Sears Holdings Establishes Development Center in Israel
SHC Israel, Ltd. acquires Delver.com
Hoffman Estates, Ill. (March 9, 2009) Today Sears Holdings announced that its newly formed subsidiary, SHC Israel, Ltd., has acquired the assets of Delver.com, a social search engine company based in Israel, and has established a new technology development center in Herzliya. The initial staff of the development center will consist of the associates that were previously employed by Delver. Delver CEO Liad Agmon will join Sears Holdings as vice president, New Services.
The acquisition of Delver.com, and more importantly the ability to tap into its proven talent and innovative social media technologies developed over the last two years, is a great opportunity for Sears Holdings to continue to expand our global online strategy as we work to build more meaningful relationships with our customers and improve our customer experience, said George Coll, senior vice president, New Services, Sears Holdings.
The formation of the Israeli development center follows the recent announcement of ServiceLive.com, an online marketplace from Sears Holdings where homeowners and businesses can name their price for a wide variety of services, improvements and repairs. The site is designed to improve the often stressful experience of getting projects done around the home for both homeowners and service providers.
About Sears Holdings Corporation
Sears Holdings Corporation is the nation's fourth largest broadline retailer with approximately 3,900 full-line and specialty retail stores in the United States and Canada. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. It also has Martha Stewart Everyday products, which are offered exclusively in the U.S. by Kmart. We are the nation's largest provider of home services, with more than 12 million service calls made annually. Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' website at www.searsholdings.com.
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