PFSweb Inc. Closes Acquisition Of LiveAreaLabs - Quick Facts

(RTTNews) - PFSweb, Inc. (PFSW), a global provider of end-to-end eCommerce solutions, said it has completed the acquisition of LiveAreaLabs, a digital creative agency and eCommerce systems integrator. LiveAreaLabs will become a wholly owned subsidiary of PFSweb, and will operate under the name LiveAreaLabs, a PFSweb company.

LiveAreaLabs specializes in creating flagship digital experiences and offers a range of agency services including strategy, branding, user experience design, visual design, copywriting, and interactive development.

According to PFSweb, the acquisition has increased its 2014 service fee equivalent revenue guidance to range between $131 million and $137 million, up from $129 million to $135 million. The company also reiterates its 2014 adjusted EBITDA outlook to range between $12 million and $14 million.