Press Release

ModusLink Named BigCommerce Certified Technology Partner

–ModusLink’s Supply Chain Management Services Are Now Available To Over 60,000 BigCommerce Customers Through The BigCommerce App Marketplace–

Smyrna, TN — January 24, 2022 — ModusLink (www.moduslink) announced it has been named a BigCommerce Certified Technology Partner, providing approximately 60,000 BigCommerce customers with access to ModusLink’s agile global fulfillment and cross border payments, with MOR (Merchant of Record) services that provide Accounting, Tax and Regulatory Compliance, Web store development with seamless checkout experience.

 

ModusLink manages every aspect of end-to-end fulfillment of an order from picking, packaging, and shipping to retail compliance.  Industries serviced range from consumer electronics, telecommunications, computing and storage, consumer packaging content to medical devices and more. Beginning today, BigCommerce customers can integrate ModusLink’s services through the BigCommerce App Marketplace.

 

“We are thrilled to partner with BigCommerce and bring look forward to working with them to bring their services and capabilities to support our clients around the world and also to provide our services to their customers,” said Michel da Silva, Global Sales Director, eBusiness & Alliances, at ModusLink. “This partnership will not only give our clients the opportunity to expand their business through BigCommerce App Marketplace but also allow ModusLink to expand our knowledge on ecommerce platforms.”

 

ModusLink has a global footprint spanning across the Americas, Europe and the Asia-Pacific region and is a wholly owned subsidiary of Steel Connect (NASDAQ: STCN). The company has an expertise in packaging, kitting, assembly, fulfillment, digital commerce, and reverse logistics and uses an adaptive approach to distributive fulfillment services which helps companies drive growth, lower costs, and improve profitability.

 

“Our partnership with ModusLink further illustrates our commitment to providing merchants access to the highest-caliber technologies and service providers available in the industry,” said Russell Klein, chief commercial officer for BigCommerce. “ModusLink shares our desire to help merchants sell more and grow faster to maximize success, and we look forward to working together to mutually support customers.”

 

BigCommerce Certified Technology Partners are selected for offering best-in-class technologies, value, and superior customer service. For more information, visit: www.bigcommerce.com

 

About Steel Connect and ModusLink

Steel Connect, Inc. (“STCN”) is a diversified holding company with two wholly owned subsidiaries, ModusLink Corporation and IWCO Direct (“IWCO”), that have market-leading positions in supply chain management and direct marketing.

 

ModusLink Corporation provides supply chain business management services to many of the world’s great brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software and content, consumer packaged goods, medical devices, retail, and luxury goods. With experience and expertise in packaging, kitting and assembly, fulfillment, digital commerce, reverse logistics, as well as a global footprint spanning the Americas, Europe, and the Asia-Pacific region, the Company’s adaptive approach to supply chain services helps to drive growth, lower costs, and improve profitability. Learn more at www.moduslink.com.

 

About BigCommerce

BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants with sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, SoloStove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco, and Sydney. For more information, please visit www.bigcommerce.com or follow us on TwitterLinkedInInstagram and Facebook.

 

BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

 

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are not historical facts are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This release contains forward-looking statements pertaining to, but not limited to, information with respect to a proposed transaction between STCN and Steel Partners Holdings L.P. (“Steel Holdings”). All statements other than statements of historical fact, including without limitation, those with respect to STCN’s goals, plans, expectations, and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: client or program losses; fluctuations in demand for our products and services; general economic conditions and public health crises (such as the ongoing coronavirus outbreak); demand variability with clients to which STCN sells on a purchase order basis rather than pursuant to contracts with minimum purchase requirements; risks inherent with conducting international operations; STCN’s ability to execute on its business strategy and to achieve anticipated synergies and benefits from business acquisitions, including any cost reduction plans and the continued and increased demand for and market acceptance of its services, which could negatively affect STCN’s ability to meet its revenue, operating income and cost savings targets, maintain and improve its cash position, expand its operations and revenue, lower its costs, improve its gross margins, reach and sustain profitability, reach its long-term objectives and operate optimally; our failure to achieve the expected benefits of our Competitive Improvement Plan for IWCO Direct; increased competition and technological changes in the markets in which STCN competes; failure to realize expected benefits of restructuring and cost-cutting actions; difficulties integrating technologies, operations and personnel in accordance with the STCN’s business strategy; loss of essential employees or an inability to recruit and retain personnel; STCN’s ability to preserve and monetize its net operating losses; failure to settle disputes and litigation on terms favorable to STCN; failure to maintain compliance with NASDAQ’s continued listing requirements; STCN’s ability to repay indebtedness and potential adverse effects from the phase-out of LIBOR; and STCN’s ability to negotiate and consummate the proposed transaction with Steel Holdings. For a detailed discussion of cautionary statements and risks that may affect STCN’s future results of operations and financial results, please refer to STCN’s filings with the SEC, including, but not limited to, the risk factors in STCN’s Annual Report on Form 10-K filed with the SEC on October 29, 2021. These filings are available on STCN’s Investor Relations website under the “SEC Filings” tab.

All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

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