Episerver to Acquire Optimizely, the World's Leading Experience Optimization Platform
Combination creates ultimate system of differentiation for companies to compete and win in the digital-first economy
NEW YORK, Sept. 3, 2020 /PRNewswire/ -- Episerver, a leader in the Gartner Magic Quadrant for Digital Experience Platforms, announced today that it has entered into a definitive agreement to acquire Optimizely, the leader in experimentation and optimization. This combination creates the most advanced digital experience platform to optimize every customer touchpoint across the entire user journey.
"For nearly three decades, Episerver has helped businesses create content-driven digital experiences for our customers," said Alex Atzberger, CEO of Episerver. "Today, we are announcing the most significant transformation in our company's history – one that will set a new industry standard for digital experience platforms.
"The breakthrough combination of Episerver and Optimizely will transform digital experience creation and optimization, enabling digital teams to replace guesswork with evidence-based outcomes. This, along with our shared mission to empower growing companies to compete digitally, makes me thrilled to welcome the Optimizely team to Episerver, as we prove there are no extraordinary experiences without experimentation."
Today's digital experience leaders are in the midst of a transformation, as more of their business is done online. Customers no longer expect simple websites but rather highly personalized and differentiated experiences along their omnichannel journey. What digital teams need is the ability to understand how their actions are impacting their customers so they can act more intentionally.
Bringing together Episerver's ability to create digital experiences through content and commerce with Optimizely's ability to experiment and optimize across touchpoints empowers marketers to build experiences that get smarter over time. The combination creates a unique system of differentiation to:
- Inspire Innovation: Running better experiments across both front-end layouts and back-end logic, with easy-to-use tailored recommendations, drives increased revenue, productivity and cost savings.
- Increase agility: Gaining real-time answers accelerates collaboration and creates more responsive customer experiences for improved lead generation and faster time to market.
- Improve outcomes: Measuring outcomes of different options allows digital teams to orchestrate unique digital experiences for each customer, at scale – driving transformation, customer engagement and brand differentiation.
"Winning in today's digital world requires delivering the best and most personalized digital experiences," said Jay Larson, CEO of Optimizely. "Episerver and Optimizely have a shared vision to optimize every customer touchpoint through the use of experimentation. Together, we will enable our customers to do more testing, in more places, with greater ease than ever before. We believe this combination will make experimentation a mainstream business best practice and an essential part of competing and winning customers in an online world. With the combination of creation and optimization, we look forward to building a new community of digital experience leaders."
Optimizely is the leader of the fast-growing experimentation category, with over 1,000 customers and more than 10 years of innovation. Its proven at-scale platform has run over 2 million experiments to eliminate guesswork across the user journey and optimize the customer experience for some of the world's most prominent brands like Peloton, Nike and Uber.
Transaction Details
Subject to customary closing conditions and attainment of regulatory clearances, the acquisition is expected to close in Q4 of 2020. Until such closing, the companies will continue to operate independently.
Episerver is a privately held portfolio company of Insight Partners, purchased in 2018 at $1.16B. They acted as the strategic advisor and sponsor for Episerver's acquisition of Optimizely, as well as the company's 2019 acquisitions of B2B commerce leader Insite Software and analytics and personalization provider Idio. Now with Optimizely, Insight Partners further advances Episerver's market-leading product. In the same manner, Goldman Sachs & Co. LLC served as exclusive financial advisor to Optimizely.
Episerver and Optimizely will host a joint analyst and press conference on September 3, 2020, at 10 a.m. Pacific Time/1 p.m. Eastern Time to discuss the details of this transaction.
About Optimizely
Optimizely's leading platform offers a complete set of digital experience optimization technologies, including AI-powered personalization and experimentation, which encompasses A/B testing, multivariate testing, and server-side testing. We take out the guesswork to enable brands to deliver relevant experiences driven by data. The world's greatest brands choose Optimizely to win and compete in the digital economy, including Gap, StubHub, IBM, The Wall Street Journal, and many more. To learn more, visit optimizely.com.
About Episerver
Episerver empowers businesses to scale through the most customer-centric approach to digital experiences. Its Customer-Centric Digital Experience Platform™ features best-in-class content management and robust commerce, both backed by AI powered data and personalization solutions. The platform has consistently earned industry, analyst and media recognition for its vision, capabilities and customer commitment. Episerver's 900+ partners and 825+ employees in offices around the globe are proud to help more than 8,000 brands enrich their customer lifetime value, increase revenue and grow their brands.
Media Contacts:
Rachel Teitt Gill
Director of Corporate Communications, Episerver
+1 740-815-1588
[email protected]
Amberly Dressler
Sr. Corporate Communications Manager, Episerver
+1 714-851-5794
[email protected]
Nicole Thompson
Director of Communications, Optimizely
+1 925-964-7475
[email protected]
Lucas Strombeck
Sr. Public Relations Manager, Walker Sands
+1 312-561-2485
[email protected]
SOURCE Episerver
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