Square has bought San Francisco-based website building operation Weebly for a cool $365 million (£265 million).
Square has agreed to pay that sum in a mix of cash and stock as is typical in an acquisition, and the deal is expected to close before the end of this quarter (i.e. before June is out).
Square specializes in mobile payments and payment solutions in general, and the idea is to use that expertise to allow those building their website with Weebly to benefit from Square’s managed payment solutions (both of the hardware and software variety).
- Which are the best e-commerce platforms of 2018?
Weebly has over 625,000 paying subscribers which will obviously be a fresh market for Square to tap, and the firm noted that almost 40% of those customers were outside of the US, so that will help to further Square’s global ambitions.
All about onmichannel
Alyssa Henry, Seller Lead at Square, commented: “Omnichannel commerce is our top focus area in 2018. From managing orders, appointments, and payments to building a website, running a business is complex, and entrepreneurs around the world want powerful and intuitive tools.
“Whether they’re an artist, a winemaker, or a hairdresser, with Square and Weebly sellers will have one cohesive solution to build their business.”
- We’ve chosen the best website builders of 2018
Are you a pro? Subscribe to our newsletter
Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed!
Darren is a freelancer writing news and features for TechRadar (and occasionally T3) across a broad range of computing topics including CPUs, GPUs, various other hardware, VPNs, antivirus and more. He has written about tech for the best part of three decades, and writes books in his spare time (his debut novel - 'I Know What You Did Last Supper' - was published by Hachette UK in 2013).