{"id":4032,"date":"2018-05-02T19:09:37","date_gmt":"2018-05-02T19:09:37","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4032"},"modified":"2022-02-24T22:15:52","modified_gmt":"2022-02-24T22:15:52","slug":"square-boosts-omnichannel-capabilities-expands-globally-with-weebly-acquisition","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/square-boosts-omnichannel-capabilities-expands-globally-with-weebly-acquisition\/","title":{"rendered":"Square Boosts Omnichannel Capabilities, Expands Globally with Weebly Acquisition"},"content":{"rendered":"

Square <\/strong>announced<\/strong><\/a> plans last week to acquire Weebly, a technology company that enables businesses to build web sites and online stores.<\/strong><\/p>\n

Rick Oglesby, president of AZ Payments Group, described the acquisition as one that provides the company with not only expanded capabilities, but also an established user base. \u00a0\u00a0<\/strong><\/p>\n

\u201cPrior to this, Square\u2019s footprint has been almost entirely in the card-present arena, and its online capabilities have been more focused on helping its card-present merchants expand into new channels. Weebly gives Square a robust flow of card-not-present merchants and it also gives Square lots of e-commerce talent and technology assets,\u201d Oglesby told PaymentFacilitator.<\/p>\n

\u201cIt\u2019s also a good vehicle for international expansion,\u201d he said.<\/p>\n

According to Square\u2019s announcement, 40% of Weebly\u2019s customers are outside the U.S. The company has \u201cmillions\u201d of customers and more than 625,000 subscribers, it said.<\/p>\n

\u201cSquare checked a lot of boxes with a single acquisition. This one will turn out well,\u201d Oglesby said.<\/p>\n

Square touted the acquisition as an effective way to serve its customers in all aspects of their businesses, both on- and offline. Together, the two companies offer payments, hardware, software, web hosting, and ecommerce and marketing tools.<\/p>\n

\u201cSquare and Weebly share a passion for empowering and celebrating entrepreneurs,\u201d Jack Dorsey, CEO of Square, said in the press release. \u201cSquare began its journey with in-person solutions while Weebly began its journey online. Since then, we\u2019ve both been building services to bridge these channels, and we can go even further and faster together.\u201d<\/p>\n

Alyssa Henry, seller lead at Square described omnichannel commerce as the company\u2019s \u201ctop focus area in 2018.\u201d<\/p>\n

\u201cFrom managing orders, appointments, and payments to building a website, running a business is complex, and entrepreneurs around the world want powerful and intuitive tools. Whether they\u2019re an artist, a winemaker, or a hairdresser, with Square and Weebly sellers will have one cohesive solution to build their business,\u201d she said in the release.<\/p>\n

Weebly is Square\u2019s second acquisition in only a month and third so far this year<\/a>. But CFO Sarah Friar cautioned observers against reading too much into that pace according to TechCrunch, which quoted her<\/a> as saying the company plans to continue its focus on \u201ca build path and a partner path.\u201d<\/p>\n

Square is paying about $365 million for the company. The transaction is expected to close during the second quarter of this year.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Square announced plans last week to acquire Weebly, a technology company that enables businesses to build web sites and online stores.<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[250,828,970],"class_list":["post-4032","post","type-post","status-publish","format-standard","hentry","category-archive","tag-ecommerce","tag-square","tag-weebly"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4032"}],"version-history":[{"count":2,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4032\/revisions"}],"predecessor-version":[{"id":8229,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4032\/revisions\/8229"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4032"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}