Lithuanian public web data gathering solutions provider Oxylabs announced the acquisition of US-based self-service proxy provider Webshare Proxy Company. The financial details of the deal are undisclosed.
Oxylabs is a technology company that enables web data collection at large scale. Company offers services for price monitoring, ad verification, competitor research, travel fare aggregation and other business cases. Oxylabs is one of the largest providers of web scraping services globally, with numerous Fortune 500 companies in their client list.
Based in the San Francisco Bay area, Webshare prominently plays in the proxy self-service segment. According to the company’s website, it has over 10 000 active customers, despite starting the business a few years ago.
New hirings planned
According to Oxylabs, plans for Webshare Software Company’s future are further growth by sharing their business expertise and hiring more people from the global web scraping industry.
“Webshare is playing an essential role in the proxy market ecosystem by providing fast and affordable solutions, the quality of which is praised by their clients. Achieving rapid industry recognition is an impressive accomplishment made possible only by the immensely talented people of Webshare. With the addition of our technical expertise and industry experience, we will help them get established as one of the key players in the industry while maintaining their explosive growth.” – said Julius Černiauskas, CEO of Oxylabs.
Webshare retains autonomy
Webshare will remain operating as an independent company. Utku Zihnioglu, CEO of Webshare Software Company, sees the acquisition by Oxylabs as an opportunity for further scaling the company he founded:
“Our goal has always been to become a technology leader in the proxy industry. We see Oxylabs as a brotherly company whose values match those upon which we built our business. Through our combined forces, we will be able to continue scaling quicker and more efficiently, enabling us to have a greater positive effect on the proxy market industry.”
Oxylabs marks the first acquisition of another company. Norton Rose Fullbright and Sorainen, a Baltic law firm, were behind the acquisition deal.
