M&A Deal Summary

Rainmakers Acquires Shipsi

On September 24, 2024, Rainmakers acquired information technology company Shipsi from Auctane

Acquisition Highlights
  • This is Rainmakers’ 1st transaction in the Information Technology sector.
  • This is Rainmakers’ 1st transaction in the United States.
  • This is Rainmakers’ 1st transaction in California.

M&A Deal Summary
Date 2024-09-24
Target Shipsi
Sector Information Technology
Buyer(s) Rainmakers
Sellers(s) Auctane
Deal Type Divestiture

Target

Shipsi

Venice, California, United States
Shipsi helps brands increase conversion rates and customer loyalty by offering seamless, instant delivery options. Shipsi offers instant, same-day, and next-day delivery speeds without the need for complex integrations or massive infrastructure investments. Shipsi was founded in 2016 and is based in Venice, California.

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Buyer(S) 1

Buyer

Rainmakers

San Francisco, California, United States
Category Company
Founded 2016
Sector Software
DESCRIPTION

Rainmakers is a talent marketplace startup focused on identifying a need in the market for a reliable way to source and recruit sales talent. The company is a career marketplace that connects high-performing salespeople with great companies. Rainmakers was formed in 2016 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Auctane

Austin, Texas, United States
Category Company
Founded 1996
Sector Internet Software and Services
Revenue 758M USD (2020)
DESCRIPTION

Auctane is a provider of Internet-based mailing and shipping solutions. From same-day delivery and intuitive shipping software to a network of 3PL providers — and everything in between — Auctane’s suite of technology solutions solves a variety logistic challenges. Auctane was formerly known as Stamps.com and changed its name in 2021. Auctane is based in Austin, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Packlink

Madrid, Spain

Packlink is a European shipping platform, with a portfolio of merchant solutions. Packlink works with e-commerce platforms and marketplaces to deliver a selection of delivery options for online merchants of all sizes. Packlink was founded in 2012 and is based in Madrid, Spain.

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