Just a few months after disclosing a $15 million spherical of funding, vCita, the enterprise administration SaaS for SMEs, has made an acquisition: It’s buying WiseStamp, a veteran of the Israeli startup scene that launched its e mail advertising instrument a decade in the past.
Unsurprisingly, phrases of the deal stay undisclosed. However, I perceive that vCita has acquired WiseStamp as an organization, together with all property, workers, buyer base, expertise and different IP. In addition, WiseStamp’s two remaining founders will be a part of vCita together with the remainder of the 20 particular person staff.
WiseStamp hadn’t taken a lot capital in its comparatively lengthy historical past, having raised round $400,000 from angel traders.
Founded in 2009 by Orly Izhaki, Tom Piamenta, Tzvika Avnery and Sasha Gimelshtein, WiseStamp presents a e mail signature answer for self-employed professionals. The firm claims over 50,000 paying clients, who it says use the platform to extend social media engagement, increase enterprise attain, and generate extra gross sales.
Meanwhile, the a lot youthful vCita says it has over 100,000 paying customers worldwide who use its SaaS to handle their schedule, monitor invoices, acquire funds, and manage shopper knowledge through the vCita app.
““We’re thrilled to have WiseStamp join our team. Both companies share the same vision: Empowering small business owners to deliver their services at a level comparable to that of a large company, at a fraction of the cost,” says says vCita co-founder and CEO Itzik Levy in an announcement.
Adds Orly Izhaki, WiseStamp’s CEO and co-founder: “Over the years, WiseStamp created advanced solutions that enable hundreds of thousands of small enterprises to grow their business online. We are excited about the merger, which will establish us as one of the most dominant players in the SMB market”.
