Printful and Printify, two pioneering technology platforms that enable a wide variety of customers to build eCommerce businesses utilizing the power and efficiency of production-on-demand, have today announced that they will merge. The merger will open new prospects for accelerated growth for both companies and offer millions of customers broader opportunities to develop their online businesses on a global scale. Both platforms will continue to operate as separate brands, strengthening Riga’s position as an innovation center and a strategic target for tech investment.
With the support of shareholders and the approval of regulatory authorities, Printful and Printify have announced their merger today. By joining forces as equal partners and combining their technology capabilities and resources, the new company will be able to create a business providing greater product selection, broader geographic reach, and improving fulfillment solutions for everyone—from individual entrepreneurs to leading global companies. Both the Printful and Printify brands will be maintained for the foreseeable future, and existing sellers and customers can expect to see new offerings on both platforms soon.
“This is an exciting moment for everyone. Printify is a business that we have long respected and I believe that there is a natural fit between the two companies. As our discussions progressed, we found that our cultures are very similar, while our businesses are even more complementary than we initially believed. I’m excited to see our two great technology companies combine strengths and provide our customers with ever improving opportunities to fulfill their business goals,” says Alex Saltonstall, CEO of Printful.
Today the two companies serve hundreds of thousands of clients, including individuals running side-gigs, entrepreneurs creating their own brands, and some of the world’s largest entertainment companies using creative merchandise to engage their fans. This merger will provide e-commerce sellers worldwide with the strengths of both Printful’s in-house production facilities, and Printify’s network of more than 85 third-party production partners. By providing print and other on-demand manufacturing services, the companies aim to replace mass production, both enabling the efficient growth of customers’ businesses and reducing the harmful effect of overproduction on the planet.
“Our combined company will give our merchants more. More top-quality products, more places to sell, more innovative solutions, and more growth and profit. We’re also going to be able to provide best in class learning, talent density, and development opportunities for our teams. In recent years, the Latvian tech and entrepreneurial scene has caught up with our neighbors in the Baltics and Eastern Europe. This merger will not only help to crystallize that position but also give us the platform to be a destination for top talent from around Europe and the world,” asserts Anastasija Oļeiņika, CEO of Printify.
The merged business will become one of Latvia’s most prominent technology companies, contributing significantly to the domestic economy and enhancing Riga’s position as a leading destination for entrepreneurship, innovation, and tech investment. The co-founders of both companies view the merger as the next logical step in their development.
Lauris Liberts, co-founder and Chairman of Printful, states, ” Printful has been on an exciting journey for over ten years now and it’s fantastic to be moving to the next stage of our journey through a merger with Printify. Bringing together these two innovative technology and production-on-demand businesses will place us at the forefront of the country’s thriving technology sector and unlock huge growth potential for our company and the region.”
“We have always been focused on driving Printify towards its full potential, and Printful is the perfect partner to allow us to achieve that. It is clear that our businesses are hugely complementary and that this merger will ensure we are in the best possible position to serve our customers, enhance our offering, and grow further in new markets,” adds Jānis Berdigans, Founder and Executive Chairman of Printify.
About Printful
Printful is a technology company that helps e-commerce sellers of all sizes to use production-on-demand and other fulfillment solutions to turn their ideas into brands and products. Founded in 2013, Printful pioneered the market by providing production and fulfillment services to small and medium-sized businesses. It has since expanded its offering to serve the direct-to-consumer market and large enterprise clients. Printful has scaled its own, high-quality, on-demand production facilities across multiple continents, and is now trusted to fulfill more than a million items a month.
About Printify
Printify is the technology platform that makes it possible for anyone, anywhere to sell customized products with zero upfront investment. Established in 2015, Printify is focused on serving individual entrepreneurs and small and medium-sized businesses, turning their dreams into realities and helping them to unlock their financial independence. It has generated over 60 million orders that are fulfilled by more than 85 world-leading print houses that make up Printify’s trusted global network.
Source: printful.com