E-commerce Aggregator TCM Fortifies Growing House of Brands with Three New Online Store Acquisitions
HERZLIYA PITUACH, Israel, April 07, 2021 (GLOBE NEWSWIRE) -- Tech-first e-commerce aggregator Technology Commerce Management (TCM) today announced that it added three new niche online stores to its rapidly expanding house of brands. The new stores bring the total number of outlets in TCM’s portfolio to 26 with plans to increase the stores’ revenue by an estimated 30 percent using its artificial intelligence (AI)-driven optimization.
“We are very optimistic about the prospects of these acquisitions,” said Gabi Bar, TCM co-founder. “They are already performing very well, with combined annual revenues approaching $6 million. But, with TCM’s AI and machine learning (ML) provided by our SuperBrain Technology™, we expect sales and revenue for each store to grow dramatically in 2021 and beyond.”
TCM will leverage its proprietary AI and ML technologies in combination with the company’s comprehensive ecosystem to grow sales and profitability for these new TCM brands. The three acquisitions will be optimized for accelerated growth using the following strategies:
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