ESW to acquire e-commerce platform Scalefast
Global direct-to-consumer e-commerce company ESW announced on Monday it has acquired Los Angeles-based e-commerce platform Scalefast, with the deal expected to drive growth in revenue and product innovation across the group’s integrated client base.
ESW also announced that Scalefast founders, CEO Nicolas Stehle, CTO Frédéric Bocquet, and CMO Olivier Schott, will join the ESW senior leadership team, as part of the new deal. The deal is expected to close by mid-year 2022, subject to customary approvals.
“ESW’s acquisition of Scalefast demonstrates our commitment and ambition to accelerate growth for our customers by empowering them to be at the forefront of rapidly evolving consumer requirements around the world,” said Tommy Kelly, founder and CEO, ESW.
“Scalefast’s technology offering is highly complementary and will enable ESW to unleash new capabilities and deliver even faster direct-to-consumer ecommerce growth for new and existing clients.”
The Dublin-based ESW said Scalefast "builds ecommerce stores faster than any of its competitors," adding it plans to leverage the U.S. firm's feature-rich, in-house developed platform, retail infrastructure and applying proprietary data and behavioral analytics to deliver pre-built DTC e-commerce features and capabilities for brands.
ESW, in turn, said it will provide Scalefast’s clients with its checkout, payment gateway, and logistics offerings which include hub or hubless options, omni-channel solutions such as ship from store, and an ecosystem of global logistics partners that move hundreds of millions of packages each year on behalf of its clients.
The deal will also strengthen ESW’s market strength across apparel, beauty, personal care and luxury brands to include entertainment, gaming and electronics.
“Scalefast’s services are highly synergistic with ESW’s from a revenue generation perspective,” said Nicolas Stehle, CEO, Scalefast.
“We are excited by this opportunity to join in a bold vision for the future of DTC ecommerce. Scalefast and ESW’s blended knowledge, expertise, and technology will provide distinct competitive advantages as a fully integrated technology-driven commerce service provider.”
Copyright © 2022 FashionNetwork.com All rights reserved.