MarketLive secures $20 Mn

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Foster City: MarketLive, a global eCommerce software and service provider, today announced it has secured a $20 million round of new capital. New investors, JAFCO Ventures and Northgate Capital, join existing investors, Sequoia Capital, Sigma Partners, Globespan Capital, and others, who all fully participated in the round. MarketLive will use the capital to deliver significant value to its customers by advancing its product leadership, funding business-critical infrastructure, and adding enhanced services. "In our view MarketLive has all the ingredients for great success, in addition to being in an attractive market, their products map very well to the present and future needs of their customers and they have an exceptionally strong management team," said Joe Horowitz, General Partner at JAFCO Ventures. Investors were drawn to MarketLive's momentum in the fast-growing eCommerce solutions market, which will experience nearly 20 percent growth in 2008 according to Forrester Research.* In the past 12 months, MarketLive added 33 new brands to its portfolio and launched 56 new sites. The MarketLive Performance Index, a quarterly report of aggregate performance across the MarketLive installed base, reveals retail sites built on the MarketLive eCommerce Suite achieve optimal business performance in key areas such as search, conversion, and revenue per visit. Many MarketLive merchants are outperforming the industry by achieving 24 percent growth in sales, a 59 percent increase in conversion rates, and 30 percent more traffic from search engines.

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