Alibaba.com, an online marketing services firm, will acquire Vendio Services Inc., an e-commerce company geared to small businesses, for an undisclosed sum.
Vendio will become a new unit within Alibaba.com and will retain its own brand name and operations.
Mike Effle, current Vendio COO, will become Vendio CEO and Rodrigo Sales, Vendio CEO, will become a strategic advisor to the company.
This deal is expected to close in July.
