Squarespace Completes Acquisition Of Google Domains Assets

Sep 07, 2023•almost 2 years ago

Acquiring Company

Squarespace

Acquired Company

Google Domains Assets

New YorkSoftwareSaasE Commerce

Description

Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced the completion of its acquisition of the assets associated with the Google Domains business, in accordance with the transaction agreement previously announced on June 15, 2023.

Company Information

Company

Squarespace

Location

New York, New York, United States

About

Squarespace (NYSE: SQSP) is a design-driven platform helping entrepreneurs build brands and businesses online. Our products empower millions in more than 200 countries and territories with all the tools they need to create an online presence, build an audience, monetize, and scale their business. Our suite of products range from websites, domains, ecommerce, and marketing tools, as well as tools for scheduling with Acuity, creating and managing social media presence with Bio Sites and Unfold, and hospitality business management via Tock.

M&A Insights

Based on deal data

Integration 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