Vev acquisition news – No-Code Design Platform Vev Acquires TIME Magazine’s

The move strengthens it’s position in the enterprise web development space, accelerating its goal of becoming the leading content builder for organizations and expanding its established position in interactive content and digital storytelling. As part of the acquisition deal, Marc Benioff, owner of TIME and chair, CEO and co-founder of Salesforce, acquires a stake in Vev.

Vev was founded in 2017 by CEO Tine Karlsen and CTO Nicolay Thafvelin. The company’s unique platform lets organizations create impactful interactive content, websites, and data visualizations, without complicated coding processes or lengthy workflows.

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This cuts costs by reducing time-to-market by up to 90% compared to traditional workflows. Already boasting clients such as LIDL U.S., Schibsted, Politico Studio, and Pfizer, hundreds of brands globally use it to easily produce interactive and creative content to enhance their web presence.

Tine Karlsen, CEO of Vev said, “Having Marc Benioff as an investor, with his years of leadership in SaaS, in addition to bringing SITES into the Vev fold, represents an immense opportunity, especially for the U.S. market. Marc’s leadership and experience in cloud computing and enterprise software will be invaluable to our growth, and the SITES team and existing technology will have a significant impact on the digital storytelling features of our platform. We cannot wait to work with their existing and loyal customers to shape the future of the platform,”.

U.S.-based SITES was acquired by TIME in 2022. SITES is designed to revolutionize how business teams interact with their customers at every stage of their journey. The platform enables everyday business users, from sales and marketing to customer success and professional services, to quickly and easily turn content into dynamic, personalized customer experiences.

Jessica Sibley, CEO of TIME said, "Since 2022, TIME has delivered exceptional digital experiences that capture our customers' stories with quality, speed, and scale through the TIME Sites platform and team. Vev shares our passion for digital storytelling and a proven commitment to innovation and growth, making them the ideal home for TIME Sites customers,".

Following the acquisition, SITES’ Kristina Valkanoff will join Vev as Country Manager for the United States. In her new role with Vev, Valkanoff will spearhead expansion and growth in the U.S., collaborating with the broader team to propel the no-code platform toward becoming the essential creative extension to every organization’s tech stack.

About Vev

Vev is an interactive content builder that revolutionizes the creative workflow for teams wanting to create cutting-edge digital content and sites without code. It reduces time to market and significantly lowers development costs. Founded in 2017, Vev is headquartered in Oslo and is used by many of the world's leading organizations as a seamless creative addition to their existing tech stacks.