Square has announced it has entered into a definitive agreement to acquire Weebly, a San Francisco–based technology company that provides tools to easily build a professional website or online store.
The payment service company Square will pay in a combination of cash and stock of approximately $365 million, which includes Square restricted stock units for the website builder Weebly’s founders and employees.
Entrepreneurs succeed beyond their website
Jack Dorsey, CEO of Square said that Square and Weebly share a passion for empowering and celebrating entrepreneurs. Square began its journey with in-person solutions, while Weebly began its journey online. Both the company has been building services to bridge these channels, and they can go even further and faster together.
Alyssa Henry, seller lead at Square said that Omnichannel commerce is their top focus area in 2018. Whether they are an artist, a winemaker or a hairdresser, with Square and Weebly, sellers will have one cohesive solution to build their business.
David Rusenko, CEO of Weebly said that entrepreneurship gives an opportunity to people who were never given one. Weebly has created technology that helps people bring their business idea to life online. Now, they will be expanding that vision to help entrepreneurs succeed beyond their website. He is excited for Weebly to join Square and help build the future of commerce together.