Information Technology Services M&A » By The Online Investor Staff, updated Thu., Apr. 25, 2:33 AM
Recent mergers and acquisitions in the Information Technology Services M&A category.
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Slide #18. Wix.com Ltd. — Appixia
Acquirer:
Wix.com Ltd. (NASDAQ:WIX)
Acquiree:
Appixia
Details:
Wix.com Ltd. (Nasdaq:WIX), a leading global web development platform, announced today its acquisition of Appixia, a platform for building native mCommerce apps. This acquisition supports the company's plans to continue strengthening its technological advantage and the depth of its product offering.
Wix.com is a global cloud-based web development platform for registered users and creators worldwide. Co. provides its solutions through a Software-as-a-Service business model. Co.'s platform consists of the following web creation products: Wix ADI, intended for website creation, the Wix Editor, intended for website creation targeted at users with basic, average or above average technological skills, and Editor X, intended for users such as design personnel. Co.'s platform also includes a development environment called Velo by Wix, through which users can combine the products and solutions its platform provides with developer capabilities to create websites and web applications.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 55th percentile
(ranked higher than approx. 55% of all stocks covered)
Analysts' Target Price: WIX Stock Forecast Based on Zacks ABR data; powered by Xignite |
