Silver Spring, MD, November 6, 2012—Mercaris announced today that it has acquired Exchangery, a provider of trading platform software for commodities markets. The deal aligns with Mercaris’ goal of providing an online marketplace for organic and non-GMO agricultural commodities. Founder and CEO Chris Duesing will join Mercaris as its Chief Technology Officer.
“We are pleased to join forces with Exchangery; their capabilities in building on-line markets will speed our timeline to product launch”, stated Mercaris Founder & CEO Kellee James. “In addition, we welcome the deep experience and knowledge that Chris Duesing brings to the company.”
Founded in 2011 in Chicago, IL, Exchangery is a provider of technology, infrastructure, and branded trading screens to allow its customers to create distinct, customizable platforms for their markets.
Chris Duesing, Founder of Exchangery acknowledged, “I’m thrilled to join Mercaris and provide the core technology to further the mission of providing market infrastructure to the organic and non-GMO sector.”
Launched in 2012, Mercaris is a market-data service and online trading platform for organic and non-GMO certified agricultural commodities. Mercaris will provide cash market prices and other supply and demand information, together with a trading platform for physical commodities.
For more information contact Mercaris at [email protected]