Espotting Media (renamed MIVA) was Europe's leading performance-based advertising medium. In 2004, Espotting Media was acquired by the FindWhat.com Group in a merger and acquisition strategy that brought together numerous companies from around the globe. The new entity was renamed MIVA (NASDAQ: MIVA) and currently serves more than 100,000 companies across three continents grow their businesses through performance marketing services.
MIVA Headquarter Location
Kansas City, Missouri,
Latest MIVA News
Nov 30, 2021
Under Armour has rolled out Nedap’s iD Cloud inventory visibility platform, which will be deployed throughout 400 of its owned and operated stores worldwide. In the first phase of the rollout, Under Armour aims to lay a scalable foundation, both operationally and technologically, for the program and to achieve accurate stock visibility in its stores in an effort to optimize item availability and efficiency gains in key day-to-day processes. The iD Cloud platform can give retailers real-time, item-level insights into their stock levels, and says it can determine the exact location of each item across stores. The objectives for future phases of RFID are threefold: enhance Under Armour’s real-time view of inventory in stores to further drive operational efficiencies, leverage RFID to drive innovation in consumer experiences and identify opportunities to leverage RFID across the company’s supply chain. By improving in-store accuracy through RFID, Under Armour wants to create a more seamless and connected shopping experience across all consumer touch points. With increased inventory visibility, tighter supply and demand alignment and investments in channel-agnostic technology, the athleticwear and footwear retailer believes it has a better chance to meet the consumer wherever and whenever they are. Additionally, with RFID, Under Armour feels it can make stronger data-driven decisions to drive more profitable sell-through across retail. “At Under Armour, we are focused on growing our direct-to-consumer (DTC) distribution channels,” said Bob Neville, vice president of global retail in a statement. “With that in mind, it is crucial that we invest in solutions that will improve the experience of our target consumer, the focused performer, when shopping at Under Armour. We don’t see RFID as a nice to have, we see it as vital to bringing the retail experience to the next level. We are excited to partner with Nedap to bring this to life in our stores around the world.” Under Armour selected Nedap iD Cloud due to the platform’s scalability and simplified interface, as well as Nedap’s global presence . The RFID-based retail cloud platform is connected to more than 10,000 stores worldwide. Cross-border commerce Global-e/Flow Commerce Global-e has acquired fellow cross-border e-commerce software provider Flow Commerce Inc. for as much as $545 million in equal portions of cash and Global-e shares. The acquisition is expected to strengthen Global-e’s offering and capabilities, allowing the Israel-based platform access to an additional addressable market of small merchants not currently eligible to use its services. Global-e’s end-to-end, localized service has a mission to make global commerce “border agnostic.” The platform is designed to allow merchants to tailor the online shopping experience to the preferences and behaviors of shoppers in different markets to enhance and accelerate online sales and conversions. Perks include local pricing in more than 100 currencies, local messaging and a seamless checkout experience supported in more than 25 languages. In leveraging Flow’s API-based technology, which caters to the SMB demographic, Global-e says it can now provide these sellers with both lightweight integration and advanced self-service capabilities, alongside data models and AI-algorithms for conversion optimization. The acquisition is expected to allow Global-e to expand the scope of its exclusive relationship with Shopify to offer certain cross-border services to e-commerce giant’s more than 1.7 million customer merchants. Concurrent with this expanded relationship, Global-e agreed to issue to Shopify a warrant for approximately $70 million in Global-e shares. Shopify already bought 7.75 million shares in Global-e in the wake of its April IPO, acquiring a then-6.5 percent stake in the company. The deal’s base consideration is approximately $425 million and adds up to approximately $75 million based on certain financial results in 2021, plus approximately $45 million in Global-e shares for certain assumed, performance-based vesting warrants for Flow shares. Flow is expected to generate approximately $20 million in net revenue in calendar year 2021. The transaction is expected to close during the first quarter of 2022, subject to customary conditions, including regulatory approvals. Digital River/Gorilla Group Digital River , a global commerce, payments and marketing services, has partnered with B2B and DTC consultancy and services provider Gorilla Group to help brands expand their e-commerce operations. With Digital River’s Global Seller Services now integrated within the Gorilla IQ solution for Adobe Commerce , both B2B and B2C brands now can leverage the e-commerce solution to expand to global consumers in weeks, the company says. The integration with Gorilla’s proprietary quick-launch commerce solution is designed to reduces the risk and complexities of global expansion, while still bringing customers localized experiences. Armed with APIs that provide