March 7, 2017 | Announcements

GCA Advises DeviantArt on Its Sale to Wix.com

We are pleased to announce that our client, DeviantArt, one of the world's largest online communities dedicated to artists, art enthusiasts and designers, has been acquired by Wix.com ("Wix"), a leading cloud-based web development platform.

DeviantArt offers its community of over 40 million registered members a platform to communicate through art, engage with each other as part of a global collective, and market themselves online.

The acquisition will provide DeviantArt users easy access to Wix’s powerful tools specifically designed to help emerging artists create and showcase their creativity. In turn, Wix will provide its users a platform to engage with creative designers and artists across multiple mediums.

GCA acted as exclusive financial advisor to DeviantArt in connection with this transaction.

 

About DeviantArt
DeviantArt was created to entertain, inspire and empower the artist and art lover in all of us. Founded in 2000, DeviantArt is home to over 40 million registered members worldwide and features an extensive platform used to exhibit, promote and discover works and other members within a peer community. As the largest aggregator of creative talent on the Internet, fueled by tens of thousands of daily submissions, and reaching over 45 million monthly unique visitors, DeviantArt is one of the world’s largest websites enabling participation in the arts at a scale never imagined in the traditional art world.

About Wix.com Ltd. (NasdaqGS: WIX)
Wix.com is a leading cloud-based web development platform with more than 100 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, professionals and individuals to take their businesses, brands and workflow online. Wix ADI, the Wix Editor and a highly curated App Market enable users to build and manage a fully integrated and dynamic digital presence.

About GCA
GCA is a premier global investment bank serving a broad client base through a range of advisory services including mergers and acquisitions, debt and equity capital markets, private funds, restructuring, and asset management. GCA is a global advisor providing unbiased, insightful advice and is focused on building long-term relationships based on trust. GCA delivers deep expertise in many key industries and has a particular focus in Technology, Software, Media, Digital Media, Communications, Industrials and Industrial Technology, Healthcare, Financial Institutions, FinTech and Business Services. GCA has teams of highly experienced bankers in San Francisco, New York, Tokyo, Frankfurt, London, Manchester, Milan, Mumbai, Munich, Osaka, Shanghai, Singapore, Tel Aviv and Zurich. For more information, visit gcaglobal.com.