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August 7, 2012 10:30 am GMT
99designs, the polarizing crowdsourced design marketplace, announced its first acquisition tonight, as the Accel-backed startup scooped up its European rival, 12designer, for an undisclosed amount. In the near-term, 12designer will continue to operate as a stand-alone site. Since raising $35 million from Accel, 99designs has been focused on international growth, said Patrick Llewellyn, the company's President and CEO. 12designer is based in Germany, which has become 99design's top non-English (and fastest-growing) market, with European users now accounting for 15 percent of the site's graphic design contests.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sLoa71kZRHo/
99designs Makes Its First Acquisition, Scoops Up European Rival 12designer
99designs, the polarizing crowdsourced design marketplace, announced its first acquisition tonight, as the Accel-backed startup scooped up its European rival, 12designer, for an undisclosed amount. In the near-term, 12designer will continue to operate as a stand-alone site. Since raising $35 million from Accel, 99designs has been focused on international growth, said Patrick Llewellyn, the company's President and CEO. 12designer is based in Germany, which has become 99design's top non-English (and fastest-growing) market, with European users now accounting for 15 percent of the site's graphic design contests.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sLoa71kZRHo/
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