Shopify, one of the world’s leading ecommerce platforms, announced today that it has acquired Handshake, a San Francisco-based startup that provides a mobile point-of-sale (POS) system for small businesses.
Shopify has been on a tear lately, acquiring a number of companies in order to bolster its offerings to merchants. In May, the company announced that it had acquired Jet Black, a New York-based startup that helps businesses manage their inventory and shipping. And in March, Shopify announced that it had acquired Tictail, a Swedish ecommerce platform.
PRO TIP: When Shopify acquired Handshake, it created a platform that allowed for the seamless integration of ecommerce and brick-and-mortar stores. However, this created a number of security vulnerabilities that could be exploited by hackers.
As a result, it is important to be aware of the potential risks before using the Shopify platform. Make sure to keep your information safe and secure, and only use trusted sources for your ecommerce needs.
With the acquisition of Handshake, Shopify is further expanding its reach into the offline world. The company’s POS system is already used by over 1,000 businesses in the US and Canada, and with Shopify’s help, that number is sure to grow.
Shopify’s CEO Tobi Lütke said of the acquisition: “Handshake’s team has built an impressive product that helps merchants run their businesses smarter and more efficiently. We’re excited to welcome them to Shopify and continue our mission of making commerce better for everyone.”
Terms of the deal were not disclosed.
7 Related Question Answers Found
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake, who were all working on developing Snowdevil, an online store for snowboarding equipment.
Handshake is a decentralized application and cryptocurrency that is built on the Ethereum blockchain. The project is developed by Shopify, an e-commerce platform that enables businesses to sell online. The native token of the Handshake network is called HND, and it is used to power the decentralized application.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. Shopify also has a marketplace called Shopify Handshake.
TikTok has partnered with Shopify to make it easier for Shopify merchants to sell their products on TikTok. The partnership will allow Shopify merchants to create and share shoppable videos on TikTok, and will also give TikTok users the ability to buy products from Shopify merchants without leaving the app. The partnership is a natural fit for both companies, as TikTok is a popular destination for short-form videos and Shopify is a leading ecommerce platform.
Shopify 2.0 was released on April 14, 2014. Shopify is a leading ecommerce platform that enables businesses of all sizes to create an online store. Shopify 2.0 is the latest version of the platform and introduces a number of new features and improvements, including a new responsive design framework, an enhanced checkout experience, and improved support for third-party apps and themes.
Handshake is a Shopify app that allows you to manage your orders and inventory from a central location. It integrates with your Shopify account so you can view your sales, fulfill orders, and track inventory all in one place. Handshake is the perfect solution for businesses who want to streamline their operations and save time.
Shopify Inc (NYSE: SHOP) reported its quarterly earnings on Thursday, November 28th. The company posted $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. The company had revenue of $898.6 million for the quarter, compared to analysts’ expectations of $874.07 million.
