4 September 2019 (Deerfield, IL, USA) Fog Software Group ("FOG"), a division of Constellation Software Inc. [TSX: CSU], has completed its acquisition of the Volo Commerce Origin platform ("Volo Commerce").
UK-based Volo Origin is a powerful, multi-channel e-commerce platform with a broad feature set that has been serving customers for over 15 years in the UK and abroad. FOG has deep retail and e-commerce experience and saw the Volo Origin platform as a great opportunity to expand its reach into the UK market with a strong product and a dedicated, passionate team.
Volo Commerce will continue to run as an independent business unit with the support of FOG both financially and operationally.
“The discovery of Volo Origin’s broad feature set initially attracted us to this opportunity and, having met the team and seen their passion to support both customer growth and product development, we’re really excited about the future of the business,” notes Sandy Scott, Portfolio Manager, Retail, Textile, and Apparel Tech at FOG.
Mr. Scott also will join Volo Commerce as CEO to lead the team commercially and operationally. Chris Farrelly, founder of Volo and platform creator, has re-joined the leadership team as CTO and will provide the evolving vision for the platform as well as lead engineering.
‘Having originally founded the business, I can’t wait to roll out our new product development strategy and to act on customer feedback to ensure our business priorities are centered around their core requirements,” said Mr. Farrelly. “I am extremely passionate about the platform and am thrilled to be part of its continued success.”
The Volo Commerce team is committed to ensuring a positive client experience for its market-leading platform. With the input of customers and the investment from FOG, the business plans to strengthen client support while innovating the platform to ensure it enables customers to meet their business goals now and in the future.
“We are delighted that Volo Commerce and its talented team will continue independently with FOG. The Volo Commerce Origin platform has enabled hundreds of merchants and brands to expand their marketplace businesses over the years and I wish it every continued success,” noted Ben White, CEO and Chairman of Volo AI, which will continue as a separate company under a new name.
The acquired business will operate as Volo Commerce at the www.volocommerce.com domain.
Volo Commerce has over a decade of multichannel e-commerce experience working closely with merchants and brands selling across international marketplaces like Amazon and eBay and website platforms. Volo combines powerful, end-to-end automation with marketplace know-how and account management expertise to grow sales, increase efficiencies and remove complexity for retailers.
Brands that trust Volo include Dixons Carphone, OFFICE and Superdry. Volo provides e-commerce ERP to a community of online multichannel merchants in all sectors. The company processes annually more than 14 million orders and helps ship over 25 million parcels internationally.
Customers on average achieve over 50% revenue increase in their first year working with Volo and 100% by the end of the third year. Volo headquarters are in the UK.
Fog Software Group is a division of Vela Software and Constellation Software, Inc. [TSX: CSU]. The companies acquire, manage, and build software companies in a variety of vertical markets. By helping their acquired companies improve operations, grow through organic initiatives, and seek additional acquisitions that can strengthen their market position, their portfolio companies maintain clear leadership in their respective industries.