Insight Partners-backed CommerceHub completed the acquisition of ChannelAdvisor for $664m.

Insight Partners-backed CommerceHub, a commerce network connecting supply, demand and delivery, completed the acquisition of ChannelAdvisor, a provider of cloud-based e-commerce solutions, for $664m. Investors that participated in this transaction include GTCR, Sycamore Partners, and Goldman Sachs Asset Management. "CommerceHub and ChannelAdvisor have both established themselves as leading solutions for different segments of online retailers and brands. By coming together, we can provide an even broader network, enabling our combined customers to grow their businesses by discovering new products, new brands, and new channels," Bryan Dove, CommerceHub CEO.