|By Marketwired .||
|June 3, 2014 03:06 AM EDT||
SANTA BARBARA, CA -- (Marketwired) -- 06/03/14 -- Warp 9, Inc. (OTCQB: WNYN), the premier provider of mobile and e-commerce solutions for midsize online sellers, today commented on Magento's recent announcements pertaining to increases in user adoption, share of market, and overall growth.
According to the release, "Magento is recognized as the top platform for fast-growing retailers in the Internet Retailer 500" and has grown to approximately 260,000 businesses, a 60 percent increase from last year. The technology powers 26 percent of all e-commerce websites in Alexa's top one million -- the most of any platform, and experienced a "34 percent increase in online retail sites since last year, according to a recent study by Tom Robertshaw."
Warp 9 is a leading Magento solutions provider and has experienced similar growth during its adoption of the Magento technology. Over the past year, the company successfully migrated all of their legacy e-commerce customers from their previous technology platforms to Magento and has seen a 60% quarter over quarter growth rate of Magento customer acquisition. Warp 9 touts Magento's customizable marketing and merchandising tools, flexible product and catalog management and presentation, and outstanding scalability and 3rd party platform integration.
"Warp 9 has experienced significant sales growth over the last year due to our adoption of innovative and robust platforms for both mobile and desktop e-commerce websites," said Andrew Van Noy, CEO of Warp 9. "Magento is a perfect example of these platforms. Due to the fact that Magento is so extensible and customizable, we've found that the platform can easily support enterprise-grade Fortune 500 websites, as well as small and medium sized businesses. This range in technological capabilities has allowed us to best serve our clients and increase their online revenue."
About Warp 9
Since 1998, Warp 9, Inc. is the premier provider of e-commerce solutions for midsize online sellers. Offering fully managed Software-as-a-Service web and mobile e-commerce technology, Warp 9 allows customers to focus on their core online businesses, rather than on technical implementations. To learn more about Warp 9, please visit www.warp9inc.com, on Twitter at www.twitter.com/warp9inc, or on Facebook at www.facebook.com/warp9inc
Safe Harbor Statement
Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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