Exciting Changes Ahead for Squarespace: What the $6.6 Billion Deal Means for You
Big news just dropped – Squarespace is going private in a massive $6.6 billion deal with UK-based private equity firm Permira. As a dedicated Squarespace website design agency, we’re both excited and intrigued to see what this acquisition brings to both Squarespace and our clients!
Since Squarespace went public in 2020, we’ve seen an increase in features including the launch of Fluid Engine, Courses and eCommerce features, and acquisitions of Acuity Scheduling and Google Domains. We predict that this deal might bring more streamlined focus, resulting in less feature releases, and better enhancements of existing features.
A Quick Overview of the Deal
Permira’s all-cash acquisition values Squarespace at $6.9 billion, offering $44 per share, a 15% premium on its recent closing price. This transition is a significant vote of confidence in Squarespace’s future, especially with founder Anthony Casalena staying on as CEO and one of the largest shareholders.
Casalena commented on the deal: “Squarespace has been at the forefront of providing services to businesses looking to establish themselves online for more than two decades. We are excited to continue building on that foundation, and expanding our offerings, for years to come.”
Permira Partner David Erlong added: “As a firm with a long history of backing leading internet platforms and technologies that enable SMBs to compete globally, we are excited to partner with Anthony and his team to support the company in unlocking its full potential.”
What does this mean for your Squarespace website:
Continued Innovation: Permira’s investment promises more robust and innovative tools for your website. Squarespace’s recent foray into generative AI means you can look forward to even more powerful content creation and management features.
Stability and Growth: With strong backing, Squarespace is positioned to offer more stability and growth, ensuring your website platform continues to evolve with the latest tech advancements.
Enhanced Services: As Squarespace aims to expand its offerings, expect more seamless integrations for e-commerce, SEO, and digital marketing solutions – all designed to make your online business thrive.
Why We’re Excited
At The Square Agency, we’re committed to creating custom Squarespace websites designed to be your all-in-one solution proven to be instrumental in propelling your growth. This acquisition means we’ll have even more enhanced features and integrations to create stunning, effective websites tailored to your business needs.
Sources:
TechCrunch
TechRadar
