Momentum Acquires Strategic Assets From Novator Systems
Leading Virtual Retailer eCommerce Platform Expands Momentum Offerings
Toronto, ON, Canada – August 10, 2011 – Momentum Advanced Solutions, the digital services division of OnX Enterprise Solutions Ltd., announced that it has acquired certain strategic assets from Novator Systems Ltd., significantly expanding Momentum’s eCommerce product offering and further accelerating the company’s growth. This acquisition provides Momentum with additional high-profile global clients, a team of talented, proven eCommerce experts, and ownership of one of the Internet’s most robust eCommerce platforms.
"With the addition of the Novator team and resources, Momentum is even better positioned to meet the explosive demand for eCommerce services by large retailers around the globe,” said Lasse Silegren, Senior Vice President and General Manager of Momentum. “We are excited to add these new capabilities to our suite of proprietary, performance-based eCommerce, mobile and social commerce outsourced services and solutions, and to serve these additional world class clients.”
Momentum delivers fully outsourced, performance-based eCommerce programs to clients in the loyalty, telecommunications, software and retail sectors. The performance-based nature of its engagements fully aligns the company’s success with that of its clients. Momentum's outsourced offerings include eCommerce strategy, online merchandising, customer acquisition, custom website development, system integration and hosting/cloud services.
About Momentum
Momentum Advanced Solutions is a division of OnX Enterprise Solutions Ltd., recognized as one of Canada's 50 Best Managed Companies. Momentum's digital services team provides performance-driven digital programs, leveraging in-house services including digital strategy, creative design, application development, search engine marketing, analytics and business intelligence, system integration, release management and quality assurance services. Momentum provides innovative digital solutions that build stronger connections with people. Momentum is a performance-based digital marketing and business solutions leader that helps enterprises get more from their technology and marketing investments. For more information, please visit digital.momentum.com.
Media Contacts:
Lauren Dresnick
New Venture Communications
ldresnick@newventurecom.com
650-343-2735