Norwegian scaleup Vev has acquired TIME’s web design platform, TIME Sites, in a strategic move to solidify its presence in the U.S. and enhance its interactive content-building capabilities. The acquisition integrates TIME Sites’ microsite technology into Vev’s no-code platform, allowing marketing, media, and consulting teams to create high-impact digital experiences with greater technical freedom. As part of the deal, Salesforce co-founder and TIME owner Marc Benioff becomes a shareholder in Vev, further strengthening the company’s enterprise reach. With 33 employees across six countries and $7M in funding, Vev continues its rapid expansion, now with an even stronger foothold in the U.S. market.
Vev was founded in 2017 by CEO Tine Karlsen and CTO Nicolay Thafvelin. The company’s unique platform lets organizations create impactful interactive content, websites, and data visualizations, without complicated coding processes or lengthy workflows. This cuts costs by reducing time-to-market by up to 90% compared to traditional workflows. Already boasting clients such as LIDL U.S., Schibsted, Politico Studio, and Pfizer, hundreds of brands globally use Vev to easily produce interactive and creative content to enhance their web presence.
“Having Marc Benioff as an investor, with his years of leadership in SaaS, in addition to bringing SITES into the Vev fold, represents an immense opportunity, especially for the U.S. market. Marc’s leadership and experience in cloud computing and enterprise software will be invaluable to our growth, and the SITES team and existing technology will have a significant impact on the digital storytelling features of our platform. We cannot wait to work with their existing and loyal customers to shape the future of the platform,” says Tine Karlsen, CEO of Vev.
U.S.-based SITES was acquired by TIME in 2022. SITES is designed to revolutionize how business teams interact with their customers at every stage of their journey. The platform enables everyday business users, from sales and marketing to customer success and professional services, to quickly and easily turn content into dynamic, personalized customer experiences.
“Since 2022, TIME has delivered exceptional digital experiences that capture our customers’ stories with quality, speed, and scale through the TIME Sites platform and team. Vev shares our passion for digital storytelling and a proven commitment to innovation and growth, making them the ideal home for TIME Sites customers,” says Jessica Sibley, CEO of TIME.
Following the acquisition, SITES’ Kristina Valkanoff will join Vev as Country Manager for the United States. In her new role with Vev, Valkanoff will spearhead expansion and growth in the U.S., collaborating with the broader team to propel the no-code platform toward becoming the essential creative extension to every organization’s tech stack.
Vev has raised $7M in funding and has 33 employees in 6 countries. Working with top brands globally, Vev’s customer base spans 40 countries, growing substantially within larger enterprises.
Financial terms were not disclosed.
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Read the orginal article: https://arcticstartup.com/vev-acquires-times-web-design-platform/
