Observed Signal · Feb 26, 2025 · M&A - Completed · Source: Tech.eu · Impact: 3/5 · Sentiment: Positive
Vev acquires TIME's SITES; Salesforce CEO Marc Benioff invests
Norwegian no-code design platform Vev has acquired TIME's website builder TIME Sites, a leading account-based microsite platform now rebranded as SITES. As part of the deal, Marc Benioff, owner of TIME and CEO of Salesforce, acquired a stake in Vev. Vev, founded in 2017, enables organizations to create interactive content, websites, and data visualizations without complex coding, reducing time-to-market by up to 90%. SITES, originally acquired by TIME in 2022, allows business users to quickly turn content into dynamic, personalized customer experiences. Following the acquisition, Kristina Valkanoff joins Vev as US Country Manager to drive expansion. Vev, which has raised $7M and employs 33 people, counts clients like LIDL U.S., Schibsted, Politico Studio, and Pfizer. Financial terms were not disclosed.
Notable acquisition in the no-code web design space, with investment from a major tech figure, indicating market consolidation and growth in digital experience platforms.
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Key Takeaways & Evidence Grounding
- Vev acquired TIME's website builder TIME Sites, now renamed SITES.
- Marc Benioff, Salesforce CEO and TIME owner, acquired a stake in Vev as part of the deal.
- Vev was founded in 2017 and has raised $7M in funding.
- SITES was originally acquired by TIME in 2022.
- Financial terms of the acquisition were not disclosed.
Connected Companies & Entities
5 Entities mapped“Norwegian no-code design platform Vev has acquired TIME’s website builder TIME Sites....”
“Marc Benioff, owner of TIME and chair, CEO and co-founder of Salesforce, acquired a stake in Vev....”
“Marc Benioff, owner of TIME and chair, CEO and co-founder of Salesforce, acquired a stake in Vev....”
“Already boasting clients such as LIDL U.S., Schibsted, Politico Studio, and Pfizer....”
“Already boasting clients such as LIDL U.S., Schibsted, Politico Studio, and Pfizer....”
Ontology Mapping & Concepts
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