PFSweb, Inc. (NASDAQ: PFSW), a global commerce service provider, has completed the acquisition of Conexus Limited, a U.K.-based eCommerce system integrator.
Based in Basingstoke, Hampshire (U.K.), Conexus is a leading consultant and system integrator for omni-channel commerce solutions. The company has engaged with some of the world's leading brands to help them grow, and partners with leading business and technology companies, including SAP Hybris, Rackspace, and others.
"As we've stated in the past, expanding our system integrator presence in Western Europe was the next logical step in our acquisition strategy," said Mike Willoughby, CEO of PFSweb. "Conexus' strong footprint in the U.K. further enhances our status as a leading SAP Hybris integrator and strengthens our position as a platform-agnostic global commerce service provider. Leveraging our long-term presence in Europe and our world-class European client portfolio, we plan to expand their service offerings into other commerce markets in Western Europe."
Conexus services include strategic consulting, system integration, and managed services. The company provides these solutions to enable B2B, B2C, mobile and digital commerce across the globe. Conexus supports a staff of approximately 65 professionals and is currently projecting approximately $7 million of revenue in calendar year 2016, with the majority of that revenue expected to be recognized in the first half of the year due to seasonality. PFSweb expects the transaction to be accretive to its Adjusted EBITDA performance.
Conexus Managing Director Paul Lynch commented: "PFSweb shares our commitment to providing the world's leading brands and retailers with best-in-class commerce solutions. We believe our clients will greatly benefit from the additional capabilities that PFSweb can provide, and look forward to accelerating our growth in new markets by leveraging their global footrpint."
Conexus will become a wholly-owned subsidiary of PFSweb, and will initially operate under the name "Conexus, a PFSweb Company."
For more information on Conexus, please visit the company's website at www.conexus.co.uk.
About PFSweb, Inc.
PFSweb (NASDAQ: PFSW) is a global commerce service provider of solutions including digital strategy consulting, digital agency and marketing services, technology development services, business process outsourcing services, and a complete omni-channel technology ecosystem. The company provides these solutions and services to major brand names and other companies seeking to optimize every customer experience and enhance their traditional and online business channels. PFSweb supports organizations across various industries, including Procter & Gamble, L'Oreal, LEGO, Columbia Sportswear, ASICS, Roots Canada Ltd., PANDORA, Diageo, BCBGMAXAZRIA, ROKA Sports, T.J. Maxx, the United States Mint, and many more. PFSweb is headquartered in Allen, TX with additional locations in Tennessee, Mississippi, Minnesota, Washington, New York, Ohio, North Carolina, Canada, Belgium, London, Munich, and India. For more information, please visitwww.pfsweb.com or download the free PFSweb IR App on your iPhone, iPad, or Android device.
