Mercado Software, the leading provider of eCommerce search & merchandising solutions, and Challenge Fund II Portfolio Company, today announced that it is included in the Visionaries quadrant of Gartner's Information Access Magic Quadrant, published earlier this month.

Mercado provides site search, navigation and merchandising solutions to more than 150 multi-channel and SMB retail brands in the United States, Canada, and Europe. With Mercado, merchants have unprecedented control over site merchandising-without the need for IT assistance. As a result of deploying its software and on-demand searchandising products, Mercado's clients commonly realize immediate and significant conversion rate and average order value (AOV) increases.

"We are extremely proud of our achievements over the past three years, and are thrilled to be placed in the Visionaries quadrant by Gartner," say Corey Leibow, President and CEO of Mercado. "Given the breadth of criteria used to evaluate vendors, we are very pleased by our ranking and by what I believe is an acknowledgement of our strength in eCommerce."