In June, Shopify introduced the Shopify … Shopify acquired 6 River Systems for $450 million in September 2019, just three months after unveiling its Shopify Fulfillment Network, which uses … Shopify acquires 6 River Systems (Photo: justplay1412 / Shutterstock.com) The champions of multi-channel e-Commerce platforms are expanding their presence. Ottawa-based Shopify, a multi-channel commerce platform, has agreed to acquire Waltham, Massachusetts-based 6 River Systems Inc, a provider of … Shopify, a leading multi-channel commerce platform, has announced an agreement to acquire 6 River Systems, a leading provider of collaborative warehouse fulfillment solutions. in 2015, 6 River Systems is a leading collaborative mobile robotics fulfillment solution provider and part of global commerce company Shopify Inc. Headquartered in Ottawa, Canada, Shopify currently powers over 800,000 businesses in approximately 175 countries and is trusted by brands such as Unilever, Kylie Cosmetics, Allbirds, MVMT, and many more. — (April 15, 2020) — 6 River Systems, Inc. (6RS), part of leading global commerce company Shopify Inc., today announced that its collaborative mobile robot, Chuck, has been honored with two Red Dot Awards for Product Design. Shopify will maintain the 6 River Systems brand and headquarters in Waltham, MA. Operator. Katie Keita About Shopify Shopify is the leading multi-channel commerce platform. This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding Shopify’s plan to build a global fulfillment network and its size, scope and capabilities, the expected closing of the acquisition and the timing thereof, and Shopify’s financial outlook and future financial performance. OTTAWA, Canada & WALTHAM, MA – September 9, 2019 – Shopify Inc. (NYSE: SHOP) (TSX: SHOP), the leading multi-channel commerce platform, today announced that it has reached an agreement to acquire 6 River Systems, Inc., a leading provider of collaborative warehouse fulfillment solutions. Shopify is the leading multi-channel commerce platform. Merchants use Shopify to design, set up, and manage their stores across multiple sales channels, including mobile, web, social media, marketplaces, brick-and-mortar locations, and pop-up shops. 1-5 of 11 results Adding 6 River Systems’ cloud-based software and collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network will increase the speed and reliability of warehouse operations, by empowering on-site associates with daily tasks, including inventory replenishment, picking, sorting and … Ash Sharma, research director for Interact Analysis’ commercial drone and robotics research, explores what the deal means for the companies and the wider e … Shopify Inc., the Canadian e-commerce giant… These projections, expectations, assumptions and analyses are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results, performance, events and achievements to differ materially from those anticipated in these forward-looking statements. Shopify to Acquire 6 River Systems Adds Collaborative Robotic Fleet to the Shopify … “By joining Shopify, we're changing the game of fulfillment. Terms and Financial Impact 6 River Systems announced last night that it would be acquired for $450m by Shopify – 60% in cash and 40% in Shopify shares. Actual results could differ materially from those projected in the forward-looking statements as a result of numerous factors, including certain risk factors, many of which are beyond Shopify’s control, including but not limited to: (i) merchant acquisition and retention; (ii) managing our growth, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring, and achieving anticipated synergies; (iii) our history of losses; (iv) our limited operating history; (v) our ability to innovate; (vi) a disruption of service or security breach; (vii) payments processed through Shopify Payments; (viii) our reliance on a single supplier to provide the technology we offer through Shopify Payments; (ix) the security of personal information we store relating to merchants and their customers, and consumers with whom we have a direct relationship; (x) evolving privacy laws and regulations, cross-border data transfer restrictions, data localization requirements and other domestic or foreign regulations; (xi) our potential inability to hire, retain and motivate qualified personnel; (xii) international sales and the use of our platform in various countries; and (xiii) other one-time events and other important factors disclosed previously and from time to time in Shopify’s filings with the U.S. Securities and Exchange Commission and the securities commissions or similar securities regulatory authorities in each of the provinces or territories of Canada. Ottawa-based Shopify, a multi-channel commerce platform, announced that it has reached an agreement to acquire Waltham, Mass.-based 6 River Systems, a provider of collaborative … About Shopify. Starting with Chuck, a collaborative mobile robot, we are building fulfillment solutions that power the … Shopify will maintain the 6 River Systems brand and headquarters in Waltham, MA. But the underlying trend toward online commerce remains. press@shopify.com. We use cookies on our website. Under the terms of the agreement, which has been approved by 6 River Systems’ stockholders, Shopify will acquire all of 6 River Systems’ outstanding securities in a transaction valued at approximately USD$450 million, consisting of approximately 60% in cash and 40% in Shopify Class A Subordinate Voting Shares. Shopify buys warehouse automation tech developer 6 River Systems for $450 million. Shopify Inc., the Canadian e-commerce giant, paid 60% in cash and 40% in shares for … Shopify acquires 6 River Systems (Photo: justplay1412 / Shutterstock.com) The champions of multi-channel e-Commerce platforms are expanding their presence. It was just last year that we announced our investment in 6 River Systems.Today, we’re celebrat i ng the news that Shopify is acquiring them for $450M. includes any. Included in this amount are Shopify Class A shares and options valued at approximately $69 million that will be issued to 6 River Systems’ founders and employees that will vest subject to certain conditions and will be treated as stock-based compensation. Adding 6 River Systems’ cloud-based software and collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network will increase the speed and reliability of warehouse … Shopify, Inc. announced in September 2019 that they have agreed to acquire 6 River Systems… Words such as "expects", "continue", "will", “plans”, "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. 