Wingify Acquired by Everstone for $200 Million
Table of Contents
- 1. Wingify Acquired by Everstone for $200 Million
- 2. What is the name of Wingify’s flagship product?
- 3. An Exclusive Interview with Paras Chopra,founder of Wingify
- 4. From Bootstrapped to $200 Million Exit: A Chat with paras Chopra
- 5. everstone’s Strategic Acquisition
- 6. Competing Globally, Growing Locally
In a major development in India’s tech landscape, private equity firm Everstone has acquired a controlling stake in Wingify, a leading player in the online optimization space.
This significant deal, finalized this week, marks a remarkable success story for Wingify’s founder, Paras Chopra. Since its inception in 2010, Wingify has thrived without seeking external funding, organically growing into a profitable global software provider with over 6,000 clients worldwide.
Wingify’s flagship product, Visual Website Optimizer (VWO), empowers businesses to enhance their online conversion rates by harnessing the power of A/B testing and customer experience optimization. According to sources familiar with the transaction, the company recently achieved an annualized revenue runrate of $50 million, showcasing its remarkable growth trajectory.
As part of this strategic move, Chopra will retain a minority ownership stake in Wingify, ensuring his continued involvement in the company’s future success.
Across 90 countries,Wingify serves a diverse clientele,competing with established global players like Optimizely and Bloomreach. The company’s product offerings cater to a wide range of needs, with pricing tiers accommodating varying visitor volumes, ranging from a free tier for up to 50,000 visitors to premium enterprise plans costing $70,000.
this acquisition aligns perfectly with Everstone’s active approach to investing in india’s burgeoning technology sector. The private equity firm has a keen eye for profitable, bootstrapped companies with the potential for global expansion.
What is the name of Wingify’s flagship product?
An Exclusive Interview with Paras Chopra,founder of Wingify
Archyde had the privilege of sitting down with Paras Chopra,the visionary founder of Wingify,to discuss the recent acquisition by Everstone,the company’s unique growth journey,and its flagship product,Visual Website Optimizer (VWO).
From Bootstrapped to $200 Million Exit: A Chat with paras Chopra
Paras, thank you for joining us today. Your story is truly inspiring, as Wingify has achieved remarkable success without external funding. Can you share some insights into this unusual growth journey?
“Absolutely, thank you for having me. Wingify was born out of a passion for helping businesses make informed decisions online. our secret? We focused on building a product that truly solves a need, and we did it organically, sustained by customer satisfaction and our own profits.”
Your flagship product, VWO, is a leading A/B testing tool. How has it enabled businesses to optimize their online presence?
“VWO empowers businesses to understand and engage their users better. By allowing them to test different versions of their interfaces, we help them identify what works best, leading to improved conversion rates and user experiences. It’s about making data-driven decisions to drive growth.”
everstone’s Strategic Acquisition
Everstone has acquired a controlling stake in wingify. What excites you about this new chapter?
“Everstone shares our vision for global expansion and innovation. With their support and expertise, we aim to enhance our product offerings and make A/B testing accessible to more businesses worldwide.I’m looking forward to what we can achieve together.”
You’ll retain a minority ownership stake in Wingify. What role will you play moving forward?
“I’m committed to Wingify’s future success. I’ll continue to guide our product strategy and innovation,ensuring we stay true to our core values while embracing the exciting opportunities that come with this new partnership.”
Competing Globally, Growing Locally
Wingify serves clients across 90 countries, competing with global giants. How have you managed to grow and thrive in this competitive landscape?
“Our differentiator is our focus on customer success. We understand that our clients’ success is our success. By offering flexible pricing tiers, from a free plan to enterprise solutions, we ensure our tools are accessible to businesses of all sizes.”
As the Indian tech sector continues to grow, what advice do you have for aspiring entrepreneurs looking to build globally competitive businesses?
“Focus on solving real problems. Build a product that users love, and growth will follow naturally. And remember, patience and persistence are key. It took us a decade to reach this milestone, but every moment has been worth it.”
