Latest posts by Ankit Jain (see all)
- New study: Global Troffer Market forecast 2019 – 2025 - December 13, 2019
- New study: Global Multi-Turn Valve Market forecast 2019 – 2025 - December 13, 2019
- Global Chemical Sunscreen Market: Chemical Sunscreen (Opportunity) to Open New Avenues for the Chemical Sunscreen Market By 2025 End - December 12, 2019
The inclusion of 6 River Systems’ cloud-based software and collaborative mobile robots to Shopify Fulfillment Network will improve the speed as well as reliability of warehouse operations.
US-based e-commerce Company Shopify has entered into definitive agreement to acquire 6 River Systems. Shopify is an e-commerce platform for online store and retail point-of-sale systems. On the other hand, 6 River Systems is a flexible and scalable warehouse automation solution driven by artificial intelligence and collaborative robots. The transaction worth of US$ 450 million will help Shopify to expand the growth of its Shopify Fulfillment Network. Shopify recently introduced this network to provide timely deliveries, enhance the customer experience for merchants, and reduce shipping costs.
While explaining the transaction, CEO of Shopify Tobi Lütke said, “We are taking on fulfillment in the same manner as we have approached other commerce challenges, by combining the best technology to help everyone participate. With the acquisition of 6 River Systems, Shopify will bring working efficiencies and technology to different companies across the globe.”
The inclusion of 6 River Systems’ cloud-based software and collaborative mobile robots to Shopify Fulfillment Network will improve the speed as well as reliability of warehouse operations. Additionally, Shopify will take advantage of the acquisition to add an experienced team who have hands-on experience in robotics and fulfillment software, including experts from Kiva Systems, manufacturer of mobile robot fulfillment systems (now Amazon Robotics).
The Acquisition of 6 River Systems to Create Shopping Experience Easier
Co-CEO and co-founder of 6 River Systems Jerome Dubois said, “Shopify and 6 River Systems will help businesses to make their fulfillment operations better with an easy-to-learn solution that can double the productivity and increase accuracy.”
The acquisition of 6 River Systems by Shopify is to create the shopping experience easier for its consumers. At the beginning of this year, Shopify introduced a unique hardware collection to enhance in-person shopping for some of the emerging brands of the world and their customers.
“Brands which have flourished in a digital era want to create loyal customers via retail locations and we have developed the best products to fulfill their goal. Moreover, we have helped merchants effectively in shaping and growing their online stores for 14 years and now we are the topmost partner to help entrepreneurs to take advantage of opportunities of in-person selling,” said Craig Miller, Shopify’s Chief Product Officer.