Friday, July 10, 2015

Jagged Peak, Inc. (JGPK) Expanding Presence in Thriving eCommerce Market with Innovative Cloud-Based Order Management System

Jagged Peak is an ecommerce and fulfillment solutions provider with software and services that enhance the scalability, flexibility and profitability of its clients’ ecommerce operations. The company’s proprietary EDGE™ platform is a web-based, enterprise-ready order management system that gives web developers and non-technical users the capability to quickly and easily create, deploy and manage feature-rich B2C, B2B and mobile ecommerce websites. In 2014, this versatility helped Jagged Peak’s EDGE platform manage transactional volume of more than $1 billion, successfully processing approximately 400 million shipped product units.

In order to adequately manage the ecommerce demands presented by the EDGE system, Jagged Peak utilizes a comprehensive fulfillment network known as FlexNet. Through this collection of distribution channels, the company is able to optimize its delivery capabilities, fulfilling 92 percent of all customer orders in one day using low cost ground delivery services. Last month, Jagged Peak expanded FlexNet’s reach by partnering with iD Commerce + Logistics, a leading provider of commerce fulfillment solutions, and gaining access to a Chicago, Illinois, fulfillment warehouse. Following this agreement, FlexNet contains 25 distribution locations across the U.S. and Canada, providing the means for reduced delivery expenses and customer wait times in a wide variety of locales.

“Adding new distribution partners allows Jagged Peak to get even more aggressive in delivering product to our clients’ customers, same day,” Mike Mercier, president of Jagged Peak, stated in a news release. “This new distribution center enhances our ability to improve our clients’ customer experience and is a critical part of a distribution network that has near infinite scale.”

With an established and growing presence in the ecommerce industry, Jagged Peak is in a formidable position to realize strong financial growth in the years to come. In the first quarter of 2015, the company gave investors a glimpse of this potential by recording $16.2 million in total revenue, a 15 percent year-over-year improvement, as a result of higher ecommerce order processing volume. This boost in revenue helped Jagged Peak achieve a 100 percent year-over-year increase in net income.

“We are excited to see our continued double digit revenue growth in the ecommerce space,” stated Paul Demirdjian, chief executive officer of Jagged Peak. “We see 2015 as another year of profitable growth as we continue to support our growing ecommerce clients.

For prospective shareholders, Jagged Peak’s recent growth in the booming ecommerce industry makes the company an intriguing investment option moving forward. Look for Jagged Peak to continue leveraging the industry-leading order management capabilities of its powerful EDGE platform in order to promote additional market growth and sustainable returns in the future.

For more information, visit www.jaggedpeak.com

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