Logicbroker Strengthens Global Position by Acquiring Virtualstock, Enhancing Digital Commerce

Logicbroker Acquires UK's Virtualstock to Elevate Global Digital Commerce Leadership

In a significant move in the realm of digital commerce, Logicbroker, a leader in Intelligent Commerce networks, has announced its acquisition of the UK-based online retail technology company, Virtualstock. This strategic acquisition aims to reinforce Logicbroker's global position, providing retailers with enhanced technology solutions and an expansive supplier network.

Virtualstock, founded in 2004, is renowned for its ability to manage over eight million orders each year, boasting a gross merchandise volume (GMV) surpassing £2 billion (around $2.7 billion). Its advanced dropshipping platform and curated marketplace have been instrumental for several of the UK's most reputable brands, such as Aldi, Argos, BQ, Currys, and John Lewis. Virtualstock’s innovative platform facilitates smooth supplier onboarding and product induction while providing a Supplier Hub that connects sellers directly with buyers at key retail outlets.

By merging their operations, Logicbroker and Virtualstock will establish one of the largest global dropship supplier networks, incorporating over 15,000 retail and brand partners and a GMV exceeding $13 billion. This partnership is poised to create a premier entity equipped to meet the multi-party commerce orchestration requirements of major retail players worldwide. Furthermore, Logicbroker is committed to continuing its investment in Virtualstock, ensuring its growth and technological innovation for UK brands and retailers.

Omar Qari, Logicbroker's CEO, noted the discussions with Virtualstock began during a partnership deal for a multinational retailer. The evolving conversations revealed the potential for a more significant impact as a united company. He emphasized that Virtualstock’s rich technical capabilities and impressive portfolio greatly enhance their ability to serve large-scale enterprise retailers and brands effectively.

Virtualstock's CEO, Ed Bradley, expressed optimism about the future, stating, “Logicbroker is a clear leader in multi-party commerce technology, and its pioneering work in helping retailers adapt to evolving shopping behaviors is invaluable as we embark on a new chapter at Virtualstock.” He looks forward to collaborating closely with Logicbroker to further support their client base of retailers and suppliers.

According to industry analysts, the global dropshipping market is forecasted to exceed $1.2 trillion by 2030, indicating a burgeoning opportunity within the sector. The collaboration between Logicbroker and Virtualstock is strategically timed to capture a significant portion of this anticipated growth.

About Logicbroker

Logicbroker stands as the Agentic Commerce Orchestration Engine for major retailers, brands, suppliers, and distributors, transforming large language model searches into actionable storefronts. Their Intelligent Commerce Network connects suppliers, stores, and third-party logistics to various web stores, marketplaces, and language models. With partnerships that include global leaders like Samsung, Walgreens, and Home Depot, Logicbroker facilitates transactions exceeding $10 billion in GMV, automating the complete process from product discovery to delivery.

About Virtualstock

Virtualstock is a vital platform that aids leading UK retailers like Aldi and John Lewis in extending their range and improving ecommerce efficiency. The platform enables major retailers to forge one-to-many supplier connections, enhancing profitability and customer experience. With more than a decade's expertise, Virtualstock aids companies in boosting online sales revenue while minimizing operational expenses.

This acquisition marks an exciting milestone in the digital commerce landscape, promising remarkable advancements for retailers and enhancing the overall customer shopping experience.