Company Research Report: Rithum
Company Overview
Name, Mission, and Vision
- Name: Rithum
- Mission: Build profitable and lasting commerce businesses for the world’s greatest brands, retailers, and suppliers.
- Vision: Create a better, more sustainable world where brands, suppliers, and retailers enrich people’s lives through connected commerce.
Founding and Key Milestones
- Founded: 1997 as CommerceHub
- Significant Events:
- 1998: CommerceHub signs QVC as the first customer
- 2001: ChannelAdvisor is founded
- 2006: Comcast/QVC invests significantly in CommerceHub
- 2013: ChannelAdvisor goes public on NYSE
- 2015: CommerceHub acquires Mercent
- 2016: CommerceHub goes public on NASDAQ
- 2017: ChannelAdvisor acquires HubLogix
- 2018: CommerceHub is acquired by GTCR and Sycamore Partners
- 2020: CommerceHub acquires Dsco
- 2020: ChannelAdvisor acquires BlueBoard
- 2020: Insight Partners makes a strategic investment in CommerceHub
- 2022: CommerceHub acquires ChannelAdvisor
- 2023: CommerceHub and ChannelAdvisor rebrand as Rithum
Key People
- Aarthi Ramamurthy: Chief Technology and Product Officer
- Lou Keyes: Chief Revenue Officer
- Doug Wolfson: General Counsel and Secretary
- Erik Morton: SVP of Strategy
- Janay Jespersen: SVP of People Strategy
Headquarters
- Global Headquarters: 1201 Peachtree St NE, Suite 600, Atlanta, GA 30361-3510, USA
- EMEA Headquarters: 33 Kingsway, London WC2B 6UF, UK
- Asia-Pacific Headquarters: Suite 247, Level 2, Two Melbourne Quarter, 697 Collins Street, Docklands 3008, Australia
Number of Employees
- Employees: 1,000+ worldwide
Revenue
- Annual GMV: $50B+
Company Highlights
- Known For: Rithum is known for being the world's leading connected commerce network that connects over 40,000 brands, suppliers, and retailers across 420+ marketplaces and retail sites, processing over 400 million orders annually.
Products
Overview
Rithum offers end-to-end commerce solutions tailored for both retailers and brands:
- Commerce Solutions
- Multichannel reach expansion across the largest e-commerce network
- Marketing Solutions
- Retail media and performance marketing services
- Delivery Solutions
- Fulfillment, logistics, and delivery capabilities
- Supplier Discovery Solutions
- Supplier onboarding and performance reporting
Key Product Features
- Connect: Sell products through trusted e-commerce network
- Market: Market through optimal channels at the right time
- Sell: Convert more consumers into loyal shoppers
- Fulfill: Integrate fulfillment and logistics for smarter delivery
- Optimize: Create amazing shopping experiences
Recent Developments
New Products and Features
- Marketplace and Advertising Channel Expansion:
- Supports over 360 marketplaces and retail sites globally
- Added 20 new marketplaces ranging from arts & crafts to automotive, consumer electronics, and home goods
Partnerships
- Notable Partnerships:
- Marks & Spencer expanded product selection through Rithum's unified marketplace
- Superdry increased marketplace sales by 67% through Rithum’s expertise and guidance
- Belk experienced a 36% YoY GMV growth with updated supplier onboarding processes
Technological Enhancements
- AI and ML Integration:
- Advanced automation for campaign creation, management, and automated bidding for digital advertising
- User Experience:
- Shoppable Media solutions like Buy Now Interstitials to shorten the path to purchase
Industry Recognition
- Digital Commerce 360:
- Named #1 Channel Management Vendor since 2013
- Amazon Ads Advanced Partner:
- Top 5% of partners for 2023
- Google Premier Partner:
- Top 3% of partners for 2023
- eBay Gold Partner and Walmart Connect Partner for API integrations and advertising
Contact Information
- Phone: 866-264-8594
- Email: customersupport@rithum.com
This report compiles available data on Rithum to provide a comprehensive overview. For further details and inquiries, visit [Rithum's website](https://www.rithum.com).