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Article: GSI Commerce to Acquire Retail Convergence and Enter Private Sale Space with Addition of Rue La La.
- Article from:
- Life Science Weekly
- Article date:
- November 10, 2009
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GSI Commerce Inc. (Nasdaq:GSIC), the leading provider of e-commerce and interactive marketing services, announced it has signed a definitive agreement to acquire Retail Convergence Inc. ("RCI"), a Boston, Mass.-based company that operates RueLaLa.com, a leader in the private sale space and SmartBargains.com, an off-price e-commerce marketplace. The acquisition of Rue La La and SmartBargains.com furthers GSI's evolution as an innovative global e-commerce platform capable of managing all aspects of online sales and interactive marketing for leading retailers and consumer brands (see also GSI Commerce Inc.).
The transaction is valued at up to $350 million, including ...
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