Market Overview

Staples Acquires Runa

Staples (NASDAQ: SPLS), the world's second largest internet retailer,
announced today it has completed the acquisition of Runa, a software
company based in San Mateo, Calif. that helps online retailers increase
sales by personalizing the shopping experience. Terms and conditions of
the acquisition were not disclosed.

“Runa has a unique platform and outstanding talent with experience in
e-commerce and online marketplaces,” said Ronald Sargent, chief
executive officer and chairman, Staples. “With Runa, we're adding
technology to better serve our customers with personalized items,
offers, and delivery estimates, all in real-time. Runa will allow us to
tap into the wealth of engineering and e-commerce expertise in the
Silicon Valley area.”

See full press release

Posted-In: News Guidance Financing Contracts Management M&A Global

 

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