E-Commerce Firm Plimus Acquired By Private Equity Giant For $115 Million

It was announced Monday that e-commerce platform provider Plimus has been acquired.

The buyer is private equity firm Great Hill Partners, which gobbled up Plimus for a reported $115 million.

Plimus, a company that has enjoyed substantial growth in recent years, is well known for building and managing online businesses for countless software publishers, Web hosting companies and online retailers.

According to Tech Crunch, “a business can choose Plimus hosted application that spans the entire e-Commerce lifecycle, or it can deploy the a ‘Plimus Buy Anyware’ API which allows retailers to integrate the technology with existing solutions.”

Primus recently made headlines for its successful new founding round, which generated some $18 million from Susquehanna Growth Equity.

Tech Crunch, however, pointed out that Plimus competitor BigCommerce also had a recent and highly successful funding round which garnered $15 million by comparison.