- SaaS platform Wix.com Ltd (NASDAQ:WIX) has acquired marketplace and dropshipping platform, Modalyst.
- The financial terms of the transaction remain undisclosed.
- On average, Wix Stores that add dropshipping products increase AOV (Average Order Value) by 40% and sales revenues by 79% within the first four months.
- Now, Wix business owners can seamlessly connect their online store to an established marketplace of thousands of suppliers, manufacturers, and wholesalers where they have access to products spanning name brands, trending items, and independent labels.
- Wix.com held $1.1 billion in cash and equivalents as of Mar. 31, 2021.
- Price action: WIX shares traded lower by 1.79% at $279.83 on the last check Tuesday.
Certara To Buy Compliance Software Provider For $310; Q2 Earnings Beat Expectations, Raises FY21 Guidance
Certara Inc (NASDAQ:CERT) has agreed to acquire Pinnacle 21 for $310 million in cash and stock. Pinnacle 21’s software tools are used…
