GSI Commerce closes Retail Convergence buyout
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  4GWE  |  Satellite  |  IT |  Business Video  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  | 
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
Advanced Carrier Services
Advanced IP Carrier
Answering Service
Appliance Deployment
ATCA
Auto Dialer
BPA (3rd Party Remote Call Monitoring)
Broadcast Modulator
Business Phone Systems
Business Process Automation
Business VoIP
Call Center
Call Center Certification
Call Center Digital Signage
Call Center Furniture
Call Center Hiring
Call Center Management
Call Center On Demand
Call Center Outsourcing
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Center Workforce Management
Call Monitoring
Call Recording
Cloud Hosting
Cloud Telephony
Communications Provider
Conference Call
Conferencing
Contact Center Headsets
Contact Center Software
CRM Cloud Computing
CRM Software
CRM Solutions
Customer Service Software
Customer Support Software
Dedicated Server
DID/DDI
e911
E911 Hosted Solutions
Enterprise Fax over IP
Enterprise VoIP
Ethernet Extender
Fax
Fax Over IP
FoIP
HD Conference
Hosted Call Center
Hosted Contact Center
Hosted PBX
Integrated Communications
IP Fax
IP Media Server
IP Multimedia
IP Multimedia Phone
IP Phone Maker
IP Phones
IP Transit
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Personalization
Mobile Unified Communications
Mobile Video
Mobile VoIP
NEBS
Network Installation
Online Video Platform Solutions
Open Source CRM
PBX Systems
Phone Systems
Portable Satellite Antenna
Predictive Dialer
Sales Software
Softswitch
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telecom Lifecycle Management
Telemarketing Software
Telepresence
Temperature Monitoring
Testing IP Services
Video Content Management Systems
Virtual Call Center
Virtual Office
Virtual PBX
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
VoiceXML
VoIP Call Recording
VoIP Equipment
VoIP Gateways
VoIP Monitoring
VoIP Phones
VoIPSwitch
Web Conferencing
Web Meeting
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Optimization
Share
TMCnews
[November 18, 2009]

GSI Commerce closes Retail Convergence buyout

(M&A Navigator Via Acquire Media NewsEdge) US e-commerce service provider GSI Commerce (NASDAQ:GSIC) said today it has finalised the acquisition of sector player Retail Convergence (RCI) for USD180m (EUR120.5m) in cash and stock.

GSI agreed to take over its peer in late October saying the deal would strengthen its online sales platform. As part of the deal, an earn-out of USD170m will be paid as well, based on certain financial performance indicators by 2012.

The acquisition of RCI is expected to be accretive in 2010, GSI said.



Country: USA Sector: IT/Online services; Wholesale/Retail Target: Retail Convergence Inc Buyer: GSI Commerce Inc Deal size in USD: 180m Type: Corporate acquisition Financing: Cash & Stock Status: Closed ((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2009 M2 COMMUNICATIONS

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Power and Cooling Capacity Management for Data Centers
Deploying High-Density Zones in a Low-Density Data Center
Selecting an Industry-Standard Metric for Data Center Efficiency
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Amdocs Set to Deliver Connected Value at Mobile World Congress …
Telepresence Podcast: Ensuring Clarity, Effectiveness with Data Broadc…
Creating the Perfect Business Phone System
Communications Provider to Intro Local Numbers Service
Reinvent Relationships with Your Customers Online
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Stop the Presses: Tech Entertainment Costs Money
Cloud Net Intros Affordable Bundled Virtual PBX & VoIP Handsets
Verizon Wireless Scores Goals with Apps, Games and V Cast
AT&T to Host Its Annual Solution Providers Champion Award
Presence Technology Helps Call Centers Focus on ROI with Hosted Solutions: ITEXPO Interview

Today @ TMC
Upcoming Events
ITEXPO West 2010
 October 4-6, 2010
Los Angeles Convention Center
in Los Angeles, CA
4G Wireless Evolution Conference
 October 4-6, 2010
Los Angeles Convention Center
in Los Angeles, CA
view more…
Subscribe FREE to all of TMC's monthly magazines. Click here now.