Recent acquisition of Indaba and corporate name change represent the first steps in the Company’s plan to aggressively expand its presence in the high-growth, cloud-based e-commerce and mobile commerce market
SANTA BARBARA, CA – October 13, 2015 – CloudCommerce, Inc. (OTCQB: CLWD), a global provider of cloud-driven e-commerce and mobile commerce solutions, today released its three-year plan describing its growth-by-acquisition strategy.
The Company’s three-year plan can be found at its corporate website, titled CloudCommerce Growth by Acquisition Executive Overview.
Recently, CloudCommerce (formerly Warp 9, Inc.) has undergone significant changes designed to spur growth, including the corporate name change, as well as reaching the completion of a deal to acquire 100% of Indaba Group, LLC. Indaba is a rapidly growing provider of enterprise digital commerce and digital marketing services, based in Denver, Colorado. The Company intends to aggressively pursue the acquisition of other revenue-producing digital commerce firms, with a goal of becoming a leading global provider of cloud-driven e-commerce and mobile commerce solutions.
CloudCommerce has targeted the high-growth online retail market that according to eMarketer, accounted for 5.9% of the total retail market worldwide in 2014, or $1.316 trillion. Another reason the Company expects significant growth is due to the market opportunity presented by the lack of e-commerce integration in cloud-based marketing, recently highlighted by IT research analyst firm Ovum.Additionally, Alibaba recently announced a $1 billion investment in cloud computing to better compete with e-commerce giant Amazon.com, a move indicative of the opportunity for growth in the rapidly expanding cloud-driven market.
“We believe our three-year plan to grow by acquiring profitable cloud-driven firms reflects our commitment to be a leader in e-commerce and mobile commerce solutions,” said Andrew Van Noy, CEO of CloudCommerce. “There are many large players in this industry, including Oracle, Adobe, IBM and SalesForce, yet no definitive solution for sellers seeking cloud-based e-commerce and mobile commerce solutions has emerged. We intend to become that player.
Van Noy concluded, “We believe our team of professionals has developed an outstanding process that makes us an asset to businesses and organizations of any size seeking to use the cloud to drive revenue and facilitate marketing and operations processes. We are confident that our strategy and business model will result in increased value for our shareholders.”
CloudCommerce, Inc. is a global provider of cloud-driven e-commerce and mobile commerce solutions. Through our wholly owned subsidiaries, we provide online merchants and leading brands with complete solutions for successfully conducting business with customers anytime, anywhere and on any device. Whether it is selling products or services online or making business processes available on the cloud, we deliver solutions that maximize user experience with real-time integration to enterprise applications. We focus intently on four main areas to deliver exceptional value to our customers: engaging frontend design, robust backend integration, effective digital marketing and analytics, and complete solutions management. To learn more about CloudCommerce, please visit www.cloudcommerce.com.
Forward Looking Statements
Matters discussed in this shareholder letter contain forward-looking statements 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 forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks 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, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, 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.