Monsoon Commerce, which facilitates the sale of used and new products through its online marketplace, reported a 73% increase in first quarter merchant sales of general merchandise. Sales of media products, including books, rose 9% in the period, and the number of new customers using the Monsoon service grew by 25%.
"2012 is projected to be a growth year for Monsoon Commerce and our clients, and we’re thrilled to affirm that with strong first quarter performance," said Brian Elliott, CEO of Monsoon Commerce. "The company is healthy and expanding share in an overall growth industry. Heading into the second quarter, our focus continues to be enhancing our products, improving our customer experience, and extending our reach in both the domestic and European markets."