Vistaprint N.V. (VPRT) Announces Completion of Webs Inc. Acquisition for $117.5 Million

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Vistaprint N.V. (Nasdaq: VPRT) today announced it has completed its acquisition of Webs, Inc., the popular, do-it-yourself suite of websites, Facebook Pages and mobile presence solutions for small businesses. The purchase price was $117.5 million, including $101.3 million in cash and $16.2 million in restricted shares subject to continued employment of the founding shareholders. The final purchase price is subject to customary, post-closing balance sheet adjustments.

Vistaprint expects the acquisition to increase customer value via the integration of physical and digital small business identity and marketing, to augment the Vistaprint team with talented Webs employees who have an innovative and customer-centric approach to product development, to add a scalable and successful customer acquisition mechanism and, over the long-term to improve the monetization of the two companies’ customer bases via cross-selling of an industry-leading range of small business marketing products and services.

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