Shopify Acquires Boltmade to Accelerate Shopify Plus Roadmap

Waterloo, Canada — October 3, 2016 Shopify Inc. (NYSE:SHOP)(TSX:SH), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced it has acquired privately held Boltmade, Inc., a product design and development consultancy based in Waterloo, Ontario. The acquisition of Boltmade will help accelerate the development of the Shopify Plus product offering. Shopify Plus offers high-growth, high-volume merchants a cloud-based, fully hosted enterprise commerce platform, without the limitations of legacy solutions.

“We first worked with the Boltmade team in early 2016 and quickly realized the team’s huge potential and depth of talent,” said Loren Padelford, VP of Shopify Plus. “Shopify is committed to investing in talent. The acquisition of Boltmade will bring a strong group of designers and engineers to Shopify Plus. We’re thrilled to have them join our team to help shape the future of commerce for larger merchants.”

Founded in 2013, Boltmade is a 21-person product-focused digital consulting firm that designs and builds software products for early stage startups to Fortune 500 companies. The Boltmade team will join the Shopify Plus office in Waterloo.

“Shopify has had a big impact on commerce by helping businesses of all sizes achieve success. Earlier this year, we jumped at the chance to work on a project with them,” said Jim Murphy, Founder and President of Boltmade. “We’re excited to be joining Shopify Plus to help some of the most recognizable, fastest-growing brands in the world sell billions of dollars of product.”