Descartes Acquires Sellercloud For $110M

Supply ChainPlatforms
Written By Rick Watson

New Jersey-based Sellercloud provides omnichannel e-commerce services to more than 1,000 merchants, distributors, wholesalers and manufacturers. The company’s platform is designed to help users manage product across multiple sales channels, including the fulfillment process. It executes more than 150 million orders valued at over $15 billion annually.

Descartes Systems Group announced the acquisition of inventory and order management platform Sellercloud for $110M, which includes up to an additional $20M performance-based earnout based on revenue-based targets in the next two years post-acquisition. This is the fifth acquisition that Descartes has made in 2024, as the company has added additional e-commerce logistics solutions to its offering. Growth via acquisition?

GlobeNewswire: Descartes Acquires Sellercloud

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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