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HomeeCommerce NewsShopify secures a good deal for handshake at $100 Million.

Shopify secures a good deal for handshake at $100 Million.

Shopify has silently made an acquisition of Handshake to continue its expansion of the services and products that merchants can sell and purchase through its platform.

Shopify is a Canadian e-commerce platform for retail point-of-sale systems and online stores. Shopify offers online retailers services including marketing, payments, customer engagement tools and shipping to simplify the process of running an online store for small merchants.

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The company gave a report that stated it had more than 800,000 businesses in approximately 175 countries using its platform as of December 31, 2018.

Handshake is a B2B eCommerce platform which brings manufacturers as well as distributors closer to their customers. This might be both in person and online.
Handshake has made its mission to help manufacturers & distributors expand their business. This is by making it easy for customers to directly order products from stores online or in-person, anywhere and at anytime.

This acquisition by Shopify underscores how it’s expanding to a way that puts it into closer competition with the likes of Amazon and Alibaba.
Shopify is targeting the area of the e-commerce market where brands and other merchants sell items wholesale.
It has been disclosed the value of the deal to $100 million.

Alf Alferez
Author: Alf Alferez

Dedicated writer with a strong track record of developing customer loyalty and managing general office operations. Enjoy being a part of a company where my skills and creative ideas will benefit the overall productivity of the organization. I have a strong desire to work in helping make the world a better place. Please reach out to me on [email protected]

Author

Dedicated writer with a strong track record of developing customer loyalty and managing general office operations. Enjoy being a part of a company where my skills and creative ideas will benefit the overall productivity of the organization. I have a strong desire to work in helping make the world a better place. Please reach out to me on [email protected]