BIGNAME Commerce, Parent of Envelopes.com, Acquires Folders.com and Bags.com
AMITYVILLE, N.Y. — February 7, 2017 — BIGNAME has acquired Folders.com, a leading online custom folder company based in Mount Jackson, Virginia. In addition to the Folders.com acquisition, BIGNAME recently acquired the Bags.com domain name. Folders.com and Bags.com join Envelopes.com, a leading online retailer of envelopes and customized stationery which is ranked 581 on Internet Retailer's 2016 Top Internet Retailers list, to create a portfolio of category domain name businesses. BIGNAME is backed by private equity firm TZP Group and has plans to accelerate growth by acquiring niche, market leading e-commerce brands focused on selling customized products to small businesses and consumers.
"Our mission is to create a portfolio of e-commerce businesses that offer customizable products to small businesses and consumers. We were drawn to Folders.com when we saw the potential of the brand and the synergy with our existing customer base. We are focused on the installation of our proprietary e-commerce platform and adding product customization capabilities to the Folders.com website. Plans to ramp up the product category assortment and apply our online marketing expertise are already underway," says Seth Newman CEO of BIGNAME.
Folders.com is focused on providing quality presentation folders, binders, and portfolios to businesses, and organizations nationwide. With a wide range of customization options, Folders.com is able to deliver personalized solutions to its customers. Popular customer segments include financial advisors, universities, medical, real estate, law practices, and government agencies.
BIGNAME plans to launch Bags.com as the premier destination for customized bags. The product offering will include trade show bags, gift bags, shopping bags, and tote bags for the business and events end-markets.
Source: BIGNAME.
