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Shopify Inc. says it has acquired Swedish e-commerce company Tictail.

Terms of the deal were not immediately available.

Like Shopify, Tictail aims to bring trendy products to the marketplace by helping businesses create an online presence.

Tictail was founded in 2012 by four friends, including one who wanted to create the company after he watched his mother struggle to build an online shop for her ceramics.

The acquisition comes as Shopify eyes international markets for growth and attempts to add more merchants outside North America.

Shopify products are already used by brands including Nestle, Kylie Cosmetics, Tesla and Red Bull.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 27/05/24 9:46am EDT.

SymbolName% changeLast
SHOP-T
Shopify Inc
+0.35%78.14

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