M&A Deal Summary

Wix.com Acquires DeviantArt

On February 23, 2017, Wix.com acquired internet software and services company DeviantArt for 36M USD

Acquisition Highlights
  • This is Wix.com’s 5th transaction in the Internet Software and Services sector.
  • This is Wix.com’s largest (disclosed) transaction.
  • This is Wix.com’s 2nd transaction in the United States.
  • This is Wix.com’s 1st transaction in California.

M&A Deal Summary
Date 2017-02-23
Target DeviantArt
Sector Internet Software and Services
Buyer(s) Wix.com
Deal Type Add-on Acquisition
Deal Value 36M USD

Target

DeviantArt

Hollywood, California, United States
website
DeviantArt, Inc. is an online social network for artists, designers and art enthusiasts. DeviantArt is home to over 40 million registered members worldwide and features an extensive platform used to exhibit, promote, and discover works and other members within a peer community.

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Buyer(S) 1

Buyer

Wix.com

Tel Aviv, Israel

website

Category Company
Founded 2006
Sector Internet Software and Services
Employees3,803
Revenue 989M USD (2020)
DESCRIPTION

Wix.com is a cloud-based web development platform for individuals and small businesses. Wix.com was founded in 2006 and is headquartered in Tel Aviv, Israel.

DEAL STATS #
Overall 5 of 6
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 5 of 6
State (California) 1 of 2
Country (United States) 2 of 3
Year (2017) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 LoyalBlocks

Tel Aviv, New York, Israel

LoyalBlocks Ltd. (dba Flok) is a provider of cloud based platform which connects merchants and their customers, powering lasting and rewarding relationships. With thousands of businesses signed up to its platform across the U.S., flok's marketing platform facilitates interactive conversations, loyalty rewards, automated engagement workflows and unique mobile purchase experiences.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 Modalyst

San Francisco, California, United States

Modalyst is a provider of marketplace and dropshipping platforms. Modalyst connects an online store to an established marketplace of thousands of suppliers, manufacturers, and wholesalers where they have access to products spanning name brands, trending items, and independent labels with the option to white-label products with their own branding. Modalyst was founded in 2012 and is based in San Francisco, California.

Buy -
Mergr

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