Mercent and Coremetrics Announce Strategic OEM Partnership and Joint Customers
Bass Pro Shops Increases Revenues, Profits, and Return on Advertising Spend Through Online Shopping Engines Using Coremetrics Marketplace Powered by Mercent
| Source: Mercent
SEATTLE, WA -- (MARKET WIRE) -- February 21, 2007 -- Mercent, a provider of online marketing
technology and services for retail merchants, and Coremetrics, the leading
provider of on-demand web analytics and precision marketing solutions,
today announced a strategic OEM partnership and joint retail customers. The
companies' integrated online marketing platform is branded and available as
Coremetrics Marketplace Powered by Mercent. Leading online retailers
including Bass Pro Outdoors, LLC are driving online revenues, profit
margins, and return on advertising spend through online marketing channels
using the integrated technology.
"Bass Pro Shops has seen a significant lift in ROAS and lower advertising
CPO (cost-per-order) since implementing Coremetrics Marketplace Powered by
Mercent," said David R. Seifert, Director of Operations at Bass Pro Shops.
"We are pleased to see that Coremetrics and Mercent, both trusted Bass Pro
Shops vendors, have combined efforts to offer a world-class integrated
marketing platform."
Coremetrics Marketplace Powered by Mercent provides an effective way for
retailers to promote and sell products to more than 150 million shoppers
across more than 35 leading shopping portals, marketplaces, and affiliate
networks. It consolidates the management of online shopping feeds as well
as automating CPC bids, product assortments and category management. This
not only reduces management time, but also gives retailers the visibility
to easily determine which online channels deliver the best ROI. By
leveraging key features of the integrated solution, retail merchants can
automatically optimize marketing performance to key performance indicators
(KPIs) such as SKU-level profitability and inventory velocity with minimal
effort.
With Coremetrics Marketplace Powered by Mercent, Coremetrics customers can
extend the value of their existing Coremetrics tracking tags and actionable
Coremetrics data to promote the right products and offers in the right
online channels. Joint clients including Bass Pro Shops, ExOfficio,
Levenger, and Smart Bargains are poised to quickly take advantage of the
combined solution.
Key features of the integrated online marketing platform include:
-- Automatically track and report referrals, conversions, and orders across
shopping portals and comparison shopping engines such as Yahoo! Shopping
and Shopzilla
-- Track and report ad spend and the cost to acquire transactions and
customers across channels, regardless of channel pricing model
-- Process orders automatically from transactional channels such as
Amazon.com and SHOP.COM
-- Define dynamic per-channel product assortments based on operational and
performance criteria
-- Append and optimize product content and merchandising offers to improve
marketing performance
-- Automate product categorization uniquely for each online marketplace and
shopping portal
-- Manage CPC bids based on channel, category, and product-level
performance criteria
"Coremetrics Marketplace, the latest addition to our marketing suite, is a
natural extension of our core web analytics and precision marketing
platform," said Joe Davis, CEO of Coremetrics. "We're excited to announce
this partnership with Mercent, the clear leader in retail data feed
marketing solutions."
The complete list of online marketing channels supported by the platform is
available at www.mercent.com/channels.
For more information or to schedule a demo, please contact 877-721-CORE or
visit www.coremetrics.com.
About Coremetrics
Coremetrics is the leading provider of on-demand Web analytics and
precision marketing solutions, offering the industry's only Web analytics
platform that captures and stores all customer and visitor clickstream
activity to build LIVE (Lifetime Individual Visitor Experience) Profiles.
Representing the single most accurate and comprehensive source of online
customer data, LIVE Profiles serve as the foundation for all successful
digital marketing initiatives. Coremetrics services more than 900 brands
and has delivered over $300 million in documented ROI in the past two
years. Coremetrics is also the integrated Web analytics solution for IBM
WebSphere Commerce, delivering a best-of-breed multichannel business
analytics solution. The company is privately held with funding from Accel
Partners, FTVentures, and Highland Capital Partners and is headquartered in
San Mateo, California. To learn more about Coremetrics, visit
www.coremetrics.com or call 877-721-CORE.
About Mercent
Founded by veterans of Amazon.com, Mercent provides online marketing
technology and services to help retail merchants optimize performance
across online channels. Mercent's on-demand platform, Mercent Retail,
increases revenue and gross margins by promoting the right products with
the right merchandising offers and placement. Mercent Retail provides a
single point of integration between existing retail management systems and
more than 35 leading online marketing channels including transactional
marketplaces such as Amazon.com and SHOP.COM, shopping portals such as
Shopping.com and Shopzilla, and affiliate marketing programs such as
LinkShare and Performics -- making it easy for merchants to automate,
measure, and optimize online product merchandising campaigns through these
channels. Mercent customers include GUESS?, Lucky Brand Jeans,
SmartBargains, Wet Seal, Proflowers, Celebrate Express, Crabtree & Evelyn,
Levenger, and other leading retailers. Mercent is an Amazon.com Certified
System Integrator and SHOP.COM Certified Data Feed Provider. Mercent is a
venture-funded company based in Seattle, WA. For more information, visit
www.mercent.com. For the latest Mercent news, visit www.mercent.com/news