Myplanet secures funding to expand its position as the largest composable commerce consultancy in North America

0

Strong adoption of composable commerce by retailers around the world provides huge opportunities for growth and helps Myplanet secure Tercera’s investments

TORONTO, August 22, 2022 /PRNewswire/ – Myplanetthe composable commerce specialist, today announced that it has received $11 million in financing of Tercerus, a growth-focused investment firm specializing in cloud professional services. With this investment, Myplanet will expand its position in this rapidly growing space by deepening its MACH Alliance partnerships, delivering innovative new pre-packaged accelerators that democratize access to composable commerce and doubling the size of its global talent base.

For over a decade, Myplanet has worked with some of the world’s most influential organizations on their digital experiences, leading over 100 business projects for companies including New Balance, UNTUCKit and Google. With nearly 200 experts, Myplanet is the largest composable commerce specialist in North America and a premier partner of MACH leaders such as commercetools, Elastic Path, Contentful, Contentstack, Fluent and NewStore.

“We’re at an inflection point in commerce. Before it was a shopping cart and a buy button; now it’s experiences, subscriptions, consumption and connected devices,” said Jason Cotrell, CEO and founder of Myplanet. “Composable commerce enables retailers to tap into this future and increase speed, reduce expenses and create interconnection. With this injection of capital from Tercera, a company that deeply understands the space, we can accelerate this shift and become the place to go for composable commerce.”

“Myplanet is an undisputed leader in API-driven commerce,” said Kelly Gotsch, chief strategy officer at commercetools. “There’s a reason our work together has won awards. This team is the complete package and any retailer looking to make the switch will be wise to turn to Myplanet. This investment will further boost their team, and in its tour the entire MACH Alliance ecosystem.”

Today’s retailers are faced with a true “multiple problem” – how to deliver a seamless customer experience across multiple channels, brands, geographies, languages, currencies and business models – and the monolithic commerce solutions of the past cannot not keep pace. APIs and composable commerce solutions help retailers solve this multiple problem. By 2023, Gartner predicts that half of new commerce capabilities will be delivered as API-centric services.

“What the cloud did for computing, composable does for commerce,” said Bill Small, Partner at Tercera. “Myplanet’s rich history in creating digital experiences has given it an inside view of the changing space and customer needs. We are thrilled to partner with Jason and his diverse and incredibly talented team to make Myplanet a world leader and the start -to the MACH service partner.”

Bill Smallwith partner Tercera michelle swanwill join the Myplanet Board of Directors.

Tercera’s investment will also be used to advance Myplanet’s portfolio of composable commerce accelerators, which provide over 35 pre-packaged integrations to different MACH solutions. Nearly 80% of current Myplanet customers use its Composable.comMT Accelerators to move faster to this new architecture, with less risk. The company plans to release additional accelerators for mobile and retail data over the next 12 months.

Retailer of luxury men’s clothing Harry Rosen entrusted Myplanet with the management of its ambitious digital transformation. Using MACH technologies to create a composable commerce solution helped the program win a prestigious award recently MACH Award for Best Retail Project.

“Creating premium experiences for our customers is the gold standard for Harry Rosen and working side by side with Myplanet has made this program a resounding success,” said Ian RosenPresident and Chief Operating Officer of Harry Rosen. “Myplanet’s mix of strategic knowledge, technical expertise and willingness to roll up our sleeves has created a platform that truly sets us apart.”

Additional Resources:

About Tercera

Tercera is an investment and advisory firm founded to accelerate the growth of people-centric businesses. Specialized in $460 billion cloud professional services market, the Tercera team is made up of committed operators who know first-hand what it takes to build and scale a successful cloud services business. For more information visit: https://www.tercera.io/.

About Myplanet

Myplanet, a certified company B Corp, specializes in composable commerce, customer data and retail data platforms. With over a decade of experience in digital programs, the company has worked with leading brands on impactful projects, developing deep capabilities in data-driven design, AI implementation and customization, while forming strong partnerships with technology leaders as a member of the MACH Alliance. . Myplanet shapes the way organizations use technology to deliver contextual, multi-interface experiences that enable them to achieve their business goals. For more information visit: https://www.myplanet.com/

SOURCE My Planet

Share.

Comments are closed.