Press release 11-05-2021
Niclas Heurlin, CEO, Storm Commerce | Fredrik Hedblom, CEO, Jetshop
Jetshop and Storm Commerce, two of the Nordic region’s leading providers of e-commerce platforms, are merging to form the largest Nordic SaaS company in digital commerce. A joint customer offering is now being created that meets tomorrow’s demand for API-first and True SaaS.
This merger will make Jetshop and Storm Commerce the largest Nordic SaaS company in digital commerce, with more than 100 employees, annual recurring revenues in excess of SEK 100 million, and a geographical presence in Stockholm, Gothenburg and Oslo.
“By far the biggest winners will be our customers, who will now benefit from an even more bespoke joint offering and a significantly higher rate of development. Storm Commerce shares our belief that SaaS, Headless and API-first are crucial factors when it comes to creating the commerce solutions of the future. Together, we become the preferred choice for customers seeking security and growth based on cutting-edge technology,” says Fredrik Hedblom, CEO of Jetshop.
“We are both pioneers in digital commerce who have had a clear partner strategy as part of our success journeys. Our common ambition is to continue to develop the most partner-friendly offering on the market. Jetshop is the ideal collaborator in this situation, enabling us to create scalable e-commerce solutions that meet the demands made by future e-commerce retailers and consumers of a modern e-commerce and buying experience,” says Niclas Heurlin, CEO of Storm Commerce.
The merger will accelerate further development, with True SaaS and API-first being specific success factors for profitable digital commerce. By combining the companies’ strengths, the goal is to increase the growth rate and thus deliver a higher value to customers, employees and shareholders. The complementary offering includes B2C, B2B and D2C, and clear expansion plans beyond the domestic market are part of the shared journey ahead.
Jetshop and Storm Commerce will initially operate under existing company names on their journey towards a common brand.
Since it was founded in 2003, Jetshop has been an innovative technology, strategy and knowledge partner, driven by your success across all channels. We provide you with a cloud-based e-commerce platform, creating the best possible conditions for successful omnichannel retailing and cross-border commerce. With Jetshop Commerce, you get a powerful Software as a Service platform as always runs on the latest version, with the latest technology.
Jetshop has 70 employees and offices in Stockholm, Oslo and Göteborg. Investors include Stella Capital, among others. Customers include Bergans of Norway, Coolstuff, 8848 Altitude, Lagerhaus, Scorett, Hööks, A Days March, Svenska Hem and Flattered.
About Storm Commerce
Since 2008, Storm Commerce has offered an advanced platform for digital commerce. Together with our Solution Partners, we create scalable e-commerce solutions that will grow with our customers’ needs over time. We are experts in the digitalisation of business processes and we want to be a driving force in the digital transformation taking place within commerce.
Storm Commerce is based in Stockholm and investors include Verdane, among others. Customers include Cervera, Royal Design, Adlibris, Blåkläder, Spendrups, Swedish Match, Rusta, Hylte Jakt & Lantman, Lets Deal, Kitchentime, Sportson, Colorama and Kinnarps.
For more information
Fredrik Hedblom, CEO, Jetshop
+ 46 (0)735 – 18 15 76
Niclas Heurlin, CEO, Storm Commerce
+ 46 (0)736 – 50 79 87