Ottawa-based Shopify acquires Swedish e-commerce firm Tictail

shopify
File photo.

The Ottawa company known for helping merchants sell online made a major purchase of its own just before one of the biggest shopping weekends of the year.

Shopify has acquired another company in the e-commerce space, Sweden’s Tictail, which operates a marketplace for emerging brands to sell clothing, decor and other lifestyle products. Founded in 2012, Tictail has raised more than $30 million in venture capital to date, according to Crunchbase.

Terms of the deal were not immediately available.

This past weekend Shopify has been monitoring and displaying its merchants’ sales live, following Black Friday and Cyber Monday transactions as they come in. Midday Monday, Shopify was tracking roughly US$480,000 in sales across more than 5,000 deals per minute.

You can watch all the retail activity here live.

– With reporting from Canadian Press