eBay Enterprise

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eBay Enterprise
Formerly called
  • Global Sports Incorporated
  • GSI Commerce
Subsidiary
Industry e-Commerce marketing services
Founded 1995
Founder Michael G. Rubin
Headquarters King of Prussia, Pennsylvania, United States
Key people
Craig Haymen (CEO)
Revenue Increase US$ 1.24 billion[1] (2014)
Number of employees
5,000[2]
Parent eBay[3]
Website ebayenterprise.com

eBay Enterprise (formerly GSI Commerce) is an eBay company since June 20, 2011 specializing in creating, developing and running online shopping sites for brick and mortar brands and retailers.

The company also provides a variety of marketing, consumer engagement, customer care, payment processing, fulfillment, fraud detection, and technology integration services. eBay Enterprise has over 500 clients and operates 26 offices in North America, Europe, and Asia. It provides services for companies such as Zales,[4] iRobot,[5] Timberland, Ace Hardware, Sports Authority, Dick's Sporting Goods, and RadioShack.[6]

History[edit]

Originally founded by Michael G. Rubin in 1995 as Global Sports Incorporated, the company focused on selling sporting goods and supplies.[7] In 1999 it branched out into clothing and a variety of other categories and changed its name to GSI Commerce in 2002.[8] Toys "R" Us, one of GSI's largest e-commerce partners, chose GSI after suing Amazon.com for breach of its exclusivity contract.[6] In October 2000, GSI acquired FogDog.com, an online sporting goods store.[9] In August 2007, GSI acquired Accretive Commerce, a company with a similar business model, for $97.5 million.[10] In 2008 it was announced that Innotrac, a similar e-commerce company with fulfillment centers located throughout the United States, would be acquired, however, the deal was canceled in January 2009.[11] The company acquired e-Dialog in 2008;[12] as well as Retail Convergence, operators of Rue La La and Smartbargains.com, in 2009.[13]

In September 2008, GSI and Timberland reached a settlement of up to $7,000,000 with a class of cell phone subscribers who alleged that they received unsolicited SMS text messages advertising for Timberland.[14] Both Timberland and GSI have denied any wrongful conduct and stated that a completely separate and independent company was responsible for securing the consents of the class members to receive the text messages.[15] The settlement is significant as it is the first nationwide settlement for unsolicited text messages under the Telephone Consumer Protection Act.[16]

On March 21, 2010, the company and its former CEO, Michael Rubin, were featured on the CBS television series Undercover Boss.[2] On March 28, 2011 it was announced that eBay Inc. would acquire GSI for $2.4B. The deal was closed on June 20, 2011.[3]

On June 20, 2013, the company announced that it will be retiring the GSI Commerce name in favor of eBay Enterprise.[17]

On July 16, 2015 Permira, an international private equity firm signed a definitive agreement to acquire eBay Enterprise from eBay Inc. for $925 million.[18]

List of acquisitions by eBay Enterprise[edit]

  • FogDog (2000)[9]
  • Accretive Commerce (2007)[10]
  • e-Dialog (2008)[12]
  • Pepperjam Network (2009)[19]
  • Retail Convergence (2009)[13]
  • FetchBack (2010)[20]
  • ClearSaleing (2011)[21]


References[edit]

  1. ^ Bensinger, Greg; Tan, Gillian (July 15, 2015). "EBay Nears Deal to Sell eBay Enterprise Unit for Around $900 Million". The Wall Street Journal (New York). Retrieved 2015-07-25. 
  2. ^ a b "GSI Commerce". Undercover Boss. Season 1. Episode 6. March 21, 2010. CBS. Retrieved 2010-03-21. 
  3. ^ a b Rao, Leena (June 20, 2011). "eBay Closes $2.4 Billion Acquisition of GSI Commerce". TechCrunch. Retrieved 2015-07-25. 
  4. ^ PR Newswire: Gordon's Jewelers Launches Its First Webstore with E-Commerce Solution Partner GSI Commerce May 11, 2007
  5. ^ PR Newswire: iRobot Selects GSI Commerce for its E-Commerce Solution
  6. ^ a b Regan, Keith (March 3, 2006). "Toys 'R' Us Wins Right to End Amazon Partnership". E-commerce Times. Retrieved 2010-03-14. 
  7. ^ Huang, Patricia (July 6, 2006). "America's Youngest CEOs". Forbes. Retrieved 2010-03-14. 
  8. ^ "Our History". GSI Commerce. 2009. Retrieved 2010-03-14. 
  9. ^ a b Sandoval, Greg (October 24, 2000). "Web site developer buys sports site Fogdog". CNET. Retrieved 2015-07-26. 
  10. ^ a b Tedeschi, Bob (August 27, 2007). "Late to Web Retailing? There’s Still Money There". The New York Times (New York). Retrieved 2010-03-14. 
  11. ^ "Innotrac merger with GSI Commerce canceled". Philadelphia Business Journal. January 29, 2009. Retrieved 2010-03-14. 
  12. ^ a b Katz, Julie M. (January 24, 2008). "Independent ESP e-Dialog Makes Out Well In Acquisition Deal". Forrester Research. Retrieved 2015-07-26. 
  13. ^ a b Stone, Brad (October 27, 2009). "Operator of ‘Private’ Web Sales Is Acquired". The New York Times (New York). Retrieved 2015-07-26. 
  14. ^ Weinstein v. Airit2me, Inc. et al., No. 06-C-0484 (N.D. Ill. 2008)
  15. ^ "GSI Commerce, Timberland in tentative settlement in text message case". Philadelphia Business Journal. September 15, 2008. Retrieved 2010-03-14. 
  16. ^ "Timberland laces up $7M text spam settlement". Mass High Tech. September 23, 2008. Retrieved 2010-03-14. 
  17. ^ "Ebay Enterprise". eBay. 2013. Retrieved 2013-06-20. 
  18. ^ Krishna Kumar, Devika; Goliya, Kshitiz (July 16, 2015). "EBay sells enterprise unit ahead of PayPal split". Reuters. Retrieved 2015-07-25. 
  19. ^ Allabaugh, Denise (December 27, 2009). "Job losses, takeovers and growth mark 2009 in Luzerne County". The Times-Tribune (Scranton). Retrieved 2015-07-26. 
  20. ^ Schonfeld, Erick (June 1, 2010). "FetchBack Fetches $40 Million From GSI Commerce". TechCrunch. Retrieved 2015-07-26. 
  21. ^ Martinez, Juan (January 10, 2011). "GSI Commerce acquires ClearSaleing". Direct Marketing News. Retrieved 2015-07-26. 

External links[edit]