Shopify gets shopping and acquires Select Start Studios

Posted by Techvibes NewsDesk

Shopify announced this morning that it acquired award-winning Select Start Studios Inc. (S3), also based in Ottawa.

This strategic acquisition will allow the ecommerce software company to rapidly execute on their mobile growth strategy, and is the first major investment since raising $15 million in Series B funding in October 2011.

“After seeing a massive increase in mobile transactions at Shopify, we believe there is great demand and opportunity for mcommerce,” said Lütke. “The S3 acquisition brings in top talent that will rapidly deliver on our mobile strategy, and produce several new mobile product offerings this year.”

Tariq Zaid, co-founder and CEO of S3, will be joining Shopify with his team of over 20 mobile engineers and designers. “We're thrilled to be joining Shopify to execute on the company’s mobile initiative,” said Zaid. “Their focus on mobile, deep understanding of technology, and overall culture make this a natural fit. We're already cooking up some really exciting innovations that show just how game changing mcommerce will be.”

Tobias Lütke, founder and CEO of Shopify, launched the company in 2004 with the goal of redefining how people build online stores. Today, the ecommerce platform has over 20,000 active online stores in 80 different countries. Over 2,000 of Shopify’s stores are based in Canada. Individuals, entrepreneurs, and businesses use the SaaS ecommerce platform to create and power their online stores. Shopify is known for its ease of use, beautiful store designs, and scalability.

S3 will be joining Shopify in their new 17,000 sq ft headquarters in Ottawa’s ByWard Market.

Company:
Shopify
Website:
http://www.shopify.ca
Location:
Ottawa, Ontario, Canada

Shopify is an Ottawa based commerce platform that allows anyone to easily sell online, at their retail location, and everywhere in between. Shopify offers a professional online storefront, a payment solution to accept credit cards, a point of sale system to power retail sales and a card reader to accept payments through a mobile phone. Shopify currently powers over 80,000 active online stores around the world,... more

Company:
Select Start Studios
Website:
http://selectstartstudios.com
Location:
Ottawa, Ontario, Canada

Select Start Studios is a mobile app and game studio in the heart of Ottawa, Canada. We create beautiful products for all major mobile platforms including Apple iOS, BlackBerry, Android, J2ME, and Windows Mobile. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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