Tokyo, Japan (PRWEB) May 16, 2013
transcosmos inc. (Headquarters: Tokyo, Japan; President and COO: Masataka Okuda; TSE First Section: 9715; hereafter, transcosmos) has agreed to enter into a strategic and equity partnership in eCommerce outsourcing with PFSweb, Inc. (Headquarters: Texas, USA; CEO: Mike Willoughby, NASDAQ: PFSW, hereinafter, PFSweb), a leading US end-to-end eCommerce outsourcing services provider. In conjunction with the agreement, transcosmos will acquire 3,214,369 shares of PFSweb common stock, equivalent to 19.99% of shares outstanding post transaction at a price of $ 4.57 per share. transcosmos will account for its investment in PFSweb through the equity method. Through this alliance, transcosmos is launching a full-scale entry into eCommerce outsourcing in the US and the EU, in order to provide eCommerce business support for Japanese companies, as well as to support PFSwebs clients for their eCommerce expansion in the Japanese market. To promote this alliance, a transcosmos representative will join PFSwebs Board of Directors.
PFSweb is an eCommerce outsourcing company which has operational hubs in the US, Canada, the EU (Belgium) and the Philippines. The company provides end-to-end eCommerce solutions which include fulfillment services, call center and customer care support, online payment transactions and interactive marketing, as well as system integration with global standardized eCommerce platforms and order management systems.
All the areas PFSweb operates including fulfillment centers/distribution centers in the US, Canada, Belgium are approximately 193k square meters, which would be approximately 4.1 times as big as the Tokyo Dome.
transcosmos has been providing analytics and research, interactive marketing, eCommerce website development and call center solutions as part of its global eCommerce expansion service, supporting clients who are expanding their eCommerce operations in the Asian markets, including China and South Korea. Through this strategic and equity partnership, transcosmos will now be able to offer global eCommerce outsourcing services in the US and the EU, expanding its capabilities to a total of 10 different languages* including Japanese, Chinese and Korean. In addition, PFSweb operates 6 fulfillment centers, which provide receiving/picking/shipping/return and gift wrapping , and will enable transcosmos to provide fulfillment services to clients as an end-to-end provider with a one-stop solution.
*Japanese, Chinese, Korean, English, French, German, Italian, Spanish, Portuguese, Dutch.
Masataka Okuda, President and COO of transcosmos, said: I am delighted that we found a strong partner for our US and EU expansion in PFSweb. This partnership will bring real benefits to our clients in Japan, China, Korea and internationally, and also for leading US and EU brands who want to enter the Japanese, Chinese and Korean eCommerce market.
PFSweb provides a unique set of solutions for clients in both eCommerce technology, operational efficiencies, improved customer experiences and lowering of costs, and we will make sure that all our customers benefit from the global footprint and this set of capabilities, which matches transcosmos own unique expertise.
I am very pleased to be entering into this strategic relationship with transcosmos as we seek together to create a unique global end-to-end multi-channel eCommerce solution for PFSweb and transcosmos clients, said Mike Willoughby, CEO of PFSweb. Through this relationship, PFSweb will be able to leverage its iCommerce omni-channel commerce solution to immediately seek to enable selected current transcosmos clients to launch their brands in North America and Europe. We will also look to combine our iCommerce solution with transcosmos’ Asian market capabilities, including best-of-breed strategy and analytics, interactive marketing services, eCommerce web site development and customer care services to enable current and prospective PFSweb clients to efficiently and effectively move into these valuable Asian markets.
Company name: PFSweb, Inc. (NASDAQ: PFSW)