Shopify has quietly acquired a New York-based e-commerce firm, the Ottawa tech giant’s second acquisition of 2019.
The local company confirmed to OBJ on Friday reports that it had bought Handshake, which develops a B2B platform for wholesale commerce. The company claims to help suppliers develop closer relationships with their customers.
SurePath Capital Partners, which advised Handshake on the sale, said in a statement that the acquisition “brings significant product capability and domain expertise to help (Shopify) meet the needs of larger merchants.”
(Sponsored)
Local businesses face hiring obstacles due to immigration pullback, flawed screening
In his 39 years of practicing immigration law, Warren Creates (a rare Law Society Certified Specialist) has never seen an environment so challenging for employers looking to hire workers from
Ottawa businesses critically important to ending youth homelessness across the city
Local businesses joining United Way East Ontario’s effort to prevent and end youth homelessness not only helps build a stronger, safer, and healthier community, but gives a boost to Ottawa’s
Details of the acquisition were not disclosed, though TechCrunch cited sources pegging the deal value at less than $100 million.
Also unannounced was Shopify’s acquisition in January of Toronto-based Helpful, which has developed a video communication platform for enterprise customers. Co-founder Daniel Debow wrote a message on Medium then to announce he and his team were shutting down their Helpful services and joining Shopify.
