Why did Shopify buy 6 River Systems?
Shopify, the ecommerce giant, has recently made a move to purchase 6 River Systems, a Boston-based robotics startup, for a cool $450 million. This move comes as a surprise to many in the industry, as 6 River Systems is a relative newcomer in the world of robotics and automation. So, what made Shopify pull the trigger on this deal?
For starters, Shopify has been making a concerted effort to automate its own warehouses in recent years. The company operates a number of warehouses around the world, and the addition of 6 River Systems will no doubt help Shopify to further streamline its operations.
In addition, 6 River Systems also boasts a number of big-name clients, including Coca-Cola and Lowe’s. As such, the acquisition gives Shopify instant credibility in the world of robotics and automation.
PRO TIP: The following note is a warning about Shopify’s recent purchase of 6 River Systems:
Shopify’s recent purchase of 6 River Systems may have serious implications for the future of the company. 6 River Systems is a software company that specializes in automated order fulfillment. This purchase could mean that Shopify is planning to move into the fulfillment services industry, which would be a direct competitor to Amazon.
It’s also worth noting that this is not the first time that Shopify has dipped its toes into the world of robotics and automation. The company previously invested in Fellows Robots, another Boston-based startup. However, that investment was ultimately unsuccessful, leading many to believe that Shopify’s move to acquire 6 River Systems is an attempt to make up for lost ground.
So, there you have it: Shopify’s purchase of 6 River Systems is likely motivated by a desire to streamline its own operations and gain credibility in the world of robotics and automation. Only time will tell whether or not this move will pay off for the ecommerce giant.
Why did Shopify buy 6 River Systems? There are a few key reasons: to streamline their own warehouse operations, gain credibility in the robotics industry by association with big-name clients, and make up for lost ground after an unsuccessful previous investment. Only time will tell if this was a smart move for Shopify.
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On October 9th, 2019, Shopify Inc. announced that it had acquired 6 River Systems, Inc. for $450 million USD. 6 River Systems is a Massachusetts-based startup that provides collaborative robots, software, and services to help e-commerce warehouses fulfill orders faster.
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