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Slide #18. Wix.com Ltd. — Appixia
Wix.com Ltd. (NASDAQ:WIX)
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 cloud-based web development platform for registered users and creators. Co.'s platform consists of three web creation products: Wix ADI, intended for website creation, the Wix Editor, intended for full website creation targeted at users with basic, average or above average technological skills, and Editor X, intended for users such as Partners. The Wix Editor is a drag-and-drop visual development and website editing environment complete with templates, graphics, image galleries and fonts. Co.'s platform also includes a development environment called Corvid by Wix. Co. also provides a variety of additional services to further complement users' needs, most notably Ascend by Wix.
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Strong Buy (3.71 out of 4)