Waltham, Mass.-based 6 River was founded in 2015 by former Kiva Systems executives Rylan Hamilton, Jerome Dubois, and Chris Cacioppo. The deal, which was approved by 6 Rivers’ investors, including Menlo Ventures, Norwest Venture Partners and Eclipse Partners, was a mix of cash … 6 River Systems: Shopify completes acquisition of 6 River Systems The transaction adds 6 River Systems' cloud-based software and fleet of collaborative mobile robots called "Chuck" to the Shopify Fulfillment Network, accelerating its growth. The allocation of funds broke down to approximately 60 percent cash and 40 percent Shopify Class A Subordinate Voting Shares. In a recent press release, Shopify announced their acquisition of 6 River Systems.. 6 River Systems is a startup offering warehouse fulfillment solutions, such as cobots (collaborative robots), which assist warehouse workers … Under the agreement, 6 River Systems (6RS) will continue to build and sell its warehousing solutions, including its cobot named Chuck, which aids human workers in picking, sorting, packing and inventory replenishment. The talented 6 River Systems team, with more than 130 employees, brings extensive experience in fulfillment software and robotics to Shopify. It's been a week since Shopify (NYSE:SHOP) announced the acquisition of Massachusetts-based fulfillment specialist 6 River Systems Inc. for $450 million. 6 River Systems was founded in 2015 by former Kiva Systems and Mimio executives and is based in Boston. Save. Search Crunchbase. The acquisition was approved by 6 River Systems’ stockholders and involved Shopify acquiring all outstanding securities valued at $450 million USD. An acquisition of all of 6 River Systems’ outstanding securities at approximately usd$450 million (60% cash and 40% voting shares). This will enable Shopify to help thousands of businesses improve their fulfillment operations, while 6 River Systems will continue to expand its industry-leading solution for warehouses. No material impact on Shopify’s 2019 revenue. This is the second straight year on the RBR50 list for 6 River Systems, which last year was acquired by e-commerce giant Shopify for nearly $500 million. The transaction adds 6 River Systems’ cloud-based software and fleet of collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network, accelerating its growth. With the acquisition of 6 River System, Shopify will add an experienced team in fulfillment software and robotics. In the near-term (at least not until 2021), Shopify intends to run its fulfilment network with a number of 3PL partners, rather than build and operate its own warehouses. Advanced. Shopify Acquires 6 River Systems. … Products. With the acquisition of 6 River Systems, Shopify will add a team with decades of experience in fulfillment software and robotics, including experienced leaders from Kiva Systems (now Amazon Robotics). Shopify Inc., the leading multi-channel commerce platform, today announced that it has completed its acquisition of 6 River Systems, Inc. With this acquisition, Shopify is changing the fulfillment industry. The platform also provides merchants with a powerful back-office … The acquisition will take place in the final quarter of 2019. 6 River Systems General Information Description. Developer of a collaborative mobile robot with a modern cloud-based software designed to redefine fulfillment automation for e-commerce and retail operations. Shopify (NYSE: SHOP), which offers commerce platforms for both traditional and e-commerce retailers, will acquire 6 River Systems as a means to increase fulfillment efficiency in Shopify warehouses. Shopify acquires 6 River Systems on 2019-09-10 for $450000000. 6 River Systems acquired by Shopify. Canadian e-commerce company Shopify has closed the deal to acquire US-based warehouse fulfilment solutions provider 6 River Systems. … Annual billings generation of about $30 million in 2020 by 6 River Systems. Through the acquisition… Acquired Industrial Automation Companies . About Shopify Shopify is the leading multi-channel commerce platform. Following the acquisition, 6 River Systems will continue to build and sell its solutions for warehouses. Try Pro free Solutions. The Ottawa-based e-commerce giant is paying $450 million in cash and stock for the Massachusetts-based company that is backed by venture capital and specializes in fulfillment robotics and software. Chris Cacioppo, Co-founder & CTO, joined the podcast to talk about the acquisition and how integration has gone. Merchants use Shopify to design, set up, and manage their stores across multiple sales channels, including mobile, web, social media, marketplaces, brick-and-mortar locations, and pop-up shops. Prior to the acquisition, 6 River Systems raised about $46 million in venture capital. Resources. Shopify Inc., the leading multi-channel commerce platform, today announced that it has completed its acquisition of 6 River Systems, Inc. With this acquisition, Shopify is changing the fulfillment industry. The acquisition enables Shopify to add a team " with decades of experience in fulfillment software and robotics," the press release said. Acquisition. Shopify will maintain the 6 River Systems brand and … The transaction adds 6 River Systems’ cloud-based software and fleet of collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network, accelerating its growth. Shopify will acquire all of the company’s outstanding securities in a transaction valued at $450 million, consisting of 60% cash and 40% in shares. Chuck was lauded in the Smart Products metacategory and Product Design for Robotics category for its best-in-class industrial design. The talented 6 River Systems team, with more than 130 employees, brings extensive experience in fulfillment software and robotics to Shopify. Amazon bought Kiva in 2012 for $775 million. Acquired Organization: 6 River Systems 6 River Systems mission is to redefine fulfillment automation for e-commerce and retail operations. 6 Rivers Systems said it will continue to sell its solutions to other warehouses, not just Shopify’s. 6 River Systems mission is to redefine fulfillment automation for e-commerce and retail operations. The transaction adds 6 River Systems’ cloud-based software and fleet of collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network, accelerating its growth. 6 River Systems is a warehouse management and automation company that utilizes mobile robots named “Chuck” to improve … More than 130 6 River Systems employees will join Shopify as part of the acquisition. Overview. Established in 2015, 6 River Systems was founded by Jerome Dubois, Rylan Hamilton, and Chris Caciopppo, with Dubois and Hamilton previously serving on the executive team of Amazon Robotics, which was formerly known as Kiva Systems. Read full article » Summary . Orrick advised Shopify Inc., the leading cloud-based, multi-channel commerce platform, in its proposed acquisition of 6 River Systems. By acquiring 6 River Systems, Shopify will be adding a team with decades of experience in fulfillment software and robotics including experienced leaders from Kiva Systems (now Amazon Robotics). 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