SANTA BARBARA, CA--(Marketwired - March 31, 2015) - Warp 9, Inc. (
Earlier this month Amazon completed the purchase of 2lemetry, a four-year-old Denver company providing technology that helps power web-connected refrigerators, cars, consumer goods, etc. through its ThingFabric platform. The company has significantly decreased the complexity and ramp-up time for implementing IoT solutions -- making it possible within days or hours compared to months or years.
In late 2014, Warp 9 announced its own acquisition strategy to accelerate and build upon the strong organic growth it has already achieved. That acquisition strategy, which parallels Amazon's recent efforts, was highlighted by Warp 9's plan to purchase companies that are experts in the various digital commerce services that are needed to increase sales and decrease costs for online merchants. The initial focus would be on experts in the Magento eCommerce platform.
"Seeing Amazon grow its business through strategic acquisition, while knowing that we are trying to mirror that same growth model at Warp 9, gives us great confidence as a company that we are on the right track for continued success," said Andrew Van Noy, CEO of Warp 9. "Amazon saw a need within their business for IoT technology, and rather than attempt to create services from scratch, it identified an industry leader that it could acquire and bring tremendous value to the Amazon brand. We hope to continue to grow Warp 9 in a similar way."
Van Noy concluded, "At the end of the day, the goal is to continue to provide our customers with the most robust eCommerce and cyber security solutions possible, and we believe we can do that by bringing other small to medium sized providers into the fold and consolidate them into the Warp 9 digital enterprise. Doing so will only enhance our already stout service offerings, while improving our own company's bottom line, so we are very excited about what the future will bring."
About Warp 9
Since 1998, Warp 9, Inc. is the premier provider of eCommerce solutions for midsize online sellers. Offering fully managed Software-as-a-Service web and mobile eCommerce technology, Warp 9 allows customers to focus on their core online businesses, rather than on technical implementations. To learn more about Warp 9, please visit www.warp9inc.com or on Twitter at www.twitter.com/warp9inc, or on Facebook at www.facebook.com/warp9inc.
Safe Harbor Statement
Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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