|By Business Wire||
|April 2, 2014 09:09 AM EDT||
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
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
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
Apr. 29, 2016 07:30 AM EDT Reads: 798
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
Apr. 29, 2016 07:00 AM EDT Reads: 767
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of 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. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Apr. 29, 2016 05:45 AM EDT Reads: 2,394
SYS-CON Events announced today TMCnet has been named “Media Sponsor” of 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, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business-to-business and integrated marketing media company, servicing niche markets within the com...
Apr. 29, 2016 04:45 AM EDT Reads: 2,342
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
Apr. 29, 2016 03:45 AM EDT Reads: 1,641
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Apr. 28, 2016 09:45 PM EDT Reads: 368
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Apr. 28, 2016 08:45 PM EDT Reads: 1,724
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.
Apr. 28, 2016 07:30 PM EDT Reads: 1,767
New Relic, Inc. has announced a set of new features across the New Relic Software Analytics Cloud that offer IT operations teams increased visibility, and the ability to diagnose and resolve performance problems quickly. The new features further IT operations teams’ ability to leverage data and analytics, as well as drive collaboration and a common, shared understanding between teams. Software teams are under pressure to resolve performance issues quickly and improve availability, as the comple...
Apr. 28, 2016 07:15 PM EDT Reads: 2,373
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
Apr. 28, 2016 07:00 PM EDT Reads: 1,468
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting 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. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Apr. 28, 2016 05:30 PM EDT Reads: 827
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Apr. 28, 2016 05:00 PM EDT Reads: 992
Join IBM June 8 at 18th Cloud Expo at the Javits Center in New York City, NY, and learn how to innovate like a startup and scale for the enterprise. You need to deliver quality applications faster and cheaper, attract and retain customers with an engaging experience across devices, and seamlessly integrate your enterprise systems. And you can't take 12 months to do it.
Apr. 28, 2016 04:45 PM EDT Reads: 1,733
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Apr. 28, 2016 04:30 PM EDT Reads: 1,621