Wix.com (NASDAQ: WIX) , the world's leading drag-and-drop website building tool, has been on a spending spree as of late. In the last five months alone, the company has made three different acquisitions in an attempt to bolster its offerings with the latest one coming less than a month ago.
On June 15, Wix announced it had acquired a leading marketplace and dropshipping platform called Modalyst for an undisclosed price. Let's see why this acquisition fits so well into Wix's growing suite of tools.
Image source: Getty Images
For further details see:
Why Wix Just Acquired This Shopify Supplier