Tuesday, June 07, 2011
Rakuten Acquires Brazillian Ecommerce Platform
TechCrunch had the best write-up on this so I'm just going to link you to that.
"Japanese online retail juggernaut Rakuten is expanding its reach to South America with the acquisition of a 75% stake in Ikeda, a provider of e-commerce services to many of Brazil’s largest retailers.
Financial terms of the deal were not disclosed.
Founded in 1996 and headquartered in São Paulo, Ikeda provides retailers with a SaaS e-commerce platform, enabling its customers to help build their desired features and provides advisory services to support their online retail operations.
Ikeda currently provides services to over 100 major retailers located all over Brazil."
I look forward to working with our new friends in Brazil :)
Just my 15%