a localized approach for payments, fraud mitigation, tax and compliance already built-in, brands can focus their efforts on features such customer experience and go-to-market strategy. An Adobe Accredited Partner Solution, Gorilla IQ is built to offers onshore and cross-border options for both physical and digital products. Headquartered in Minneapolis, Digital River partners with more than 2,100 global brands across the Americas, Europe and Asia. E-commerce Shoppable Shoppable, an e-commerce platform provider that built out a patented “universal checkout technology,” has launched Instant Shop, a new platform designed to allow a shop owner to create and launch an online custom branded shop in as little as 20 minutes. Additionally, Instant Shop offers direct affiliate marketing sales features in an effort to protect seller commissions and improve follower engagement. The new revenue channel is currently in an exclusive beta and available to those who sign up for the waitlist, available on the Shoppable website. Shoppable will give users priority access from the waitlist based on the depth and breadth of their following and their placement. Shoppable expects to fully launch Instant Shop in Spring 2022 after collecting user feedback and optimizing the platform for both shop owners and consumers alike. Instant Shop drives commissions on sales through a white label e-commerce platform that does not require the shopper to redirect to a third-party website to place an order. The embedded white label solution can therefore eliminate most opportunities to lose a sale from broken links or coupon sites, earning the credit for their sales via “last-click” attribution, thus preserving sales and commissions. Influencers, publishers and content creators can embed Instant Shop into an existing website or can use the solution as a stand-alone pop-up on the Shoppable domain with their brand name or username. Shop owners can develop their storefront using their own logos, colors and other branding components in the setup experience. An example of an Instant Shop storefront. Instant Shop benefits from the catalogue Shoppable already maintains with major retailers and brands through its suite of services, including the power to process sales from multiple merchants in a single transaction and ship directly to consumers. Users can begin selling from the existing Shoppable catalogue or can import their own. In either scenario of use, retailers and DTC brands fulfill all orders, preventing influencers or shop owners from carrying inventory or managing product delivery and drop shipping. Shop owners can also customize the storefront with images and social videos and can change and adjust the storefront at any time through the simple web-based portal. Product images, prices and item descriptions come directly from retailer catalogs, but shop owners can create various sections or shop categories based on interests, trends or brand partnerships. Instant Shop extends sales data to shop owners while also offering campaign tracking and custom shop links that allow a consumer to complete a purchase from any number of retailers and in what the company says is as little as two clicks. Instant Shop also provides shop owners web-based shop analytics and order data reports, providing an always-on dashboard of first-party sales data and insights outlining top selling products, top converting traffic sources and order conversion, among other things. Shop owners can then use those insights to inform content strategy, brand partnerships and shop assortment and selection in real time. The shop owner will receive 100 percent of all earned commissions and any brand sponsorships and paid placements they sell or secure. Shoppable will offer multiple options for Instant Shop license packages. Miva Miva, a mid-market and enterprise e-commerce platform, has secured an undisclosed equity investment from Boston-based growth-focused private equity firm, Equality Asset Management. The company will continue to be led by CEO, Rick Wilson. The platform is designed to equip retailers, wholesalers and distributors with the tools and capabilities needed to scale their e-commerce operations. The company aims to improve the agility of its B2B and DTC customers at every step of the sales journey by integrating with existing systems, delivering curated shopping experiences and creating a customizable online store for direct sales. First Analysis acted as the exclusive financial advisor to Miva for the transaction. Sheppard Mullin LLP acted as legal advisor to Miva. Goodwin Procter LLP acted as legal advisor to Equality. Online checkout Bolt/Tipser Bolt , an e-commerce platform provider known for what it calls “single sign-on checkout” capabilities for retailers, has acquired Tipser, a Swedish-based checkout technology, to help roll out its newest feature, Remote Checkout. The terms of the deal have not been disclosed. Tipser’s “embedded commerce” technology is designed to allow consumers to purchase products natively on any surface—whether that be an online publication, a mobile marketplace, a price comparison site, a social media platform or a search engine. This type of feature is becoming more popular in the wake of livestreaming and other social commerce innovations such as Instagram Shop . In a release, Bolt cited the Pew Research Center, highlighting that 84 percent of shoppers look for insights on at least one social media platform before purchasing. The checkout provider also pointed to data from Inmar