grow revenue, generate consumer loyalty and ensure customer satisfaction. In the last 5 years, Terapeak's revenues have grown 440%. Find out more:

Visit Terapeak’s website: www.terapeak.com

Like Terapeak on Facebook: https://www.facebook.com/Terapeak

Follow Terapeak on Twitter: https://twitter.com/Terapeak

About Terapeak

Terapeak is the leading source for analyzing, understanding and predicting consumer and product behavior in ecommerce. Terapeak analyzes more than 4.6 billion transactions per year and over $70 billion in online consumer spending to provide marketplace intelligence to clients ranging from entrepreneurs to Fortune 500 companies. Ecommerce merchants use Terapeak’s online analytics platform to evaluate pricing, sourcing opportunities, market trends, product behavior across regions and their competition. Terapeak provides marketplace analytics on eBay, Amazon.com and Yahoo! Japan, and merchants can view their own sales performance across multiple channels through Terapeak’s MySales product. Founded in 2004, Terapeak's U.S. headquarters are in Palo Alto, CA. Learn more at http://www.terapeak.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire 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 AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
In the rush to compete in the digital age, a successful digital transformation is essential, but many organizations are setting themselves up for failure. There’s a common misconception that the process is just about technology, but it’s not. It’s about your business. It shouldn’t be treated as an isolated IT project; it should be driven by business needs with the committed involvement of a range of stakeholders.
SYS-CON Events announced today BZ Media LLC has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and Commercial Drone markets.
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...