Shopify Acquires 6 River Systems For $450 Million

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Shopify

Shopify has announced that it is acquiring Waltham, Massachusetts-based 6 River Systems, a company which has redefined fulfillment automation for e-commerce and retail operations. Shopify is paying $450 million in the form of cash and stock deal for the deal as it looks to make a big stride forward in its supply chain sales plans. Shopify had recently launched Fulfillment Network service and the acquisition will help them increase the efficiency of the same.

6 River Systems' was launched in 2015 by Christopher Cacioppo, Jerome Dubois, and Rylan Hamilton as warehouse automation and management technology developer. The firm had attracted capital from big names like Menlo Ventures, Norwest Venture Partners, iRobot Corp, Eclipse Ventures and others. It had raised $46 million in the form of funding from the above-mentioned backers.

Talking about the acquisition, Tobi Lütke, CEO of Shopify, in a statement said, “Shopify is taking on fulfillment the same way we’ve approached other commerce challenges, by bringing together the best technology to help everyone compete. With 6 River Systems, we will bring technology and operational efficiencies to companies of all sizes around the world.”

Jerome Dubois, the co-founder, and co-CEO of the 6 River Systems said that By joining Shopify, we’re changing the game of fulfillment. Together, we will help thousands of businesses improve their fulfillment operations, with an easy-to-learn solution that can more than double productivity and improve accuracy.”

The firm had recently launched a new retail hardware collection to improve in-person shopping for the top and fastest-growing brands across the globe. It will be interesting to see how 6 River Systems will assist Shopify in taking the shopping standards to another level.

 

Image Courtesy : eSellerCafe

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