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

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

<