Marketplaces are still a big growth engine for e-commerce. However, as the pace of retail media growth slows, a consolidation among marketplace agencies that offer professional services to optimize seller listings and manage ads is underway. The latest acquisition comes from Podean, which services brands that sell on Amazon. Podean has acquired Amerge, an international firm that manages Amazon advertising for brands across the EU, Ryan Craver, co-founder and chief strategy and AI officer at Podean, told Retail Brew. The terms of the deal have not been disclosed. Private equity firm Mountaingate Capital poured money to finance the deal. Amerge, headquartered in London, is Podean’s third acquisition after it acquired rival Commerce Canal and Ad Advance, another marketplace agency which specializes in advertising. Amerge will bring some additional technology to Podean’s current platform. “It’s all about strength in numbers,” Craver said. “There’s a consolidation of agencies, and the larger agencies generally will have better placement, better opportunities for better programs, better pricing, and better overall tech.” Keep reading here.—VC |