OTTAWA, Ontario & WALTHAM, Mass.--(BUSINESS WIRE)--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 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. Words such as "expects", "continue", "will", “plans”, "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. Shopify Inc. SHOP, +2.24% said late Monday it has agreed to buy 6 River Systems Inc. as part of a "critical attempt" to grow its fulfillment and deliveries business. 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. Acquirer Name . Companies People Investors Funding Rounds Acquisitions Schools Events Hubs Saved . 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. While the acquisition of 6 River Systems itself and Shopify’s strategy with robotics is not so surprising, the US$450m price paid for warehouse automation and management technology developer (60% paid in cash and 40% in Shopify … Shopify is buying 6 River Systems, six-year-old warehouse automation, and industrial robotics startup, for $450 million, the company announced on Monday. About 6 River Systems 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 … 6 River Systems was founded in Waltham, Mass. The acquisition will take place in the final quarter of 2019. Robinson, Manager of North American Trade Policy & Compliance National diesel average heads up, for week of November 9, reports EIA Pacific Rim: More cargo at risk … 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. At 6 River Systems, one of our core values is “we all win when our customers win.”. The transaction is expected to increase Shopify’s 2019 expenses by approximately $25 million, including $10 million in operating expenses; $8 million in amortization of intangibles resulting from purchase accounting; and $7 million in stock-based compensation. “With 6 River Systems, we will bring technology and operational efficiencies to companies of all sizes around the world.”. 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. Shopify’s 6 River Systems CEOs talk Chuck robots, automation, and the pandemic. 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. Adds Collaborative Robotic Fleet to the Shopify Fulfillment Network. Ottawa-based Shopify, a multi-channel commerce platform, has agreed to acquire Waltham, Massachusetts-based 6 River Systems Inc, a provider of collaborative warehouse fulfillment … Shopify, a leading multi-channel commerce platform, has announced an agreement to acquire 6 River Systems, a leading provider of collaborative warehouse fulfillment solutions. News Q&A: Jeff Simpson, C.H. About Shopify. includes any. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. INVESTORS: Dubois and Hamilton were previously executives at Kiva Systems (now Amazon Robotics). Facebook, Microsoft, Zillow. You can revoke cookies at anytime at the bottom of the page. Shopify Inc., the Canadian e-commerce giant… 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,” said Jerome Dubois, co-CEO and co-founder of 6 River Systems. Its adjusted EPS did drop 30% but this is due to 6 River Systems being integrated into its new fulfillment network. Shopify Inc. announced this week it has reached an agreement to acquire 6 River Systems, which creates warehouse fulfillment robots and software. Shopify is the leading multi-channel commerce platform. Shopify, an e-commerce platform used by about 800,000 businesses around the world, has reached an agreement to acquire 6 River Systems, a supplier of collaborative warehouse robots and fulfillment solutions.. in 2015 by Jerome Dubois, Rylan Hamilton and Chris Cacioppo. Shopify Inc., the Canadian e-commerce giant, paid 60% in cash and 40% in shares for … 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 is buying 6 River Systems, six-year-old warehouse automation, and industrial robotics startup, for $450 million, the company announced on Monday. Shopify Inc. SHOP, +2.24% said late Monday it has agreed to buy 6 River Systems Inc. as part of a "critical attempt" to grow its fulfillment and deliveries business. Ecommerce software company Shopify will purchase warehouse robotics startup 6 River Systems in a $450 million deal aimed at improving logistics in its new system of fulfillment centers. This helps us provide a more valuable and tailored experience for you and others. Words such as "expects", "continue", "will", “plans”, "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. 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