6 River Systems was founded in Waltham, Mass. Merchants use Shopify to design, … In June, Shopify introduced the Shopify Fulfillment Network, a powerful and trusted fulfillment network that will ensure timely deliveries, lower shipping costs, and provide superb customer experience for merchants and their customers. You can revoke cookies at anytime at the bottom of the page. Adding robotics capabilities to its new fulfillment service launched in June, major SMB ecommerce platform Shopify is acquiring 6 River Systems for $450 million, the companies announced, making it the first platform firm with this capability for its ecommerce seller customers worldwide. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Shopify acquires 6 River Systems for $450 million to expand its AI-powered fulfillment network Shopify today announced it is acquiring 6 River Systems, a startup focused on fulfillment … With the acquisition of 6 River Systems, Shopify will add a team with decades of experience in fulfillment software and robotics, including … With the addition of the company's cloud-based software and collaborative mobile robots, known as Chuck, to the Shopify … E.g. Its adjusted EPS did drop 30% but this is due to 6 River Systems being integrated into its new fulfillment network. under a license. The forward-looking statements contained in this news release represent Shopify’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding Shopify’s plan to build a global fulfillment network and its size, scope and capabilities, the expected closing of the acquisition and the timing thereof, and Shopify’s financial outlook and future financial performance. This helps us provide a more valuable and tailored experience for you and others. IR@shopify.com, MEDIA: This acquisition is a critical step to accelerate its growth, while 6 River Systems will also continue to build and sell their solution for warehouses. News Release. About 6 River Systems “Shopify is taking on fulfillment the same way we’ve approached other commerce challenges, by bringing together the best technology to help everyone compete,” said Tobi Lütke, CEO of Shopify. Shopify . “Shopify is taking on fulfillment the same way we’ve approached other commerce challenges, by bringing together the best technology to help everyone compete,” said Tobi Lütke, CEO of Shopify. — (April 15, 2020) — 6 River Systems, Inc. (6RS), part of leading global commerce company Shopify Inc., today announced that its collaborative mobile robot, Chuck, has been honored … 6 River Systems is expected to generate annual billings of approximately $30 million in 2020, with associated revenue recognized over the multi-year lifetime of each contract. WALTHAM, MASS. We gathered the experts from UPS, Deloitte, 6 River Systems, and Shopify to divulge their industry insights and best practices to help you adapt your supply chain as global economies reopen. 6 River Systems, part of global commerce company Shopify, is transforming fulfillment for companies worldwide. Although Shopify believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that actual results will be consistent with these forward-looking statements. With the acquisition of 6 River System, Shopify will add an experienced team in fulfillment software and robotics. “By joining Shopify, we're changing the game of fulfillment. Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved . List of Shopify 's 11 Acquisitions, including 6 River Systems and Helpful. These projections, expectations, assumptions and analyses are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual results, performance, events and achievements to differ materially from those anticipated in these forward-looking statements. The transaction is expected to have no material impact to Shopify’s revenue in 2019. Words such as "expects", "continue", "will", “plans”, "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. 6 River Systems is backed by Menlo Ventures, Norwest Venture Partners, Eclipse Ventures and iRobot, having raised US $40 million from the backers in two rounds of financing. Multi-channel commerce platform Shopify Inc. has reached an agreement to acquire 6 River Systems, Inc., a leading provider of collaborative warehouse fulfilment solutions as part of its efforts to grow the Shopify … Under the terms of the agreement, which has been approved by 6 River Systems’ stockholders, Shopify will acquire all of 6 River Systems’ outstanding securities in a transaction valued at approximately USD$450 million, consisting of approximately 60% in cash and 40% in Shopify Class A Subordinate Voting Shares. Adds Collaborative Robotic Fleet to the Shopify Fulfillment Network Shopify Inc. (NYSE: SHOP)(TSX: SHOP), the leading multi-channel commerce platform, today announced that it has reached an agreement to acquire 6 River Systems, Inc., a leading provider of collaborative warehouse fulfillment solutions. “With 6 River Systems, we will bring technology and operational efficiencies to companies of all sizes around the world.”. 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