Now that this acquisition is official, I wanted to share my thoughts as a $GLBE shareholder.

This is the second sizable acquisition Global-e has made this year alone, the other being Flow back in January. Together these acquisitions total around $600M, more than half of which has been paid for with cash. For reference, $GLBE brought in $245M in revenue in 2021.

The Flow acquisition was interesting because it emphasized Global-e's commitment to providing optimal solutions to small & medium-sized businesses (emerging brands).

This Borderfree acquisition solidifies a partnership with Pitney Bowes, who will now deliver cross-border eCommerce logistics services to Global-e clients. This deal is expected to generate $40M in revenue in 2022. Borderfree is considered a leading cross-border eCommerce solutions provider in Argentina, Ecuador, Pakistan and Serbia, so the hope is that this acquisition will further expand Global-e's leadership to these markets.

In a time when many are pessimistic about eCommerce, it is encouraging to see $GLBE aggressively invest in growing the business, as these acquisitions will provide the opportunity for a larger customer base. The looming danger comes in the form of fallout from global inflation and recession. If eCommerce continues to slow on a global scale, the company would certainly feel the pain and the recent strain of these acquisitions could provide added pressure.

For other $GLBE investors, how do you feel about the string of acquisitions this year?