VANCOUVER, BC, June 10, 2021 /PRNewswire/ – Cymax Group, a number one eCommerce expertise options and companies supplier within the residence class, proclaims a change to its company identify efficient June 1, 2021. Beforehand Channel Gate Applied sciences Inc. DBA Cymax Group, the corporate will now be named Cymax Group Applied sciences Ltd., to raised replicate its bold imaginative and prescient for the way forward for eCommerce.
“As Cymax Group Applied sciences, we keep the spirit and legacy of the corporate as an early innovator within the eCommerce ecosystem, recognizing our beginnings promoting media furnishings on-line whereas leaning into who we’re right this moment – a gaggle of manufacturers devoted to serving to retailers design digital commerce methods that scale and energy progress,” stated Riz Somji, CEO of Cymax Group. “This can be a refresh. A shift symbolizing the impressed ingenuity with which we now have all the time approached the design and improvement of latest instruments that we share with our shoppers.”
The identify change comes on the heels of a monumental yr for the corporate that just lately reported vital year-over-year progress within the first quarter of 2021, following a yr of historic will increase in gross sales and revenue in 2020. Somji firmly believes that the accelerated progress in on-line purchasing fuelled by COVID-19 mixed with basic shifts in shopper habits in right this moment’s market economic system, presents a major alternative to assist companies develop strategic and scalable eCommerce options.
This pattern has led to the continual investments in expertise and folks to help the corporate’s strategic enlargement and mission of simplifying eCommerce. It indicators a confidence in Somji that Cymax Group will proceed its trajectory of progress, enabling retailers to reach a web based residence class estimated to achieve USD 177B in gross sales by 2025.
“Promoting furnishings on-line is tough. Whereas sourcing and transport are apparent boundaries, so is the difficult infrastructure of expertise and companies required to make it work,” stated Somji. “On the way in which to turning into one of many largest on-line furnishings retailers in North America via our personal boutique marketplaces Homesquare and Cymax Enterprise, we grew to become actually good at constructing the expertise, programs and companies required for fulfillment. The proprietary expertise we have constructed in-house over 17 years has paved the way in which for Cymax Group to develop into a fast-growing eCommerce SaaS supplier.”
Channel Gate, the corporate’s AI-enabled multichannel commerce platform helps retailers launch shortly and scale throughout a number of marketplaces, whereas Freight Club, a transport administration software program, presents real-time entry to an unlimited community of carriers and charges in any other case out of attain for smaller retailers. In a class the place transport can shortly dissolve margins, particularly within the face of present provide chain obstacles, Freight Membership presents a technique to compete and ship an distinctive shopper expertise.
Since March 2020, Cymax Group has enabled numerous different retailers to construct their companies on-line–together with these getting into on-line markets “late within the recreation” who’ve wanted to ascertain and scale on-line gross sales shortly to remain afloat throughout the COVID-19 pandemic.
In the identical interval, Cymax Group has grown its headcount 70%, together with an enlargement of the management crew with the important thing appointments of Byron Thom as senior director and advisor to the CEO and Brad Kent as vice chairman of analytics and engineering. The corporate has deliberate additions to its Board of Administrators, which already consists of Loads of Fish founder Markus Frind and Framework Enterprise co-founder Andrew Lugsdin.
“Once I grew to become CEO, my precedence was to recapture the core values that make us a expertise chief,” provides Somji. “We’re relentless – obsessed, actually – with being the very best companion to retailers. We champion an open ecosystem that permits firms of any dimension to entry and assemble the elements required for fulfillment, expertise and companies designed over almost 20 years.”
About Cymax Group:
Cymax Group is a number one supplier of eCommerce expertise and companies that allow seamless activation and scale from design to supply. By way of boutique marketplaces Homesquare and Cymax Enterprise, Cymax presents unique entry to new markets and customers; Channel Gate delivers built-in tech and companies throughout main marketplaces, and Freight Membership gives retailers entry to an expanded service community and enterprise charges via its logistics tech platform.
SOURCE Cymax Group Applied sciences Ltd.
— to www.prnewswire.com