Victoria-based Advanced Ecommerce Research Systems (Advanced) announced earlier this week that it has closed $4 million in funding from growth equity firm Georgian Partners. The funds will be used to accelerate the company’s already impressive growth and expand its data aggregation capabilities.
Advanced is a leader in ecommerce market research and payment analytics and is the sole licensor of eBay data globally. The company provides Terapeak-branded SaaS solutions to e-commerce merchants around the world. Terapeak products aggregate over 20% of all online commerce sales data to help merchants make faster, more-profitable business decisions based on real-time market trends, pricing, and transaction data.
“AERS chose to work with Georgian Partners because of their specific market knowledge of big data and applied analytics as well as their team of operational domain experts from the enterprise software and information management space who can support the management team in accelerating growth,” said Fred Speckeen, CEO of AERS. “The funding and guidance from Georgian Partners will allow us to expand our product offering and truly establish ourselves as a global leader in real-time ecommerce analytics. Our goal is to become the single source for aggregated, real-time, on-demand data that represents a large percentage of all online commerce. Together we are bringing what were formerly ‘big company’ data analytics and market research to all ecommerce merchants.”