SAN JOSE, Calif., July 10, 2013 /PRNewswire/ -- SLI Systems ( www.sli-systems.com) (NZX: SLI) today announced it has been ranked the leading SaaS-based site search provider in this year's IR Top 500 Guide, Internet Retailer magazine's annual list of the 500 largest online retailers; as well as the top overall site search provider in the publication's Second 500 Guide. SLI's growing customer base includes 33 of the top 500 online retailers and 39 of the second 500 online brands using the company's full-service site search, according to research from Internet Retailer magazine. The annual IR Top 500 Guide ranks the top 500 online retailers according to annual revenues, and also ranks various categories of solutions providers, including site search, email marketing, shopping cart and other eCommerce technologies, according to the number of IR 500 retailers served. Top retail companies like Jelly Belly, FTD, Ulta, and Ghirardelli use SLI Systems to reduce abandonment, improve conversion rates and increase average order size. Among the leading site search vendors, SLI is the only provider to offer a full-service pure SaaS-based solution, making it the top pure SaaS-based site search on the market. Additionally, it's the only such solution backed by a team of search and navigation experts, who oversee deployment of site search, navigation, merchandising strategies and provide ongoing management and support to retail clients. "Time and time again our clients tell us the real difference in working with SLI is the level of service and responsiveness they receive from our team," said Shaun Ryan, CEO of SLI Systems. "Every customer is provided with their own account manager, who offers deep expertise and best practices tips and guidance to ensure maximum ROI. We also get a lot of feedback from clients with suggestions for new features and capabilities, which we're happy to develop and deliver to them in a timely manner. In fact, our own customers have been a source for some of our best ideas. "The eCommerce market is on a major growth trend all over the world, and we're excited to be at the forefront in site search," Ryan said.
Shares of SL Industries (AMEX:SLI) have taken a tremendous swing upward. The stock is trading at $26.13 as of 9:30 a.m. ET, 21% above Friday's closing price of $21.60. Volume is at 10,200, 2.5 times the daily average of 4,000.