WALNUT, Calif. – GigaCloud Technology, a provider of global end-to-end B2B e-commerce solutions for large parcel merchandise, has completed the acquisition of a 100% equity interest of Apexis Inc., a Florida corporation dba Wondersign, for a total cash consideration of $10 million, subject to customary purchase price adjustments.
Wondersign is a cloud-based interactive digital signage and e-catalog management SaaS company headquartered in Tampa, with access to thousands of storefronts across the United States through its customers. Wondersign develops and maintains “Catalog Kiosk,” a digital catalog software.
“We are thrilled to announce this acquisition of Wondersign, which brings together our technology-driven GigaCloud Marketplace with the expertise and extensive network of Wondersign, further accelerating our reach to brick-and-mortar retail stores,” said Larry Wu, founder, chairman and CEO of Gigacloud. “One of the key strategic advantages of this acquisition is the ability for us to launch an exciting new solution, the GIGA IQ package, our new innovative solution package which is expected to enhance the transaction experience for both users on our GigaCloud Marketplace and traditional retail customers from brick-and-mortar stores.”
Starting with Wondersign’s Catalog Kiosk, the GIGA IQ package will be equipped with additional modules to enable interactive personalized product recommendations. Other functions, such as seamless products search and transaction on the kiosk, would allow customers to find and purchase products from GigaCloud Marketplace through the integrated system.
Gigacloud’s goal is to make GigaCloud Marketplace a customer-facing and seamless platform, providing a user-friendly experience for both platform participants and retail store customers.
“With access points to approximately 2,500 storefronts through its customers, Wondersign significantly broadens our reach to the physical retail stores nationwide,” said Iman Schrock, president. “This strategic acquisition opens new avenues for our marketplace, providing enhanced access to our extensive online catalog. We believe the combination would empower retailers to efficiently manage their supply chains, ultimately boosting transactional effectiveness and contributing to the overall enhancement of the ecosystem.
“The integration of Wondersign’s catalog management tools positions us to capitalize on substantial opportunities within the brick-and-mortar retail landscape.”