Intelligence, which said that 52 percent of socially engaged shoppers have initiated a purchase through a social platform. Bolt will build upon Tipser’s technology, including its publisher marketplaces, touchless merchant integrations and headless implementation capabilities to enhance the newly launched Remote Checkout solution. With both the Tipser platforms and the Bolt SSO Commerce in tow, Remote Checkout is built to enable publishers who struggle to build direct relationships with their consumers to leverage Bolt’s one-click account creation and tap into a new network of shoppers. With SSO Commerce, shoppers can already access one-click checkout with a single account across all participating merchants, such as Forever 21 , Lucky Brand, Casper and Badgley Mischka, instead of redirecting them to another site. The launch of Bolt’s Remote Checkout enables shoppers to check out directly and safely at any point of inspiration, whether that’s on a content website, a social network or a shopping app. Publishers and creators can monetize traffic by offering their visitors an instant in-app or onsite one-click checkout and ideally convert these visitors into loyal shoppers, instead of sending them away to other sites via affiliate links. Additionally, merchants use the checkout to potentially boost conversion rates while ramping up revenue and account creation via the Bolt network, all while being able to receive and manage orders from multiple channels (as if the remote checkout is taking place natively on their websites). Now, both the shoppers in the Bolt network, alongside publishers like Bustle, The Zoe Report, W Magazine, Elle, Cosmopolitan and InStyle can build direct relationships with their visitors by unlocking SSO Commerce, turning anonymous visitors into logged-in account holders. “BDG partnered with Tipser earlier this year to launch a pioneering commerce initiative across our sites that allows our readers to seamlessly transact on our content through a native checkout. Tipser’s platform has been instrumental in providing us with an elevated shopping experience for our readers,” said Jason Wagenheim, President and CRO at BDG (formerly known as Bustle Digital Group). “We clearly see the benefits of adding Bolt’s one-click checkout and account creation capabilities to what we have already built with Tipser, and we are so excited to expand our commerce offering in 2022 for our readers and retail partners alike.” With this acquisition, Bolt says it will soon be powering one-click checkouts on remote surfaces throughout the U.S., Canada, the U.K, and all E.U. territories. In fact, Tipser’s presence in Sweden will now also serve as Bolt’s European headquarters to go with the company’s recent announcement of expanding into Europe. Marketplaces Fabric Fabric , a “headless commerce” product that leverages APIs to help merchants build and customize online customer experiences, has introduced Fabric Marketplace. The offering is built to increase the number of products available to brands and merchants to sell, and provide them with an end-to-end drop shipping solution. Fabric Marketplace allows merchants of all sizes to connect with any vendor, as well as launch, operate and scale curated marketplace programs. On the brand side, the seller won’t need to pay any warehousing costs and can minimize last-mile costs since their is no need to warehouse the goods. Items ship directly from Fabric Marketplace vendors to customers. Faisal Masud, Fabric’s CEO, said in a statement that historically, brands have not prioritized assortment expansion via marketplaces due to loss of control with customer experience. However, in allowing both drop shipping and third-party selling through the marketplace, Masud said brands and retailers can regain control. Within Marketplace, self-serve supplier onboarding tasks are carefully designed so that they are easy to complete and provide maximum education and integration capabilities to both new and experienced drop ship trading partners. The merchandising engine is built to validate supplier product attributes, imagery and pricing data, enabling merchants to receive consistent and reliable product information. Transactions are automated via in-house EDI, API or through any official integrations with leading storefront, OMS, and/or ERP platforms. Finally, compliance and exceptions management utilities provide full visibility into the timely delivery of orders ensuring the best possible customer experience. Together, these features can provide merchants with quicker setup, added merchandising options, visibility into order management and fulfillment, and a 24/7 view of vendor fill times, unit economics, delivery times and inventory updates. Merchants have more control to create and manage a custom, curated product offering that complements and enhances their existing assortment. “At Modsy, we are experts at interior design and product sourcing. Having a broad range of vendors and items to meet our customer’s needs is critical to our success,” said Shelly Gardner, vice president of marketplace at Modsy, a leading online interior design service. “Fabric Marketplace makes expanding our curated product selection easy, which gives us more options to present in our designs. We have a diverse customer base with a broad aesthetic range and budget expectations. They aren’t settling for a ‘close to but not perfect’ design, so we rely on Fabric Marketplace to allow us to create ‘wow’ designs filled with curated products unique to them.” Tags