Shopify Acquires Boltmade to Accelerate Shopify Plus Roadmap
October 03 2016 - 8:30AM
Business Wire
Shopify Inc. (NYSE:SHOP)(TSX:SH), the leading cloud-based,
multi-channel commerce platform designed for small and medium-sized
businesses, today announced it has acquired privately held
Boltmade, Inc., a product design and development consultancy based
in Waterloo, Ontario. The acquisition of Boltmade will help
accelerate the development of the Shopify Plus product offering.
Shopify Plus offers high-growth, high-volume merchants a
cloud-based, fully hosted enterprise commerce platform, without the
limitations of legacy solutions.
“We first worked with the Boltmade team in early 2016 and
quickly realized the team’s huge potential and depth of talent,”
said Loren Padelford, VP of Shopify Plus. “Shopify is committed to
investing in talent. The acquisition of Boltmade will bring a
strong group of designers and engineers to Shopify Plus. We’re
thrilled to have them join our team to help shape the future of
commerce for larger merchants.”
Founded in 2013, Boltmade is a 21-person product-focused digital
consulting firm that designs and builds software products for early
stage startups to Fortune 500 companies. The Boltmade team will
join the Shopify Plus office in Waterloo.
“Shopify has had a big impact on commerce by helping businesses
of all sizes achieve success. Earlier this year, we jumped at the
chance to work on a project with them,” said Jim Murphy, Founder
and President of Boltmade. “We’re excited to be joining Shopify
Plus to help some of the most recognizable, fastest-growing brands
in the world sell billions of dollars of product.”
About Shopify
Shopify is the leading cloud-based, multi-channel commerce
platform designed for small and medium-sized businesses. Merchants
can use the software to design, set up, and manage their stores
across multiple sales channels, including web, mobile, social
media, marketplaces, brick-and-mortar locations, and pop-up shops.
The platform also provides merchants with a powerful back-office
and a single view of their business. The Shopify platform was
engineered for reliability and scale, using enterprise-level
technology made available to businesses of all sizes. Shopify
currently powers over 300,000 businesses in approximately 150
countries and is trusted by brands such as Tesla Motors, Red Bull,
Nestle, GE, Kylie Jenner, and many more.
Forward-looking Statements
This press release contains certain forward-looking statements
within the meaning of applicable securities laws, including
statements regarding the acquisition by Shopify of Boltmade and the
development of Shopify Plus. Words such as “expects”, “anticipates”
and “intends” or similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
based on Shopify’s current expectations about future events, and on
certain assumptions and analysis made by Shopify in light of
current conditions and expected future developments and other
factors management believes are appropriate. These expectations are
subject to known and unknown risks, uncertainties, assumptions and
other factors that could cause actual events to differ materially
from those anticipated in these forward-looking statements.
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 events will be
consistent with these forward-looking statements. Actual events
could differ materially from those projected in the forward-looking
statements as a result of numerous factors, many of which are
beyond Shopify’s control. 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. 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.
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ShopifyINVESTORS:Katie Keita, 613-241-2828Director, Investor
RelationsIR@shopify.comorMEDIA:Sheryl So, 416-238-6705 x 302Public
Relations Managerpress@shopify.com
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