Alibris Acquires Monsoon
Gregory T. Huang2/23/10
Portland, OR-based Monsoon, a maker of software for managing and processing online selling, is being bought by Emeryville, CA-based Alibris, for an undisclosed amount of cash and stock. The acquisition is expected to close in early March, and the companies will continue to operate as separate businesses under their current names; Monsoon CEO Kanth Gopalpur will join the Alibris executive management team. Alibris is an online marketplace for new and used books, music, and movies. It has partnerships (and some areas of competitive overlap) with retailers such as Amazon.com, Barnes & Noble, Borders, and eBay.
Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.
