Fiverr International Ltd. (NYSE:FVRR) acquired Digis and Scalamandra from DIGIS Group in a transaction estimated value of $14 million in 2024. The valuation is based on industry speculation as reported by Scroll.media. Nick Nagatkin, founder of Digis, will continue working within the newly merged structure. Meanwhile, Ilya Podavalkin, founder and CEO of Scalamandra, is exiting the business to focus on new projects.
Fiverr International Ltd. (NYSE:FVRR) completed the acquisition of Digis and Scalamandra from DIGIS Group in 2024.
Fiverr International Ltd is an Israel-based global marketplace that connects freelancers and businesses for digital services. At the foundation of the Company's platform lies a catalog with several categories of productized service listings, called Gigs. Each Gig has a clearly defined scope, duration, and price, along with buyer-generated reviews. Using the Company's search or navigation tools, buyers can find and purchase Gigs, such as logo design, video creation and editing, Web development, and blog writing, with varying prices. Promoted Gigs and Seller Plus provide advertising capabilities and tools for freelancers. Fiverr Workspace provides freelancers with software skills to manage business with their clients. Learning and development offerings are made through Fiverr Learn and CreativeLive. ClearVoice offers a subscription-based content marketing solution, WorkingNotWorking provides paid access to creative talent, and Stoke Talent provides a freelancer management system.
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