Web.com acquires Montreal-based Fund V portfolio co. Acquisio
More acquisition news hit the wire last evening. This time it was Acquisio, a Montreal-based Wellington Financial Fund V portfolio co., announcing its tie-up with Web.com, of Jacksonville, Florida. Here’s the release:
“Acquisio makes available to small and midsized businesses the same powerful machine-learning technology that was once available only to the largest corporations and online marketing agencies,” said David L. Brown, Web.com’s chairman, CEO and president. “By applying Acquisio’s award-winning artificial intelligence technology to Web.com’s existing suite of online marketing tools and its hands-on, consultative approach, we will be able to provide even greater value to customers at a much faster pace. We are thrilled to welcome the entire Acquisio team to the Web.com family.”
“Headquartered in North America’s up and coming talent hub for artificial intelligence – Montreal, Canada – Acquisio is well positioned to pioneer innovation with Web.com. Montreal is renowned for software development, and in recent years has become a nucleus for artificial intelligence and deep learning innovation. We are proud to leverage our artificial intelligence for small businesses around the world,” says Marc Poirier, Acquisio’s CEO and co-founder.
We got involved just 18 months ago via a $5 million growth capital commitment. Our funds went into accelerating platform improvements, new product development and increased lead generation in the SMB market. All natural investments that would inevitably attract the interest of a global firm such as Web.com.
Congratulations from all of us to Alex, Marc, Bruno and the rest of the team!