E-commerce firm Paddle has signed a seven-figure merger deal with software firm DevMate. The two firms will merge to form an enhanced platform for software firms.
Created by Ukrainian software development company MacPaw, DevMate specialises in providing distribution toolkits and software development. Oleksandr Kosovan, MacPaw’s founder and CEO, will join Paddle’s board of directors as part of the a deal. “DevMate is the best tool for software developers to develop and distribute software – the only piece of the software lifecycle it didn’t cover was checkout and payments,” Kosovan said.“Paddle is the most innovative e-commerce solution out there for software businesses, so for me this deal was obvious. I am thrilled to be joining the Paddle board and helping the team as it continues to grow.”
Meanwhile, Christian Owens, Paddle’s founder and CEO, said: “DevMate was an obvious choice for us, with so much need among their customers for a checkout solution and our desire to improve the way companies build software through better tools.
“With DevMate and Paddle, we are one step closer to realising our mission to be the number one platform for software developers to manage and grow their businesses. We have admired DevMate since it launched; it adds crash reporting and additional incredible analytics to our platform and considerably improves our licensing and release management capabilities.”
The merger comes after Paddle previously acquired analytics platform Calq.io. While Owens said that the company had no particular strategy in terms of mergers he refused to rule out future takeovers. “If we can add incredible people or technology [to Paddle] then we’re open to doing more in the future,” he added.