Oxylabs buys Webshare Software Company marking growth in the US

FinanceFeeds Editorial Team

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 buys Webshare Software Company marking growth in the US

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.

Read this next

Institutional FX

Clearwater completes acquisition of Wilshire’s analytics solutions

“Our vision is to create the preeminent investment management solution for firms around the globe. Clearwater’s integrated platform eliminates the need for multiple data reconciliations, serving as a reliable singular source of truth.”

Fintech

BizCuits integrates DXtrade platform for CFD brokers and props

The DXtrade platform features built-in trading journals, performance dashboards, responsive charting, and mobile trading apps.

Chainwire

Decoding Bitcoin’s Future: Bybit Insights on Halving, ETFs, and Macro Shifts

In a riveting panel discussion hosted by Bybit, one of the world’s top three crypto exchanges by volume, key figures from the crypto industry gathered to discuss crypto and global finance.

Digital Assets

CoinMENA taps Zodia Markets for enhanced liquidity

“With Zodia Markets we substantially enhanced our service offering and can provide investors with more efficient avenues for entering and exiting the digital assets market, with minimal transaction costs and efficient settlement.”

blockdag

BlockDAG’s Rise: A Potential $20 By 2027 Against Bitcoin And Ethereum Classic’s Fluctuations, Achieving $19.5M In Presale

With projections setting BlockDAG’s value to soar to $20 by 2027, its innovative ASIC mining rigs and a strategic lunar keynote teaser enhance its allure as the top long-term cryptocurrency investment.

Chainwire

Unveiling the KARRAT Protocol: Pioneering the Next Era of Gaming, Entertainment, and AI Innovation, Reshaping Hollywood and Beyond

$KARRAT is the governance token of the KARRAT Protocol. Using $KARRAT, the community will determine how the KARRAT Protocol is integrated into games and products, empowering the community of players and consumers, much more than traditional entertainment titles have.

Digital Assets

FTX customers drop claims against Sam Bankman-Fried

Former FTX CEO Sam Bankman-Fried has reached a preliminary settlement agreement with a group of FTX customers who have decided to drop their class action lawsuit against him.

Digital Assets

Ontario court sues Binance for securities law violations

Ontario’s Superior Court of Justice has filed a class action lawsuit against cryptocurrency exchange Binance for allegedly selling crypto derivative products to retail investors without registration, violating securities laws.

Digital Assets

Mt. Gox sends yen, bitcoin, and bitcoin cash to creditors

Creditors of the defunct bitcoin exchange Mt. Gox have reported updates to their claim accounts, indicating specific amounts and dates for bitcoin and fiat currency repayments. According to posts on the Mt. Gox insolvency subreddit, the updates include completed status for fiat currency repayments.

<