Boston, MA 10/14/2014 (wallstreetpr) – According to reports, Speed Commerce Inc (NASDAQ:SPDC) has decided to adjoin hands with Lowe’s Companies, Inc. (NYSE:LOW) with the objective of powering its e-commerce platform in Mexico location. SPDC is one of the well-known companies in the field of e-commerce. It’s Omni-channel e-commerce services are used by a lot of clients across the world.
Insights of the deal:
Speed Commerce Inc (NASDAQ:SPDC) And Lowe’s Companies, Inc. (NYSE:LOW) has come-up with a high level, effectively customized e-commerce offering for Lowe’s Companies. LOW is the second largest customized home improvement solution provider of the country. With the help of SPDC’s e-commerce solutions, LOW wants to expand its services in Mexico area. Management of the company expects it a game-changing deal for the company. After the execution of this deal, people who live in Monterrey, Nuevo Leon area of Mexico will be able to shop for more than 5000 high-quality items of LOW. Buyers will be able to collect bought items from the store of the company in that area, or these items will be shipped to their homes. Users can use the official website of LOW i.e. www.Lowes.com.mx for all the shopping related needs. As per the information, it will continue to expand its operations in the near future.
The newly announced e-commerce deal will include Omni-channel order management system of SPDC, which will enable LOW to ship items from and to stores, as well as buyers’ locations. According to Doug Robinson, Head of International Development and Operations, LOW, e-commerce is the key to success in today’s fast-paced business environment. The deal with SPDC will surely serve company’s short term and long term purpose. Lowe’s Companies, Inc. (NYSE:LOW) has been expanding its operations internationally; hence, deals like this will help it offering highest level of services to all the domestic customers. At the same time, Richard S Willis, CEO of Speed Commerce Inc (NASDAQ:SPDC) told reporters that this deal was one of the steps taken by the company for enhancing its service portfolio.
