Internet Capital Group Takes Stake In ECredit.com - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Internet Capital Group Takes Stake In ECredit.com

Internet Capital Group, a venture-capital holding company that invests in E-commerce sites, said today that it will pay $450 million in a stock swap to acquire a 30% stake in the E-commerce financing site eCredit.com.

Privately held eCredit.com connects businesses to lending institutions through its Global Financing Network to shorten processing time for credit and financing applications.

The arrangement fills a hole in ICG's portfolio, analysts say. "This is a good move for ICG," says Varda Lief, senior analyst Forrester Research Inc. "The future of business-to-business marketplaces is connected to services. The transaction itself will be a commodity, and the way to tie in customers is to have services like financing available."

The deal will benefit eCredit, which has had great success in winning accounts on its own, by allowing it to leverage ICG's relationships with other E-commerce accounts."They have a lot of influence that we can use," says Peter McKay, president of eCredit.com. "Being associated with a leader in the market will certainly benefit us."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Where Cloud Spending Might Grow in 2021 and Post-Pandemic
Joao-Pierre S. Ruth, Senior Writer,  11/19/2020
Slideshows
The Ever-Expanding List of C-Level Technology Positions
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/10/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll