Boston, MA 06/27/2014 (wallstreetpr) – eBay Inc (NASDAQ:EBAY) has hired a new executive for its Enterprise division. The company made the hire from International Business Machines Corp. (NYSE:IBM). The executive is Craig Hayman, who was behind IBM’s businesses such as cloud computing solutions. He has more than 30 years in the field of enterprise technology where he has held various leadership positions.
According EBAY Chief Executive Officer John Donahoe, having Hayman on the leadership team of the company is an added advantage for the company’s customers and shareholders. The CEO further stated that Hayman’s experience will enhance the ability of eBay Inc (NASDAQ:EBAY) to meet and even exceed the needs of its retail customers.
On his part, Hayman thinks his move to EBAY is an honor and believes he will play a key role in the building of the “purpose driven company” as it seeks to facilitate global scale commerce.
Enterprise Business
In addition to its well-known marketplace business and payment service, eBay Inc (NASDAQ:EBAY) also helps retailers to provide top-notch services to their own customers. That is its enterprise business. The enterprise division provides a wide range of retail solutions such as order management and shipping from different store locations.
eBay Inc (NASDAQ:EBAY) enterprise segment is still a small business because it contributes the smallest revenue to the company. Nonetheless, it is a promising operation considering that it added about $1.11 billion net revenue to the company’s top line last year. That revenue figure accounted for 6.9 percent of the total revenue realized in the year.
Diversified Business
As competition in the online marketplace grows intense, eBay Inc (NASDAQ:EBAY) has been seeking to diversify its operations in efforts to increase revenue and mitigate the impact of the competition. As such, providing assistance to retailers is one of the fastest growing and promising segments of the company.
The company is also giving special focus to its online payment service PayPal. It recently fought hard to stop calls by activist investors for the spinoff of the payment business. eBay Inc (NASDAQ:EBAY) cited that the company was better off with PayPal as part of its business rather than a standalone company.
