ESW, a Dublin, Ireland, and New York-based direct-to-consumer (DTC) ecommerce company, acquired Scalefast, a Los Angeles, CA–based, end-to-end ecommerce solution provider.
The amount of the deal was not disclosed. Subject to customary approvals, the transaction is expected to close by mid-year 2022.
The acquisition will further extend ESW’s market strength across apparel, beauty, personal care and brands to include entertainment, gaming and electronics.
ESW, in turn, 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.
Scalefast founders, CEO Nicolas Stehle, CTO Frédéric Bocquet, and CMO Olivier Schott, will join the ESW senior leadership team. With a combined workforce of more than 1,000 team members, alignment between ESW and Scalefast positions the business for accelerated growth building upon the best aspects of both cultures.
Scalefast is a VC-backed US scale-up of 350+ employees specialized in providing global ecommerce-as-a-service solutions to brands. Investors include Benhamou Global Ventures, Crédit Mutuel Equity and Adara Ventures. Established in five countries, including the US, Spain, France, Switzerland, and Japan, Scalefast serves consumers in more than 200 countries and territories.
Led by Tommy Kelly, Founder & CEO, ESW is a global direct-to-consumer (DTC) ecommerce leader, empowering brands and retailers to make global shopping better, safer, simpler and faster, end-to-end. From compliance, data security, fraud protection, taxes and tariffs to demand generation, checkout, delivery, returns and customer service, its technology and human ingenuity covers the entire shopper journey across 200 markets, with 100% carbon neutral shipping to consumers. Headquartered in Dublin, Ireland, ESW has global offices in the US, UK, France, Italy, Hong Kong and Singapore. ESW is an Asendia Group company, a joint venture between La Poste and Swiss Post.
FinSMEs
10/05/2022