Press Release Fast Growing API-Based Commerce Platform Vendor commercetools Invests $17 million in International Growth and Development

commercetools author image Stephanie Wittmann
Stephanie Wittmann
September 2018

New Offices in APAC, UK and Benelux Aimed at Driving Growth Through Expansion of Partner Network and Support of Global Enterprise Clients.

Munich (Germany) / Durham (USA), September 20, 2018  commercetools, a global leader in next-generation commerce software, is one of the fastest growing commerce platforms in the industry.  To further fuel the company’s growth, commercetools is investing $17 million in expansion in the Asia-Pacific region, as well as in the United Kingdom, the Benelux, Scandinavia, and North America. Global services expansion as well as the development and enhancement of the company’s technology are the two primary investment goals. As such, commercetools is further expanding its support and operational services to support customers and partners worldwide. New offices are planned for London and Singapore.

Commerce Platform Vendor commercetools Invests in International Growth

Global presence and focus on innovation

We have been rated “Visionary” in the Gartner 2018 Magic Quadrant for Digital Commerce Platforms. We do not want to rest on these laurels. Since the founding of commercetools in 2006, our team and our partners have been working passionately on making e-commerce as simple and flexible as possible for our customers – in a rapidly evolving market. This investment will allow us to enable more partners and support our global enterprise customers.¹
Dirk Hoerig

CEO and Co-Founder, commercetools

Global analyst firm Forrester also recognized commercetools recently, naming the company a “Contender” in the Forrester Wave: B2C Commerce Suites, Q3 2018. In the report, Forrester gave commercetools the highest possible scores in the platform architecture, product vision and road map, and delivery model criteria.  According to the report, “The platform is ideal for those planning to take a ‘strangle and replace’ approach to migrating off a legacy platform. Its true value is to those who want to deliver the next generation of commerce experiences."²

Parent company REWE Group is proud of the development of the company.

commercetools aims to become the market leader in cloud-based eCommerce software for modern retail companies. We support them and rely on the technology of commercetools regarding the further development of our own e-commerce offerings.
Jan Kunath

Deputy Chairman of the Executive Board, REWE Group

¹ Gartner, “Magic Quadrant for Digital Commerce,” Penny Gillespie, Jason Daigler, et al., 5 June 2018

² The Forrester Wave™: B2C Commerce Suites for Q3, 2018; Forrester Research, Inc.

commercetools author image Stephanie Wittmann
Stephanie Wittmann
September 2018

Latest Press Releases