Pivotree Sells Warehouse Management Assets to Tecsys

Pivotree Inc., a key player in frictionless commerce solutions, has announced the sale of specific Warehouse Management System (WMS) assets to Tecsys Inc. This strategic move allows Pivotree to redirect its focus towards core growth priorities. The transaction supports a capital reallocation strategy aligned with the company’s broader customer base and growth initiatives.

The assets, transferred for a purchase price of C$2.7 million, include customer contracts and Pivotree's proprietary WMS software. Former employees from Pivotree will join Tecsys to maintain existing contract delivery and continue product development.

Pivotree aims to optimize resource utilization following this sale, reinforcing its commitment to its primary market focus. The company expressed confidence in Tecsys as a reliable successor for its WMS team and clients.