Newgistics Acquires Tacit Knowledge

imgres-1Austin-based Newgistics, which makes e-commerce products, has acquired Tacit Knowledge, a digital commerce consultant.
The terms of the deal were not announced.
“Like Newgistics, Tacit Knowledge is a trusted partner to some of the world’s most recognizable retail brands,” Bill Razzouk, CEO of Newgistics said in a news release. “Both organizations also share a reputation for excellence, making Tacit a perfect fit as Newgistics launches an end-to-end e-commerce offering that brings together best-in-class technology solutions spanning the entire customer journey.”
Both companies share similar cultures, values, mission and an entrepreneurial spirit, Chris Andrasick, CEO of Tacit Knowledge, said in a news release. “With the launch of our new end-to-end e-commerce solution, this is a particularly exciting time in Newgistics history, and we look forward to playing a key role in the company’s continued growth.”
Tacit Knowledge, founded in 2002 and based in San Francisco, has 80 employees.

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