Canva completes acquisition of Affinity to enhance its visual communication tools
Mar 26, 2024•over 1 year ago
Acquiring Company
Canva
Acquired Company
Affinity
Description
Canva, the world’s all-in-one visual communication platform, has acquired Affinity, the award-winning creative software suite for professional design. This strategic acquisition aligns with Canva’s vision to provide a comprehensive suite of visual communication tools and to accelerate its enterprise ambitions. With the integration of Affinity’s professional design software, Canva aims to unlock the full spectrum of designers at every level and stage of the design journey, empowering them to create professional-quality content effectively and efficiently.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed