Scaleworks acquires e-commerce search company Nextopia
Scaleworks, a U.S. software-as-a-service venture equity firm, has acquired Nextopia, a Toronto-based provider of e-commerce site search, navigation and merchandising solutions. No financial terms were disclosed. Founded in 1999 by CEO Sanjay Arora, Nextopia has served more than 2,000 internet retailers, helping them increase sales and improve the customer experience. Arora will be replaced by Peter Messana, CEO of U.S.-based SearchSpring, a Scaleworks portfolio company. There are no current plans to merge the two businesses. Nextopia is the second acquisition of Scaleworks' second fund, which raised US$80 million earlier this year.
15 August 2019•2 mins read
