Victoria, BC – Advanced Ecommerce Research Systems Inc. (Advanced), a leader in ecommerce research and data aggregation, today announced that it has closed $4 million in funding to accelerate the company’s already impressive growth and expand its data aggregation capabilities.
Advanced board chair Mr. Ian Stewart, QC, announced this investment today on behalf of the board of directors of the company. “This investment by Georgian Partners represents a significant recognition by the investment community in the future value of our business,” commented Mr. Stewart. “Also, we welcome the addition of two representatives of Georgian Partners to our board of directors.”
“We support Advanced’s vision of providing e-commerce merchants with valuable insights into real-time online product popularity, sales and pricing trends along with advanced sales reporting, proven to help increase GMV,” said Mr. Simon Chong, Managing Partner of Georgian Partners. “We have been impressed by the global adoption of Terapeak solutions as well as the company’s demonstrated ability to aggregate massive amounts of data in real time and deliver this as an SaaS solution to over 450,000 merchants.”
“AERS chose to work with Georgian Partners because of their specific market knowledge of big data and applied analytics as well as their team of operational domain experts from the enterprise software and information management space who can support the management team in accelerating growth,” said Fred Speckeen, CEO of AERS. “The funding and guidance from Georgian Partners will allow us to expand our product offering and truly establish ourselves as a global leader in real-time ecommerce analytics. Our goal is to become the single source for aggregated, real-time, on-demand data that represents a large percentage of all online commerce. Together we are bringing what were formerly ‘big company’ data analytics and market research to all ecommerce merchants.”
Advanced is a leader in ecommerce market research and payment analytics and is the sole licensor of eBay data globally. The company provides Terapeak-branded SaaS solutions to e-commerce merchants around the world. Terapeak products aggregate over 20% of all online commerce sales data to help merchants make faster, more-profitable business decisions based on real-time market trends, pricing, and transaction data.
About Georgian Partners
Georgian Partners is a growth equity firm investing in expansion and later stage information intensive software and information aggregation companies. Georgian Partners leverages its capital and its team of strong global operators to support the growth objectives of its investments. Georgian Partners is based in Toronto, Ontario. For more information on Georgian Partners, go to www.georgianpartners.com.
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AERS and Terapeak