Reno, NV — May 3, 2017 — Vander Group continues to expand its global capabilities with the announcement of its partnership with Brazilian technology platform VTEX. This partnership comes amid continued growth early into Q2 of 2017.
Earlier this week, Vander Group also announced its merger with S86, a Los Angeles-based Omnichannel Advisory Group; accelerating Vander Group’s global commerce initiatives with fully integrated Omnichannel offerings and solutions.
With VTEX, Vander Group looks to spearhead market penetration for North American and European merchants looking to build a footprint in Latin America (LATAM).
LATAM continues to be a hotspot in the adoption of eCommerce and according to research, eCommerce sales in LATAM are expected to grow at a 30% annual compound rate until 2018. By the end of the period online trading will reach $84.9 billion in the region, says market research firm Télam. Additionally, retail sales in Latin America reached $1.8 million in 2015, according to eMarketer.
Together, Vander and VTEX form a powerful bond for merchants that need to rapidly scale up their infrastructure in LATAM. Vander Group CEO, Sergio Villasenor stated, “Partnering with VTEX provides more than just a platform; as an organization, they provide our group the ability to better understand the economic and socioeconomic climates in Latin America. Enabling our teams to build products and strategies that account for local expectations; in addition to, having a technology support team that can provide enterprise-level support.”
With this partnership, Vander Group and VTEX will provide services and solutions for North American and European merchants that look to enter LATAM.
Vander is the leading Global Commerce solutions provider with an innovative approach and methodology integrated across experience-driven creative, management, research, strategy, and technology. Accelerating the rate at which People and Product connect; transforming brands by re-defining their customer experience and re-shaping their Omnichannel strategies.
VTEX has been proving itself as a world leader in ecommerce solutions since 2000. As one of the largest partners of Amazon Web Services (AWS) and the owner of patented SmartCheckout technology, among others, VTEX supports major brands and retailers with plans for localized global expansion. A trusted partner of over 1,000 stores in the United States, Canada, Europe, and Latin America, VTEX annually manages a Gross Merchandise Volume worth billions of USD.