Fiverr, an Israeli company that combines business with freelancers offering digital services and products, recently announced that it has acquired American online education company Creative Live to provide education and vocational training to a worldwide community of buyers and sellers.
The company, however, did not disclose the amount of the acquisition agreement.
CreativeLive will remain an independent entity after the acquisition, and its team will remain with founder and CEO Chase Jarvis, a statement said.
Founded in 2010, Creative Live has evolved into an online platform that offers more than 2,000 classes in various creative and business categories such as design, photography, photo editing, marketing, creative writing and social media. According to the company, more than 10 million people have used the platform to acquire new skills for their careers, hobbies and their lives. CreativrLive offers courses for a fee or as part of a subscription.
Speaking about the company, Fiverr co-founder Mika Kaufman said in a statement,
“Fiverr is more than just a work platform – we basically believe in supporting a completely independent lifestyle, and that includes vocational education and training. Fiverr’s role in leading change for buyers and sellers. “
Kaufman said the acquisition of Creative Live is part of Fiber’s broader strategy. According to the announcement, Fiverr’s existing online learning platform Fiverr Learn, first launched in 2018, will be integrated into Creative Live after the acquisition.
Commenting on being part of the Fiverr family, Chase Jarvis, founder and CEO of Creative Live, said,
“The future is favorable for people and companies that can adapt to the rapidly changing world of creation, innovation and adaptation. The key to all of this is the ability of people to learn new skills, think creatively and work with a growth mindset. We now know that these qualities are the key to success in any industry. We are excited to be part of the Fiverr family, to expand our list of attractive courses and to increase our community, the Fiverr community and today’s economic opportunities.
Fiverr was also founded in 2010 by Israeli entrepreneurs Shy Winninger and Mika Kaufman. The company went public on the New York Stock Exchange in June 2019 and reached a market cap of more than 6 6 billion.
The company has reported strong growth in the last two quarters, with revenue growing 100 percent year-over-year in the first quarter of 2021, one of the highest quarterly earnings in the company’s history, and 60 percent annually in Q2.
This is Fiverr’s third acquisition in a year. The company acquired boutique digital marketing agency SLT Consulting and Creative Talent Marketplace in August 2020, Working Not Working in February 2021.
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