Economic Development Leader Predicts Explosive Growth in 2014
COLUMBUS, Ohio – nChannel, a Columbus, Ohio-based cloud-based retail management platform provider for multi-channel sales retailers, has been named one of five startups to watch in 2014 by the regional economic development group Columbus 2020.
According to Victor Thorne, managing director, strategic development for Columbus 2020, nChannel is poised for exponential growth over the next three to five years.
“nChannel CEO Steve Weber is a great representation of the type of entrepreneur that Columbus 2020 wants to attract,” explains Thorne. “Steve came into the region, became quickly incubated and supported, grew a talented team, and acquired a significant client base.”
With support from Columbus 2020, nChannel was able to identify needs early and connect to resources such as TechColumbus and Ohio TechAngel Funds to place them on the path to strong growth, adds Thorne. The company captured significant clients early on and retained a recurring revenue stream while growing its customer base, making it a very appealing choice as a startup to watch in 2014.
nChannel’s services for retailers include connecting existing sales systems with external sites. Its subscribers sell more than 1.8 million products in more than 530 brick-and-mortar, marketplace, and online stores. In 2013, more than 660,000 consumers spent in excess of $225 million with nChannel subscribers, including more than $12 million in eBay and Amazon transactions. The growing startup, launched in July 2011, has connected to 17 other platforms, has established 28 authorized resellers, and has maintained a 23 percent monthly growth rate over the past year.
About nChannel: (www.nchannel.com)
nChannel, Inc., creator of the leading cloud-based multi-channel management software solution, provides retailers the tools to manage multiple sales channels with unprecedented ease and flexibility. Through its Multi-Channel Management (MCM) AppSuite, nChannel helps retailers become the most convenient shopping choice for both B2C and B2B customers. The suite includes applications that create efficiencies in merchandising, order management, inventory, customer interaction, supply chain integration and analytics between brick and mortar stores, web stores, online marketplaces and back-end systems.
About Columbus 2020: (www.ColumbusRegion.com)
Columbus 2020 is a public-private partnership that leverages the strengths of the Columbus region’s talented workforce, small and large businesses, research and academic institutions, and international connections to ignite economic growth and build a healthier, more sustainable future for central Ohio. The initiative grows the economy by ensuring that existing companies are growing and thriving, that the world’s leading companies are attracted to the 11-county region, that innovations are cultivated and commercialized, and that the civic infrastructure is continually improving to meet the challenges of a rapidly evolving world economy.