The partnership will enhance the companies'
advanced offerings, providing Wix and Mailchimp users with
industry-leading capabilities in a seamless experience
NEW
YORK, Oct. 3, 2023 /PRNewswire/ -- Today, Intuit
Mailchimp (Nasdaq: INTU), the #1 email marketing and automation
brand1, and Wix.com Ltd. (Nasdaq: WIX), a leading
global SaaS platform to create, manage and grow an online presence,
announced a multi-year bi-lateral strategic partnership. Through
the upcoming collaboration between the platforms, users will
benefit from stronger functionality and ease of use of marketing
activities by connecting CRM data between the platforms, bolstering
their marketing capabilities to drive customer engagement and
increase sales growth.
Intuit's substantial solutions tailored for small businesses and
marketers and Wix's comprehensive online platform will provide
users with the ability to use both platforms with their respective
tools to manage and grow businesses. For self-creators using Wix
and Mailchimp, the integration will provide greater functionality
and ease of use. Agencies and freelancers using Wix Studio will
benefit from offering their clients a complete email marketing
suite with the industry's leading marketing tools.
"This partnership will allow both of our companies to bring our
respective expertise and best-in-class products together to form a
seamless experience for users," said Nir Zohar, President and COO
of Wix. "Intuit and Wix both strive to provide the best online
solutions for our users, this is why I believe that together we
will bring greater value and we look forward to the exploration of
expanding the offering through this multi-year agreement."
"It's more important than ever for businesses to aggregate their
customer data so they can accelerate growth," said Ken Chestnut, Global Head of Ecosystem at
Mailchimp. "With Intuit's history of serving small businesses and
marketers and Wix's global footprint in the digital space, we're
bringing together a wealth of valuable technologies and insights
that can unlock limitless possibilities for mutual customers of Wix
and Mailchimp."
"We are very excited to embark on this collaboration with Intuit
Mailchimp," said Yaniv Vakrat, Chief Business Officer at Wix. "By
streamlining the complex nature of running a business, we aim to
provide the tools businesses need to thrive in today's digital
landscape. Our joint users will benefit from our complementary
industry-leading products to help them manage the essential aspects
of their business."
The cross-platform integration will have a gradual global
rollout in the U.S., Canada, and
the UK in the upcoming days.
1 Based on competitor brands' publicly available
data on worldwide numbers of customers in 2021/2022.
About Intuit Mailchimp:
Intuit Mailchimp is an
email and marketing automations platform for growing businesses. We
empower millions of customers around the world to start and grow
their businesses with world-class marketing technology,
award-winning customer support, and inspiring content. Mailchimp
puts data-backed recommendations at the heart of your marketing, so
you can find and engage customers across email, social media,
landing pages, and advertising— automatically and with the power of
AI. In 2021, Mailchimp was acquired by Intuit.
About Intuit:
Intuit is the global financial
technology platform that powers prosperity for the people and
communities we serve. With 100 million customers worldwide using
TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that
everyone should have the opportunity to prosper. We never stop
working to find new, innovative ways to make that possible. Please
visit us at Intuit.com and find us on social for the latest
information about Intuit and our products and services.
Intuit Mailchimp Forward-Looking Statement
Disclaimer
Intuit's forward-looking statement applies to the
information you see here. This information is intended to outline
our general product direction, but represents no obligation and
should not be relied on in making a purchasing or investment
decision. Additional terms, conditions and fees may apply with
certain features and functionality. Eligibility criteria may apply.
Product offers, features, functionality are subject to change
without notice.
Media Inquiries for Intuit Mailchimp:
Kate Arora
pr@mailchimp.com
About Wix.com Ltd.
Wix is a leading platform to
create, manage and grow a digital presence. What began as a website
builder in 2006 is now a complete platform providing users with
enterprise-grade performance, security and a reliable
infrastructure. Offering a wide range of commerce and business
solutions, advanced SEO and marketing tools, Wix enables users to
have full ownership of their brand, their data and their
relationships with their customers. With a focus on continuous
innovation and delivery of new features and products, anyone can
build a powerful digital presence to fulfill their dreams on
Wix.
