Canva's Strategic Acquisition Spree Targets Professional Design Market
TL;DR
Canva, Australia's most valuable startup, has acquired the Affinity suite of creative software in a deal valued at "several hundred million pounds," marking its biggest acquisition yet as it aims to compete with Adobe. The acquisition includes the entire 90-person team of Serif, the startup behind Affinity's portfolio of photo-editing, publishing, and illustration software. Canva, known for its easy-to-use design products, has surpassed $2.1 billion in annualized revenue and has over 175 million users, with plans to double down on organic growth in Europe.
- Canva Strikes Biggest Acquisition Yet in Chase to Take on Adobe Yahoo Finance
- Canva on dealmaking circuit, swoops on British graphic design group The Australian Financial Review
- Australia's Canva Targets Professional Designers With U.K. Acquisition The Wall Street Journal
- Australian billionaire has global designs with Affinity deal The Times
- Canva Acquires Design Platform Affinity to Bring Professional Design Tools to Every Organization Joplin Globe
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