ChannelAdvisor celebrates a record £250 million online Christmas

Richmond, London – January 15, 2007 –ChannelAdvisor, the leading provider of online auction management tools, today announced 97% year-on-year growth in the UK and transactions worth over 250 million pounds sterling in global gross merchandise value (GMV) during the holiday season. At the peak of the online shopping period, ChannelAdvisor broke all previous records by processing over £5 million worth of transactions per day.

In addition, the company’s flagship product, ChannelAdvisor Merchant has been selected as a CODiE Award Finalist by the Software & Information Industry Association (SIIA) in both Best Business Software Solution and Best eCommerce Solution categories. CODiE Award Finalist were chosen by a panel of industry expert judges who evaluated products to determine the solutions that bring the most value and represent the highest impact to business operations.

“The 2007 CODiE Finalists represent real winners, even at this stage of the contest,” said Ken Wasch, SIIA President. “Competition is fiercer than ever and that makes selection as a CODiE Finalist a major achievement. All the companies on this year’s list should feel justifiably proud of their recognition.”

“ChannelAdvisor is honoured to have been selected as a finalist for these prestigious awards. To be recognised by SIIA as one of the best eCommerce solutions for 2007 validates the hard work our team has done to deliver a product that is truly exceptional,” said Scot Wingo, CEO of ChannelAdvisor. “We’re equally as thrilled by the record performance we achieved with the help of our customers during the busy 2006 holiday season.”

To find a complete list of all of the Finalists for 2007, please visit: http://www.siia.net/codies/2007/finalists.asp.

About ChannelAdvisor Corporation
ChannelAdvisor Corporation provides technology and services that enable industry-leading retailers and manufactures to sell their products across multiple online marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Froogle and search engines such as Google, Yahoo! and MSN. ChannelAdvisor processes over $100m/month (greater than $1.2B/yr) in gross merchandise value on behalf of its customers. ChannelAdvisor solutions combine best practices, innovative software applications and integration technology to dramatically accelerate online channel sales. ChannelAdvisor's customers include Nokia, GSI Commerce, Sears and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Seattle, the United Kingdom and Germany. For more information, visit:
http://www.channeladvisor.com/uk

Contact:
Dan Alder, Joseph Thomas
Brands2Life
Ph: +44 (0) 2075921200
ChannelAdvisor@Brands2Life.com

Published on: 12:00AM on 17th January 2007