CHANNELADVISOR ACHIEVES RECORD GROWTH AND IS NAMED FINALIST FOR PRESTIGIOUS CODIE AWARD
ChannelAdvisor Merchant™ Named CODiE Award Finalist for Best Business Software Solution and Best E-Commerce Solution by Software & Information Industry Association

Research Triangle Park, NC – January 10, 2007 – ChannelAdvisor, the leading provider of channel management solutions (CMS), today announced it transacted over a half a billion dollars in global gross merchandise value (GMV) during the 2006 holiday season for its customers. The company achieved record performance across all geographies and online channels including search, comparison shopping engines and marketplaces.

In addition, ChannelAdvisor Merchant has been selected as a CODiE Award Finalist by the Software & Information Industry Association (SIIA) in the Best Business Software Solution and Best E-Commerce Solution categories. CODiE Award Finalist were chosen by a panel of industry expert judges who evaluated products to determine the solutions that bring the most value and represent the highest impact to business operations.

“The 2007 CODiE Finalists represent real winners, even at this stage of the contest,” said Ken Wasch, SIIA President. “Competition is fiercer than ever and that makes selection as a CODiE Finalist a major achievement. All the companies on this year’s list should feel justifiably proud of their recognition.”

“ChannelAdvisor is honored to have been selected as a finalist for this prestigious award. To be recognized by SIIA as one of the best e-commerce solutions for 2007 validates the hard work our team has done to deliver a product that is truly exceptional,” said Scot Wingo, CEO of ChannelAdvisor. “We’re equally as thrilled by the record performance we achieved with the help of our customers during the busy 2006 holiday season.”

To find a complete list of all of the Finalists for 2007, please visit: http://www.siia.net/codies/2007/finalists.asp.

About ChannelAdvisor Corporation
ChannelAdvisor Corporation provides technology and services that enable leading online retailers to maximize their products across multiple e-commerce marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Google Product Search and search engines such as Google, Yahoo! and MSN. In 2006, ChannelAdvisor managed over $1.6 billion in gross merchandise value (GMV) on behalf of its customers. ChannelAdvisor solutions combine best practices, on-demand software and integration technology to help retailers sell more products, faster, by automating labor-intensive, manual functions so they spend less time optimizing campaigns and more time solving marketing and business issues. ChannelAdvisor's customers include GSI Commerce, Sears, Brookstone, Abebooks and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Atlanta, Seattle, the United Kingdom, Australia and Germany. For more information, visit http://www.channeladvisor.com/.

Contact:
Ashley Jones
ChannelAdvisor Corporation
Ph: 919.349.4177
ashleyj@channeladvisor.com