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Stock impact report

Orium Acquires Gluo to Expand Its Composable Commerce Footprint into Fast-Growing Latin America Market [Yahoo! Finance]

BigCommerce Holdings, Inc. - Series 1 (BIGC) 
Company Research Source: Yahoo! Finance
agency Gluo . The Mexico -based firm has been a partner of Orium for the last two years, specializing in developing digital products and experiences for retail, hospitality, and telecommunications clientele. The acquisition will enhance Orium's ability to serve the fast-growing U.S. market as well as support an expansion into the emerging Latin American market. Gluo's experience working with leading composable vendors including BigCommerce, commercetools, Contentful, Contentstack, and Fluent Commerce brings added depth to Orium's team of experts. The transition to headless and composable technologies in the Americas is well underway. The U.S. represents the fastest growing market in the world, according to the MACH Global Research Report 2024 , and a 2022 research report states that Mexico's e-commerce market is the second largest in Latin America , worth more than $48 billion in 2021. Online retail now accounts for 15 percent of the total retail market in Latin America , more than Show less Read more
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