Pivotree Announces Definitive Agreement To Acquire Data Management Firm Codifyd

Nov 02, 2021•over 3 years ago

Acquiring Company

Pivotree Inc.

Acquired Company

Codifyd

TorontoCommerce And ShoppingFinancial ServicesMedia And EntertainmentSoftwareProfessional ServicesInformation Technology

Description

Pivotree Inc. (TSXV: PVT) ("Pivotree'' or the "Company"), a leading provider of frictionless commerce solutions, is pleased to announce that it has entered into a definitive agreement (the "Transaction") to acquire Codifyd, Inc. ("Codifyd"), a leading Data Services and Master Data Management firm. The acquisition will scale and enhance Pivotree's capability in the data management business as a foundational component of the company's frictionless commerce strategy.

Company Information

Company

Pivotree Inc.

Location

250 YONGE STREET, 16TH FLOOR

Toronto, Ontario, Canada

About

Pivotree is a leader in frictionless commerce with expertise in eCommerce, MDM, Cloud, Cybersecurity, and Supply Chain solutions. It is an end-to-end vendor supporting clients from strategy, platform selection, deployment, and hosting through to ongoing support. It operates as a single expert resource to help companies adapt relentlessly in an ever-changing digital commerce landscape. Leading and innovative clients rely on Pivotree's deep expertise to choose enterprise-proven solutions and design, build, and connect critical systems to run smoothly at defining moments in a commerce business. Pivotree serves as a trusted partner to over 170 market-leading brands and forward-thinking B2C and B2B companies, including many companies in the Fortune 1000. With offices and customers in the Americas, EMEA, and APAC, Pivotree is widely recognized as a high-growth company and industry leader around the globe. For more information, visit http://www.pivotree.com.

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Integration timeline

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Tech stack consolidation

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Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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