Zmags accelerates mobile growth with $7 million in financing


Mobile Commerce
Top rich media mobile and social merchandising provider, Zmags, has announced that it has achieved financing worth $7 million from Square 1Bank as well as its current investors, Northcap Partners and OpenView Venture Partners.

This additional funding has come at a time when Zmags has every intention to build on its customer portfolio by adding world-class, innovative consumer brands and retailers such as Express, Kenneth Cole, and Tesco. Those organizations are already using CommercePro, from Zmags, to form consistent and intelligent marketing and merchandising campaigns using the power of platforms for e-commerce, mobile commerce, and tablet commerce.

Currently, Zmags is among the most rapidly growing North American technology companies, holding the 70th spot on the Deloitte 2011 Technology Fast 500, as it has seen a revenue growth of 1,730 percent when compared to the figures in 2006.

The most recent wave of investment into Zmags will permit that company to maintain its intentions for global development for its CommercePro, which is its SaaS platform which brings commerce transaction capability integration right into the catalog and digital merchandising environments, which makes it easier for retailers to unburden themselves of many of the constraints in IT that they would otherwise face.

CommercePro is currently pushing for an increase of up to 500 percent in its page views, with a boost of over 40 percent in the size of orders, and a growth of 100 percent in conversions, which will notably raise the outcomes achieved from the core e-commerce platforms of the brands and retailers.

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