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Gigacloud Technology Inc Announces Acquisition Of Wondersign

PUBLIC · GCTNov 16, 2023

Acquiring Company

GigaCloud Technology

Acquired Company

Wondersign

El MonteTampaSoftwareE CommerceMarketplaceLogistics

Description

GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that it has completed the acquisition of a 100% equity interest of Apexis, Inc., a Florida corporation dba Wondersign (“Wondersign”), for a total cash consideration of $10.0 million, subject to customary purchase price adjustments. Wondersign is a cloud-based interactive digital signage and e-catalog management SaaS company headquartered in Tampa, Florida with access to thousands of storefronts across the United States through its customers. Wondersign develops and maintains “Catalog Kiosk,” a leading digital catalog software that allows retailers to display an endless aisle of products and better connect with today’s omni-channel shoppers.

Quick answer

GigaCloud Technology is acquiring Wondersign, announced November 16, 2023. GigaCloud Technology is based in El Monte, California, United States.

How much did GigaCloud Technology pay for Wondersign?
The deal value was not disclosed.
What does GigaCloud Technology do?
GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise.
Where are GigaCloud Technology and Wondersign based?
GigaCloud Technology is based in El Monte, California, United States. Wondersign is based in Tampa, Florida, United States.
Who are the decision-makers at GigaCloud Technology?
Fundz holds 2 contacts at GigaCloud Technology. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

GigaCloud Technology

Location

El Monte, California, United States

About

GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. The Company’s B2B ecommerce platform, which it refers to as the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. The Company offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/.

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Frequently asked

Who acquired Wondersign?

Wondersign was acquired by GigaCloud Technology, based in El Monte. The deal was reported on November 16, 2023. GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise. GigaCloud Technology is publicly traded (GCT) and operates in Software.

When did GigaCloud Technology acquire Wondersign?

GigaCloud Technology's acquisition of Wondersign was reported on November 16, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Wondersign do?

Wondersign® Helps Retailers Stay Competitive! Wondersign is a software company headquartered in Tampa, Florida with offices in California, Illinois and Switzerland. It is privately held, and is based in Tampa.

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