E-commerce platform Shopify has quietly made an acquisition to continue its expansion of the services and products that merchants can sell and purchase through its platform. It has acquired Handshake, a New York startup offers a commerce platform for businesses that sell wholesale goods.
Shopify has confirmed the deal in a short statement:
“Handshake is now a part of Shopify. We consider acquisitions in the normal course of business as we focus on making commerce better for everyone.” It hasn’t disclosed the value but a source tells us it was under $100 million.
We also received an emailed tip that noted that the acquisition was announced to staff earlier this month, and that the team, is operating as part of Shopify’s extended service tier, Shopify