CEO of Monsoon Commerce Brian Elliott is stepping down from his position immediately, with president Kanth Gopalpur taking over. Elliott will work with Gopalpur “to ensure a seamless leadership transition….over the upcoming months.” The combination of Alibris, Monsoon, and Stone Edge Technologies, Monsoon Commerce notes they raised another $8 million in financing earlier in the year, with Oak Hill Capital Partners remaining as majority owner. The company is rellocating resources from their commerce business to their software business, “affecting staff primarily at the company’s headquarters in Emeryville, CA.” They have “eliminated about 10 positions in the Alibris business” as a […]
