Source: Times Colonist

September 9, 2011
Terapeak founders Andrew and Anthony Sukow, flanked by Saanich mayor Frank Leonard and Victoria Mayor Dean Fortin officially shared their "bright idea" with the rest of Victoria in one of their themed rooms at the launch of their new location in Saanich.

Buoyed by a partnership with Yahoo Japan and continued growth, Victoria’s Terapeak has opened new digs in the city.

The company, which offers analysis of online auction data to help sellers improve their results, now has 46 employees and has just moved into 10,000 square feet of space at 3962 Borden St. to handle its growing roster.

Previously, the company occupied three separate offices at the Vancouver Island Technology Park.

When the deal with Yahoo Japan was signed in July of this year, Terapeak said it took the company to a new level on the international stage, noting Yahoo’s auction site is larger in Japan than either eBay or Amazon.

Terapeak’s web-based service is a tool for sellers.

It receives and crunches millions of lines of data daily to offer sellers information and guidance on how to improve their sales results.

Costs to use Terapeak can range from about $10 to hundreds of dollars per month, depending on the service the sellers want or need.

The company was founded by brothers Andrew and Anthony Sukow in 2004, when they began buying and selling on online auction giant eBay from the basement of their family home.

They developed ways to track trends in sales data, leading the company to link up with eBay.

Today, Terapeak does business through eBay’s global platform, which has grown to include Germany, the U.K., Australia, France and Spain, Sukow said.

The new partnership adds seven new jobs for a team dedicated to Yahoo Japan with expectation it could reach beyond 80.

That roster of employees will now get to enjoy an open-office concept that features a wide variety of themed board rooms – from rustic cabin to comic book – as well as quiet spaces all designed by Victoria’s Michelle Matte Interiors.