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Stock impact report

Global-e to Acquire SMB Cross-Border E-Commerce Provider Flow Commerce [MarketWatch]

Global-E Online Ltd. - ordinary shares (GLBE)  More Company Research Source: MarketWatch
PDF PETAH-TIKVA, Israel, Nov 24, 2021 (GLOBE NEWSWIRE via COMTEX) -- PETAH-TIKVA, Israel, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Global-e (NASDAQ: GLBE) ("Global-e" or the "Company"), the world's leading cross-border end-to-end platform for brands and retailers, today announced that it has entered into a definitive agreement (the "Agreement") to acquire Flow Commerce Inc. ("Flow"), a technology based cross-border e-commerce software solution for emerging brands. The acquisition is expected to strengthen Global-e's offering and capabilities, allowing Global-e access to additional addressable market of small merchants not currently eligible to use Global-e's services. Leveraging Flow's robust API-based technology, Global-e will be well-positioned to provide small merchants with a best-in-class solution, tailored for the needs of emerging brands, with a lightweight integration effort and advanced self-service capabilities, in combination with Global-e's unique data models and AI-algorithms f [Read more]
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