Amazon acquires Veeqo, a start-up that helps sellers manage their online businesses

Key Facts

• Mike Segar | Reuters Amazon has bought Veeqo, a company that makes tools to help online businesses sell products on and off Amazon.
• Amazon is estimated to claim about 40% of the nation's e-commerce sales, but has long been interested in claiming a share of sales on other digital platforms like eBay, Etsy, Shopify and Walmart.
• "We plan to continue investing in new features and improvements to help Veeqo serve sellers globally from its home in Wales, facilitate growth for sellers' multichannel businesses and enhance the experience of their customers."
• Founded in 2013, Veeqo is based in Swansea, Wales, and provides software that helps retailers manage their online businesses across e-commerce platforms, including Amazon, eBay, Shopify and Walmart, ranging from order shipping and returns, to keeping track of what products are in stock.

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