Vendio announced it has acquired a significant controlling interest in Andale, a provider of listing management and research services for sellers on eBay, and has appointed five directors to the Andale seven-member Board of Directors. Terms of the investment were not disclosed.
Vendio CEO Rodrigo Sales said, "Vendio and Andale have complementary strengths that have helped us collectively lead the industry as the two largest sales management providers with the most innovative applications for online merchants. We look forward to sharing the knowledge and relationships we've gained managing our profitable, growing business over the last four years with the Andale team. From economies of scale and category and geographic expansion to new services and technologies, this deal will result in a host of lucrative new opportunities for both companies and the customers they serve."
The newly appointed Board of Directors named long time Andale executive, Ravi Garikipati, as Andale’s new Chief Executive Officer upon the recent resignation of Linda Hayes, who departed to explore another opportunity. Garikipati will manage the daily Andale operations as the two companies determine the best ways to leverage their respective strengths going forward.
Garikipati said, "We've always had great respect for one another and recognized that if our complementary strengths and knowledge were leveraged, we would lead the industry with the most comprehensive and innovative solutions for online sellers. There’s no doubt that our combined expertise and experience will deliver great new products for the entire industry.”
Vendio and Andale are working closely on several strategic initiatives that will produce new and expanded services for the entire seller community, while also exploring ways to further enhance Andale's industry leading research solutions and Vendio’s recently launched comparison shopping toolbar, Dealio.
Vendio was founded in January 1999 and is privately held. It recently celebrated its third year of profitable growth, and is headquartered in Silicon Valley with offices in Eastern Europe.
Andale is headquartered in Sunnyvale, California and opened offices in Bangalore, India, in 2002.
