Product wholesalers use New York-based Handshake to take orders from retailers. Customers include stroller brand Bugaboo, brewery Ace Hill and clothing manufacturer Dickies’ European division. Shopify did not disclose the acquisition price, but it is reportedly less than $100 million. Handshake CEO Glen Coates is now an executive at Shopify Plus, the company’s product group for larger merchants. (TechCrunch)

Talking point: This is Shopify’s second deal focused on growing Shopify Plus, following the 2016 acquisition of Boltmade, a design and development firm. Shopify has bought startups both as a way of hiring their people—five of its eight disclosed acquisitions before Handshake appear to have been such “acqui-hires”—and for their products. More deals may be in the offering. Shopify raised US$1.10 billion in secondary offerings last year, and has made at least three deals since Amy Shapero, an experienced M&A executive, became CFO in March 2018.