Venda Inc
| Company type | Private |
|---|---|
| Industry | Ecommerce software |
| Founded | 1998 |
| Founder | Dan Wagner, James Cronin |
| Defunct | 2014 |
| Fate | Acquired by NetSuite |
| Headquarters | New York City , United States |
Area served | Worldwide |
| Products | Ecommerce software as a service platform |
| Parent | NetSuite (since 2014) |
Venda, Inc. operates as a technology firm focused on delivering ecommerce software as a service solutions.
The company offers a multi-tenant eCommerce platform that complies with PCI-DSS Tier One standards and is provided through a SaaS model. Secure payment processing is facilitated by partners Atos Origin and PayPal.
Established by eCommerce pioneer Dan Wagner alongside James Cronin, a former employee of Boo.com, Venda was formed utilizing assets acquired from the defunct Boo.com. The initial website launched in 2001. Venda remained a privately owned entity with investments from individuals, private equity, and institutional stakeholders. Its main office is located in New York City, supported by additional branches in London and Bangkok.
The company received recognition from New Media Age as Site of the Week for its work on the Virgin Megastores website and was placed 41st on the "Tech Track 100" list in September 2006.
In 2014, Venda was purchased by NetSuite in a transaction valued at $50.5 million.
References
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