Norwegian no-code design platform Vev has acquired TIME’s website builder TIME Sites, a leading account-based microsite platform, now named SITES.
As part of the acquisition deal, Marc Benioff, owner of TIME and chair, CEO and co-founder of Salesforce, acquired a stake in Vev.
Vev was founded in 2017 by CEO Tine Karlsen and CTO Nicolay Thafvelin. The company’s platform lets organisations create impactful interactive content, websites, and data visualisations without complicated coding processes or lengthy workflows. This cuts costs by reducing time-to-market by up to 90 per cent 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.
U.S.-based SITES was acquired by TIME in 2022, and enables everyday business users, from sales and marketing to customer success and professional services, to quickly and easily turn content into dynamic, personalised customer experiences.
According to Tine Karlsen, CEO of Vev:
“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..”
“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.
Lead image: Vev. Photo: uncredited.
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