M&A Deal Summary

PicsArt Acquires Code Republic

On February 2, 2022, PicsArt acquired internet software and services company Code Republic

Acquisition Highlights
  • This is PicsArt’s 1st transaction in the Internet Software and Services sector.
  • This is PicsArt’s 3rd transaction in Armenia.

M&A Deal Summary

Date 2022-02-02
Target Code Republic
Sector Internet Software and Services
Buyer(s) PicsArt
Deal Type Add-on Acquisition

Target

Code Republic

Armenia
Code Republic is a learning platform for students in IT, including web development and more. Code Republic was founded in 2019 and is based in Armenia.

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Buyer(S) 1

Buyer

PicsArt

San Francisco, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

PicsArt, Inc. is a provider of creative platform and social editing app for visual storytelling. PicsArt is based in San Francisco, California.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Armenia M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 DeepCraft

Yerevan, Armenia

DeepCraft is a research and development company providing state-of-the-art solutions for customers at any phase of business or software development — from startups at the ideation stage to mid-sized businesses and large enterprises with a focus on optimization and expansion no matter the industry they operate in. DeepCraft was founded in 2017 and is based in Yerevan, Armenia.

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