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March 27, 2015 2:16 PM ET

Internet Software and Services

Company Overview of Shopify Inc.

Company Overview

Shopify Inc. provides an e-commerce solution that enables to set up online stores to sell goods. It offers various features related to storefront, shopping cart, store management, marketing and search engine optimization, products, Web hosting, analytics, mobile application, and 24/7 support. The company’s platform facilitates to organize products, accept credit card payments, and track and respond to orders. It offers its services through phones, laptops, and point of sale. The company was founded in 2005 and is based in Ottawa, Canada.

150 Elgin Street

8th Floor

Ottawa, ON K2P 1L4

Canada

Founded in 2005

Phone:

888-329-0139

Key Executives for Shopify Inc.

Co-Founder and Chief Executive Officer
Chief Technology Officer
Co-Founder and Chief Design Officer
Chief Financial Officer
Chief Platform Officer
Age: 31
Compensation as of Fiscal Year 2014.

Shopify Inc. Key Developments

Intuit Inc. Partners with Shopify to Automate Bookkeeping for Online Retailers

Intuit Inc. and Shopify announced partnership to automate bookkeeping for online retailers. The integration will allow Shopify merchants to automatically update and transfer accounting data, freeing time for business owners to focus on growing their business, not managing the technology behind it. Delivering a seamless integration between QuickBooks Online and Shopify makes it easy for businesses to automatically reconcile sales data. Through the partnership Shopify has been selected as a preferred commerce provider for existing and new Intuit customers. Priority access to QuickBooks Online powered by Shopify will be available to the company's 150,000-plus merchants, who sell online, in physical retail locations and on the go. QuickBooks Payments is available now for new and existing Shopify merchants. The QuickBooks Online integration will be available within the coming months.

Shopify Reportedly Seeks IPO

Shopify Inc. is gearing up for a sale of its own via 2015 initial public offering. Shopify is working on a plan to raise roughly $100 million in a dual United States-Canada IPO that could value Shopify at well over $1 billion, according to people familiar with the matter. Banks including Morgan Stanley (NYSE:MS), Credit Suisse Group AG (SWX:CSGN) and RBC Capital Markets LLC have recently been tapped to work with Shopify on the deal, the people said. The IPO could launch as early as the spring, but the timing will depend on market conditions, one of the people said.

Apptive Announces Mobile Commerce Partnership with Shopify

Apptive announced their new partnership with Shopify. Apptive has integrated directly with the Shopify API and Shopify App Store to make it simple and fast for Shopify merchants who wish to expand their mobile commerce strategy with an app. EasyApp allows merchants to create a feature-packed native mobile app in minutes with no coding required. End customers can browse and buy products directly from the apps without additional management from store owners. The apps also provide native-only functionality, such as push notification messages and deals, which mobile websites cannot deliver. This integration with Shopify builds on Apptive's goal to make app creation possible for all eCommerce merchants.

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