UK-based online retail technology firm Virtualstock has been acquired US multi-vendor commerce solutions provider Logicbroker. Terms weren’t disclosed.

Logicbroker said the combined business “will create a new global leader that the world's largest retailers and brands can work with to support their multi-party commerce orchestration needs”.

Combined, they will form “one of the largest international dropship supplier networks with more than 15,000 retail and brand partners worldwide, with a GMV of over $13 billion (£9.7 billion).

Logicbroker said it will continue to invest in Virtualstock, enabling it to maximize growth and deliver “next generation agents commerce technology” to UK brands and retailers.

Virtualstock was established in 2004 and processes more than 8 million orders annua

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