Yahoo acquires ecommerce app platform provider Lexity

yahoo-acquires-ecommerce-app-platform-provider-lexity

Yahoo is continuing with its shopping spree under the hands of its CEO Marissa Mayer and this time the tech giant has acquired an e-commerce app platform provider from California, Laxity. Although rumors had erupted earlier this week about the deal between the companies, none of them had officially announced the same. The new acquisition will add feather to cap for Yahoo’s quest of jazzing up its mobility services with quality apps for mobile devices.
Today we acquired Lexity, an e-commerce company that helps small businesses strengthen their online stores with simple and intuitive apps. We will continue to support the current platform, the Lexity Live app, existing customers, and third party apps and developers. In the near future, we plan to integrate the service with the Yahoo! Small Business offering.” is all Yahoo had to say soon after the news was confirmed in its blog. Laxity has confirmed its news in its official website stating that all its products will transition ‘seamlessly’ to Yahoo platform to make them better, faster and stronger.
Although terms and conditions of the deal is yet not disclosed, Laxity has written a long note on its mingle with Yahoo. Yahoo Inc. has shown no signs to stop its shopping spree with almost more than $1 billion spent in acquisition of firms, most of them made within a month.

Source: Webpronews