February 23, 2017
Digital Media and Media
GCA advises DeviantArt on its sale to Wix.com
GCA’s client DeviantArt, one of the world’s largest online communities dedicated to artists, art enthusiasts and designers, has been acquired by Wix.com, a leading cloud-based web development platform.
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.
Wix.com is a leading cloud-based web development platform with more than 100 million registered users worldwide. 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.
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.