A private investment firm, Hudson Hill Capital ("HHC") founded by Eric Rosen, has announced today that it has made a substantial majority investment in MarketTime, a SaaS platform that facilitates wholesale retail commerce between brands, manufacturer representatives, agents and retailers by providing a comprehensive set of features.
MarketTime's software platform was founded in 2008 to provide tools to sales representatives and agencies to automate the wholesale transaction process and has expanded to offer a similar platform to manufacturers as well.. The purpose of these order management products is to automate the repeated interactions between buyers and sellers in wholesale retail commerce, replacing the processes of paper, pencil, email, and Excel with automated processes. Aside from offering branded websites that can be customized for brands, the company also offers analytics tools to brands, agencies, and retailers
Aside from offering branded websites that can be customized for brands, the company also offers analytics tools to brands, agencies, and retailers
According to Chris Happ, Chief Executive Officer of MarketTime, the platform facilitates wholesale retail commerce worth more than $6 billion each year. We provide customers with the backbone of their order management processes, automating the repeated interactions between buyers and sellers, as a result of our technology. As a result of the collaboration between us and the HHC team, we are delighted to be able to enhance our product offerings and expand our reach, thereby providing greater value to our customers."
According to Eric Rosen, Managing Partner at Hudson Hill Capital, "This transaction fits well within the HHC approach to investing, which focuses on providing founder-led companies with the tools to leverage their growth through the application of the HHC playbook in the appropriate cases.". MarketTime has a number of exciting offerings and we see opportunities to expand the platform's features in order to enhance the customer's experience to the fullest by further automating the wholesale commerce workflow in order to enhance the customer experience. As part of the process of driving greater customer success, we look forward to working with Chris and the other senior management members on our platform to increase the total Gross Merchandise Value (GMV) of the customers on our platform
 As part of the process of driving greater customer success, we look forward to working with Chris and the other senior management members on our platform to increase the total Gross Merchandise Value (GMV) of the customers on our platform
As part of the partnership, HHC will be partnering with two members of the firm's Strategic Advisory Board: Christine Lee and Todd Johnson.. Dear Ms.. In addition to his 35 years of experience working in the payments processing sector, Lee was most recently the CEO of BillingTree when it was sold to Repay Holdings. In addition to her extensive experience in the industry, Ms.. In his role as president of the Electronic Transactions Association, Lee served on the board for more than a decade. I am Mr.. Johnson has had more than 25 years of experience working within software companies at the intersection of the retail supply chain and the consumer market. Previously, he has worked as General Manager and Chief Commercial Officer of Blue Yonder, CEO of DiCentral, President of TrueCommerce, and President of CommerceHub, among others. In addition, they serve as members of MarketTime's Board of Directors
In addition, they serve as members of MarketTime's Board of Directors
In addition, Mr. Rosen said that he was looking forward to working with Chris and Todd, who will be responsible for the payment processing capabilities and product development and marketing efforts, respectively. Our Portfolio Transformation Group (PTG) has already begun working closely with MarketTime's management team to enhance their efforts across a number of dimensions.
To MarketTime, Canaccord Genuity LLC acted as financial advisor, and Sidley Austin LLP acted as legal advisor, while Winston & Strawn LLP acted as legal advisor to Hudson Hill.
The mission of MarketTime is to become the technology platform of choice for some of the most innovative B2B sales organizations in the world.. It is MarketTime's mission to provide stakeholders with fully integrated hybrid SaaS and cloud-based applications that meet three crucial needs: to make product discovery and ordering easier for buyers, to make organizing and sharing information intuitive and secure for sellers, and to save time and money for all ecosystem participants by integrating hybrid SaaS and cloud-based applications.. Currently, the company facilitates more than 4 million orders per year for more than 300,000 retailers, with more than 350 sales agencies, 7,000 sales representatives, and over 7,000 brands making use of the platform each year
Currently, the company facilitates more than 4 million orders per year for more than 300,000 retailers, with more than 350 sales agencies, 7,000 sales representatives, and over 7,000 brands making use of the platform each year
Visit www.markettime.com or schedule a demo to learn more about how MarketTime can help you grow your business.
Hudson Hill is an innovative real estate company based in New York City (www.hudsonhill.com)..hudsonhillcapital.It was founded by Eric Rosen, Jason Palmatary, and Alexander Stacy in 2001 as a private investment firm.  In contrast to the prevailing short-term orientation of the private equity industry, HHC invests in families, entrepreneurs, and management teams who are looking for a long-term, patient, and reliable source of capital.  As a strategic investor, Hudson Hill invests its own capital as well as that of like-minded partners in attractive growth-oriented opportunities in industries that enjoy long-term secular growth tailwinds. The industries in which HHC focuses include business services, software, and financial services
The industries in which HHC focuses include business services, software, and financial services
Contact details for the media:Chris TofalliChris Tofalli Public Relations, LLC914-834-4334
Hudson Hill Capital is the source of this information
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