M&A Deal Summary

VTEX Acquires Workarea

On February 10, 2021, VTEX acquired software company Workarea from BVAccel

Acquisition Highlights
  • This is VTEX’s 1st transaction in the Software sector.
  • This is VTEX’s 1st transaction in the United States.
  • This is VTEX’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-02-10
Target Workarea
Sector Software
Buyer(s) VTEX
Sellers(s) BVAccel
Deal Type Divestiture
Advisor(s) View Partners Capital LLC (Financial)

Target

Workarea

Philadelphia, Pennsylvania, United States
WebLinc Corp. is a provider of an eCommerce based business solutions. WebLinc was founded in 1994 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

VTEX

London, United Kingdom

Category Company
Founded 2000
Sector Internet Software and Services
Employees1
Revenue 202M USD (2023)
DESCRIPTION

VTEX is an e-commerce SaaS platform. The Company has a proprietary cloud base e-commerce software platform that targets small, medium, and large retailers and other e-commerce customers in Brazil and across the region. VTEX was founded in 2000 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

BVAccel

San Diego, California, United States

Category Company
Founded 2013
Sector Digital Media
DESCRIPTION

BVAccel is an eCommerce solutions agency and the Shopify Plus-focused implementation consulting firm in the world. The Company’s comprehensive service offering of Design & Development, Strategy & Optimization and Marketing Services allows it to serve as a leading one-stop shop for retailers and brands looking to expand their online commerce presence. BVAccel was founded in 2013 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Workarea

Philadelphia, Pennsylvania, United States

WebLinc Corp. is a provider of an eCommerce based business solutions. WebLinc was founded in 1994 and is based in Philadelphia, Pennsylvania.

Buy -