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  5. PicsArt Acquires DeepCraft

M&A Deal Summary

PicsArt Acquires DeepCraft

On December 2, 2021, PicsArt acquired software company DeepCraft

Acquisition Highlights
  • This is PicsArt’s 2nd transaction in the Software sector.
  • This is PicsArt’s 2nd transaction in Armenia.

M&A Deal Summary
Date 2021-12-02
Target DeepCraft
Sector Software
Buyer(s) PicsArt
Deal Type Add-on Acquisition

Target

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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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 2 of 3
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Armenia M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 D’efekt

Yerevan, Armenia

D’efekt is a provider of an advanced video effects software. D’efekt is based in Yerevan, Armenia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 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.

Buy -
Mergr

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