CMG to Acquire E-Commerce Firm
Page 1 of 1
CMG Information Services, Inc. announced it will acquire On-Demand Solutions, Inc., (ODS) a provider of electronic commerce fulfillment solutions and turnkey supply-based management services.
On-Demand Solutions will become a wholly-owned subsidiary of CMG and will be integrated into SalesLink, an already existing subsidiary.
While terms of the agreement were not disclosed, the deal is valued at approximately $7 million, according to a statement released by CMG.
ODS provides clients with "web-to-warehouse-to-customer" e-commerce fulfillment solution designed to integrate with a company's existing back-end systems and data resources.
ODS services include e-commerce Web site design, hosting and maintenance; site marketing support, online customer profiling and site statistics reporting; secure online shopping, payment functionality and credit card order processing. It also provides traditional fulfillment services such as order processing and product fulfillment, and marketing collateral manufacturing and fulfillment.