Pivotree Expands Frictionless Commerce Product Portfolio with Definitive Agreement to Acquire Bridge Solutions Group Corp.
Pivotree Inc, a leading provider of frictionless commerce solutions, is pleased to announce that it has entered into a definitive agreement (the “Transaction”) to acquire Bridge Solutions Group Corp (“Bridge Solutions Group”), a supply chain service provider and Pivotree partner specializing in order management services, warehouse management services and application integration. The acquisition will transform Pivotree’s ability to deliver end-to-end frictionless experiences for customers by providing a single entity to manage their commerce operations.
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With the acquisition of Bridge Solutions Group, Pivotree will add and build on the Yantra Commerce solution set, including the Yantra WMS, IMS and Control Tower products that provide visibility, analytics and supply chain integration tools tailored to real world IT and business needs. This comes in addition to Pivotree’s proven solutions and capabilities in business process transformation, security and Cloud platforms.
“Over the next five years, retailers and brand manufacturers will be faced with the challenge of competing with huge digital players like Amazon and Walmart, while encountering unprecedented global supply chain disruptions that add friction to building customer and brand loyalty. By acquiring Bridge Solutions Group, Pivotree is in a position to help our clients build even more flexible, agile systems to compete in any commerce environment. We’re excited about the products and capabilities that this acquisition will bring, enabling transformational digital experiences for our customers and partners,” said Bill Di Nardo, CEO of Pivotree.
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“Today is a day like no other for the Bridge Solutions Group team. Pivotree is a global leader in frictionless commerce and an important strategic partner, and joining forces allows us to deliver on our shared vision for commerce innovation. We look forward to combining our team of seasoned business and IT experts and helping the world’s leading organizations achieve the near-limitless opportunities around frictionless commerce,” said Doug Brochu, CEO of Bridge Solutions Group.
Bridge Solutions Group was founded in 2010 and boasts global delivery expertise with offices across North America and India. Bridge Solutions Group services an impressive roster of Fortune 500 companies and leading retailers. Bridge Solutions Group is both an IBM Premier Business Partner and Fluent Commerce partner.
For the trailing twelve-month period ended June 2021, Bridge Solutions Group generated revenue of USD$8.1 million with approximately 29% of its revenue generated from managed services and 71% from professional services. Bridge Solutions Group’s 2021 total gross profit margin percentage to date is greater than 45%, and over the past 3 years has experienced strong growth in demand for its solutions with a revenue compound annual growth rate (CAGR) in excess of 17% (based on H1-2021 run-rate revenues).
