Seller Labs Completes Spin-off of Popular Social Deals Website Snagshout.com
Tuesday, June 6th, 2017
Seller Labs, LLC announced it will spin off its social deals website Snagshout.com into an independently owned company. Customers who have been using Snagshout.com will now be working with Snagit, LLC. The strategic goal of this spinoff is to create two independent companies that better serve their respective customers. This transaction will not interrupt the service or functionality for customers of either company.
"This announcement represents an exciting opportunity for our businesses by creating two independent companies, each with distinct product focus and the flexibility, to pursue accelerated growth that solve customers' challenges," said Paul Johnson, co-founder of Seller Labs and CEO of Snagit, LLC.
Snagit, LLC will be focused on providing a unique set of solutions for e-commerce merchants to build brands and drive conversion. It will also continue to operate the Snagshout marketplace and mobile applications.
"The strategic goals of Snagshout have changed dramatically from Seller Labs' as the site has grown in popularity," said Brandon Checketts, CEO and co-founder of Seller Labs. "This spinoff allows us to focus on our business-to-business customers and for Snagshout to double down on its shopper and merchant customers."
Seller Labs, LLC will continue to operate its four applications to help the growing community of Amazon merchants.
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Feedback Genius: The most-used email automation tool for Amazon third-party merchants.
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Scope: A comprehensive Amazon keyword and product research tool.
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Ignite: The newest tool to manage Amazon Sponsored Products advertising campaigns.
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Quantify: An Amazon analytics tool to help merchants make profitable decisions with simplified data.
