Vistaprint Buys DIY Site Builder Webs.com For $117.5 Million

Vistaprint Buys DIY Site Builder Webs.com For $117.5 Million

“Digital marketing company Vistaprint is acquiring Webs, a popular DIY website creation service, for $117.5 million in cash and stock ($100 million in cash and $17.5 million in stock).

Webs, which has raised $12 million in funding from Novak Biddle Venture Partners and Columbia Capital, allows businesses to create simple websites, Facebook pages and mobile sites. Premium upgrades include personalized domain names, customer support, email addresses, and enhanced web and video storage.

Webs has helped build over 50 million sites to date and has over 100,000 paying subscribers. Over 20,000 new users register daily for Webs’ suite of products. Vistaprint says that Webs’ 2011 revenues are $9 million.”

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