In a move that underscores the fast-paced and competitive nature of the e-commerce industry, Threecolts has acquired McKinney-based DimeTyd. Threecolts, a provider of cloud-based solutions for Amazon businesses, will offer its clients an expanded suite of tools and services through DimeTyd’s advanced e-commerce profit recovery solution.
DimeTyd is a fully automated FinOps platform for 1P Amazon vendors offering seamless recuperation of profit leakage based on complex accounting errors. No financial details of the deal were released.
Rohan Thambrahalli, founder of DimeTyd, will continue in his role as CEO.
“I’m excited to announce DimeTyd’s acquisition by Threecolts and the significant expansion of our product offering in the process,” Rohan Thambrahalli, who will continue in his role as CEO of DimeTyd, said in a statement.
“Threecolts shares my vision about the immense opportunity for profit recovery FinOps in e-commerce. With the integration of these new capabilities to the existing DimeTyd solution-set, Amazon vendors and sellers will benefit from a next-generation solution that enables them to streamline operations and maximize profitability.”
DimeTyd said that tens of thousands of customers, including the fastest-growing startups, Fortune 500 enterprises, and leading e-commerce agencies, leverage France-based Threecolts’ portfolio of solutions to grow faster, lower costs and become more agile.
“DimeTyd offers unparalleled profit recovery technology. In this transaction, the brand will expand to offer additional, multifaceted capabilities to Amazon vendors and sellers,” Threecolts founder and CEO Yoda Yee said in a statement.
“Rohan will continue to lead the company as we work together to expand the market opportunity. His alignment with brands and unique understanding of the technology driving advanced profit recovery technology will enable us to continue to attract new customers and drive growth.”
DimeTyd said its technology is the first automated solution designed for Amazon vendors to manage transactions and align with the marketplace’s layered and complex accounting system.
The scalable platform is able to analyze up to five years’ worth of accounting data and automatically finds and reports the errors, seamlessly recouping funds back to the vendor and adding to the company’s profitability.
The company said that a vendor’s net recouped money equates to off-the-chart returns quickly and corrects errors for all future transactions.
DimeTyd said its vision is to empower fair, accountable, and transparent accounting for the world of e-commerce.
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