Launches Commerce-as-a-Service (CaaS), A New Way of Empowering Frictionless Commerce and Digital Transformation

▤ Summary

CaaS’ innovative pricing and pre-composed service packages remove the barriers to entry for any organization looking to digitally transform its commerce business TORONTO, January 10, 2023 – Pivotree Inc. (TSXV: PVT) (“Pivotree” or the “Company”), a leading provider of frictionless commerce solutions and services, announced today the launch of Commerce-as-a-Service (CaaS), an innovative way to implement, deliver and fund ecommerce projects and digitally transform business operations quickly. Economic uncertainty coupled with accelerated changing consumers’ expectations, means retailers and brand manufacturers need to act fast and forge forward in their digital transformation journeys to remain competitive in their markets,” said Joseph Lee, General Manager, Commerce at Pivotree. CaaS brings the best technical expertise in the commerce industry together to deliver code changes without refactoring at incredible speed and allows for all-in-one services or unbundled; where customers can get the best in strategy, implementation and performance, all in for a low monthly price. “We are thrilled to be partnering with Pivotree to bring a composable and high-value commerce solution and service to enterprises at a time when having the flexibility to adapt is paramount,” said Boris Lokschin, co-founder and CEO at Spryker. The way retailers and brands purchase digital commerce software is rapidly changing as forward-thinking CIOs move away from large up-front CapEx custom technology in favor of OpEx solutions offered as SaaS,” said Mariano Gomide de Faria, VTEX co-CEO and co-founder.

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