Ecommerce service provider Shopmatic nabs Ruby on Rails dev team through acquisition

The 5xRuby founding team. Photo credit: 5xRuby.

Singapore-based ecommerce startup Shopmatic has acquired Taiwanese Ruby on Rails technology company 5xRuby, it announced today.

We have reached out to Shopmatic for more details on the deal.

5xRuby was established in 2014 as a community of Ruby on Rails developers who wanted to spread their coding message in the region. It provides consulting, training, and development services.

Shopmatic provides ecommerce services to small businesses. It helps them set up an online shop, lists the seller’s products on sites like eBay, Amazon, Flipkart, and Lazada, and provides tools for analytics, inventory management, and logistics.

See: They left PayPal to help merchants get online

Founded by former PayPal staffers Anurag Avula, Yen Lim, and Kris Chen, the startup wants to solve the problem of small merchants who find it daunting to bring their business online. Its core user base is currently in India.

Partnering with 5xRuby is meant to improve Shopmatic’s tech and give the company an established platform development team.

“This acquisition will enable us to scale and enter new markets at a faster pace,” says Shopmatic CEO Anurag Avula in a statement.

“We are excited to team up with Shopmatic to strengthen its online platform with our elegant, fun and productive language so that their merchants can focus on growing their business,” adds Eddie Kao, co-founder of 5xRuby.

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from Tech in Asia https://www.techinasia.com/ecommerce-service-provider-shopmatic-nabs-ruby-rails-dev-team-acquisition
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