Nate Stewart, Zing’s co-founder and CEO
The terms of the deal were not disclosed.
Zing’s team of five employees will join Bigcommerce. The company has also acquired Zing’s intellectual property.
Zing moved to Austin three years ago and has raised less than $1 million to build its point of sale technology for retailers to manage their inventory online and in store, said Nate Stewart, its co-founder and CEO. An investor introduced Zing to Bigcommerce a few years ago, Stewart said.
Zing started out as Zing Manage, and then became Zing Checkout and now its just Zing, Stewart said. When Stewart moved from Los Angeles to Austin, he worked out of Capital Factory where he met Zack Angelo, who became the company’s chief technology officer. Zing has been a partner working with Bigcommerce for two and a half years, Stewart said.
“Their vision is so similar to ours,” Stewart said. “It’s exciting.”
Bigcommerce plans to integrate Zing’s payment technology into its software and make it available to its customers. The technology allows retailers to sync online and in-store inventory and allow for in-store pickup. The software also allows retailers to track customer data and purchases online and in store. Bigcommerce has 85,000 retail customers and 30 percent of those have physical stores.
“Nate and the Zing team have done a remarkable job extending the Bigcommerce platform in a way that enables our merchants to do this and more, and I have full confidence in their expertise and IP will further advance and expand our omni-channel strategy,” Eddie Machaalani, co-founder and CEO of Bigcommerce said in a news release.
Bigcommerce, founded in 2009, has received $125 million in funding from SoftBank Capital, American Express, Telstra Ventures, General Catalysts, Revolution Growth and Floodgate. Bigcommerce has offices in San Francisco, Austin and Sydney.
Bigcommerce, which has 250 employees in Austin, is hiring for a variety of positions. Stewart, in particular, is looking for Scala developers.
