Oxylabs has acquired Webshare Software Company, bolstering its position in the proxy market industry and supporting Webshare's ongoing development.

Deal-at-a-Glance
Acquirer:Oxylabs (LT)
Target:Webshare Software Company (US)
Value:Undisclosed
Type:Acquisition
Closed:2022-09-20
Buy-side advisors:Norton Rose Fulbright
Sell-side advisors:Sorainen
Legal (buy):Norton Rose Fulbright
Legal (sell):Sorainen

Oxylabs, a Lithuania-based data provider, acquired Webshare Software Company to accelerate the company's growth and strengthen its presence in the proxy market sector. The acquisition of Webshare will enable Oxylabs to provide more comprehensive services to clients looking for high-quality web scraping solutions.

Financial terms were not disclosed, but both parties indicated that Webshare would continue to operate as an independent entity with support from Oxylabs, ensuring a smooth transition and fostering future growth opportunities. This acquisition marks another strategic move by Oxylabs in expanding its technology footprint across the globe.