For more about Wix, please visit our Press Room
Media Relations Contact: PR@wix.com
Forward-Looking Statements
Forward-Looking Statements
This document contains forward-looking statements, within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 that involve risks and uncertainties.
Such forward-looking statements may include projections regarding
our future performance, including, but not limited to revenue,
bookings and free cash flow, and may be identified by words like
"anticipate," "assume," "believe," "aim," "forecast," "indication,"
"continue," "could," "estimate," "expect," "intend," "may," "plan,"
"potential," "predict," "project," "outlook," "future," "will,"
"seek" and similar terms or phrases. The forward-looking statements
contained in this document, including the quarterly and annual
guidance, are based on management's current expectations, which are
subject to uncertainty, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control.
Important factors that could cause our actual results to differ
materially from those indicated in the forward-looking statements
include, among others, our expectation that we will be able to
attract and retain registered users and generate new premium
subscriptions, in particular as we continuously adjust our
marketing strategy and as the macro-economic environment continues
to be turbulent; our expectation that we will be able to increase
the average revenue we derive per premium subscription, including
through our partners; our expectations related to our ability to
develop relevant and required products using Artificial
Intelligence ("AI"), the regulatory environment impacting AI
related activities including privacy and intellectual property
aspects, and potential competition from third-party AI tools which
may impact our business; our expectation that new products and
developments, as well as third-party products we will offer in the
future within our platform, will receive customer acceptance and
satisfaction, including the growth in market adoption of our online
commerce solutions; our assumption that historical user behavior
can be extrapolated to predict future user behavior, in particular
during the current turbulent macro-economic environment; our
expectation regarding the successful impact of our previously
announced Cost-Efficiency Plan and other cost saving measures we
may take in the future; our prediction of the future revenues
generated by our user cohorts and our ability to maintain and
increase such revenue growth, as well as our ability to generate
and maintain elevated levels of free cash flow and profitability;
our expectation to maintain and enhance our brand and reputation;
our expectation that we will effectively execute our initiatives to
improve our user support function through our Customer Care team,
and that our recent downsizing of our Customer Care team will not
affect our ability to continue attracting registered users and
increase user retention, user engagement and sales; our plans to
successfully localize our products, including by making our
product, support and communication channels available in additional
languages and to expand our payment infrastructure to transact in
additional local currencies and accept additional payment methods;
our expectation regarding the impact of fluctuations in foreign
currency exchange rates, interest rates, potential illiquidity of
banking systems, and other recessionary trends on our business; our
expectations relating to the repurchase of our ordinary shares
and/or Convertible Notes pursuant to our repurchase program; our
expectation that we will effectively manage our infrastructure; our
expectations regarding the outcome of any regulatory investigation
or litigation, including class actions; our expectations regarding
future changes in our cost of revenues and our operating expenses
on an absolute basis and as a percentage of our revenues, as well
as our ability to achieve profitability; our expectations regarding
changes in the global, national, regional or local economic,
business, competitive, market, and regulatory landscape, including
as a result of COVID-19 and as a result of the military invasion of
Ukraine by Russia; our planned level of capital
expenditures and our belief that our existing cash and cash from
operations will be sufficient to fund our operations for at least
the next 12 months and for the foreseeable future; our expectations
with respect to the integration and performance of acquisitions;
our ability to attract and retain qualified employees and key
personnel; and our expectations about entering into new markets and
attracting new customer demographics, including our ability to
successfully attract new partners large enterpriselevel users and
to grow our activities with these customer types as anticipated and
other factors discussed under the heading "Risk Factors" in the
Company's annual report on Form 20-F for the year ended
December 31, 2022 filed with the
Securities and Exchange Commission on March
30, 2023. The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements. Any
forward-looking statement made by us in this press release speaks
only as of the date hereof. Factors or events that could cause our
actual results to differ may emerge from time to time, and it is
not possible for us to predict all of them. We undertake no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future developments or
otherwise.
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SOURCE Wix Com Ltd