Following the Monsoon seller summit in London last month they’ve released some impressive growth stats. They’ve announced a 73% increase in first quarter merchant sales of general merchandise compared with the same period in 2011 – that’s not altogether a surprise as they’ve traditionally focused on media sellers and are now branching out into electronics and general merchandise.
However media seller revenues grew 9% over the same quarter last year and new customer acquisition continued to accelerate, growing 25% for the period. Monsoon Commerce marketplace integration solutions also posted gains, with 32% more customers in the first quarter of 2012 compared to last year.
Monsoon continued to invest in new product capabilities and improvements, recruitment, and office expansion in the first quarter. In addition to hiring talent in various new positions across locations, Monsoon Commerce relocated the Philadelphia office to a larger space to accommodate personnel to service the growing customer base, including an expanding European presence. Whilst you may not have heard much about Monsoon (unless you’re a media seller in which case you’ve almost certainly heard of them), expect to see them raising their profile in the UK and Europe over the course of the next year.
If you’re wondering what Monsoon have to offer in comparison with other multichannel management solutions take a look at their repricing automation tools which are amongst the best in the industry.
