Alibris Acquires Monsoon

Portland, OR-based Monsoon, a maker of software for managing and processing online selling, is being bought by Emeryville, CA-based Alibris, for an undisclosed amount of cash and stock. The acquisition is expected to close in early March, and the companies will continue to operate as separate businesses under their current names; Monsoon CEO Kanth Gopalpur will join the Alibris executive management team. Alibris is an online marketplace for new and used books, music, and movies. It has partnerships (and some areas of competitive overlap) with retailers such as Amazon.com, Barnes & Noble, Borders, and eBay.

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.