ChannelAdvisor Buys MarketWorks

ChannelAdvisor Corp., a Morrisville, N.C.-based provider of channel management solutions, has acquired rival Marketworks Inc. of Atlanta. No financial terms were disclosed.


ChannelAdvisor has raised over $64 million in total VC funding, from backers like Advanced Technology Ventures, Kodiak Venture Partners, New Enterprise Associates, TriState Investment Group, eBay Inc., Atlantis Group, Montagu Newhall Associates and Southern Capitol Ventures.


Marketworks had raised around $17.5 million in VC funding from Crosslink Capital, First Data Corp., Imlay Investments, Council Ventures and Atlanta Technology Angels.