Searchspring Announces Strategic Growth Investment from PSG

Platforms
Written By Rick Watson

As a global provider of search, merchandising, and personalization software built exclusively for ecommerce, Searchspring helps enable brands to get the right product, to the right person, at the right time.
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams.

SearchSpring has long been a player in the Shopify ecosystem for some time, in what is an extremely competitive market with other players like Nosto and Klevu.

Many times, these types of investments are acquisitions, but that’s not how they announce it.  It’s not clear if that’s the case here but the fact that this is not announced as something like Series B or C, could point to the fact that this is an acquisition.

Business Wire: Searchspring Announces Strategic Growth Investment from PSG

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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